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  1. Iran conflict ‘will have little impact’ on Australian super system, SMC says

    fluctuations in the equity markets, with profit-to-member funds returning over 7.5 per cent a year on average over the last decade to December. The group’s analysis of significant market downturns shows balanced options experience a fraction of the...

  2. IR reforms will end up closing small business, says advocate

    owners had been overlooked in the sometimes heated debate over the Secure Jobs, Better Pay Bill introduced to Parliament last Thursday. For most businesses, the focus of concern has been Labor’s intention to expand the multi-employer bargaining system,...

  3. IPA’s liability cover gets green light

    Conway. All IPA members in practice must maintain a minimum professional indemnity insurance cover of $1 million. Late last month, the PSC confirmed CPA Australia’s scheme would expire from 7 October this year. It operates in all mainland jurisdictions....

  4. IPA welcomes Ombudsman’s review into OSfA

    Owen officially launched her review into OSfA, building on her previous review into the ATO's registered agent phone line last year. The IPA said that the two reviews were intrinsically linked and welcomed the action to fix OSfA, noting that its current...

  5. IPA welcomes govt's small business package

    The Institute of Public Accountants (IPA) has applauded the government’s jobs and small business package, announced last week, calling it a huge step forward in driving small business innovation, productivity and growth. IPA chief executive officer...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  6. IPA urges IGTO to prioritise review into payday super readiness

    the Tax Ombudsman to prioritise a review into payday super readiness for this year, with the start date fast approaching. Last month, the Inspector-General of Taxation and Tax Ombudsman (IGTO) Ruth Owen released a shortlist of proposed reviews for the...

  7. IPA ups focus on ‘social impact’ of accountants

    news comes as research again suggests the stress levels of professionals and business owners is on the rise in Australia. Last week, Robert Half released the results of its latest research, revealing that 76 per cent of Australian CFOs believe the...

  8. IPA to roll out next stage of digitisation strategy in 2020

    digitise our knowledge management with the IPA. So, there’s a lot to do, and it’s really exciting to be a part of.” Over the last several years, the IPA has engaged in rolling over to cloud computing and is now in a position to leverage some of those...

    • Type: Article
    • Author: Maja Garaca Djurdjevic
    • Category: Regulation

  9. IPA pushes for small business guarantee

    The recommendation comes via the IPA’s Australian Small Business White Paper, launched in Parliament House on Wednesday last week. IPA chief executive officer Andrew Conway noted that Australia is one of only a few developed-world countries without such...

    • Type: Article
    • Author: Mitchell Turner
    • Category: Business

  10. IPA members hit by data breach

    Members of the IPA received an email last week after their names and member numbers were leaked. The body has stressed that the breach did not include any personal information. The Institute of Public Accountants has sent an email to all its members...

  11. IPA locks in new software partnership

    with St.George to offer members concessional rates on home loans. The association also announced a deal with Qantas late last year, to incentivise its members via the Qantas Business Rewards program when they attend major IPA events, participate in...

  12. IPA locks in new exec appointment

    Michael Linke, who was executive general manager for member services. Mr Linke departed the IPA in the second half of last year. In July last year, the IPA made significant changes to its professional development and education services, including...

  13. IPA escalates focus on Labor’s $3k tax affairs cap as election draws closer

    cap it at $3,000, the likelihood of a person engaging appropriate tax advice is reduced,” Mr Conway told Accountants Daily last year. “We think it would have disastrous impacts on the community. If you look at the people who are generally deserving of a...

  14. IPA calls on bodies to priortise member interests after 'pressured' year

    had.” ‘Under pressure’ Mr Conway also recognised the governance and transparency concerns over professional bodies over the last two years, calling for bodies to uphold the accounting brand over self-interest. “Our profession has been through a lot. You...

  15. IPA calls for small business finance guarantee

    a state-based loan guarantee scheme for small business. Following opposition leader Bill Shorten’s Budget reply speech last week, in which he announced a package that would partially guarantee loans for some small businesses, IPA chief executive officer...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  16. IPA calls for ASIC’s powers to be stripped

    submission to the Quality of Advice Review took its lead from an interim report from the Australian Law Reform Commission last November “and honed in on ASIC”, Ms Stylianou said. “What they were saying [in that report] was the fact that ASIC can make...

  17. IPA calls for 6-month delay to dob-in obligations

    registered tax agents and BAS agents in understanding their new obligations. Consultation for the draft guidance closed last week. Greco said that the joint bodies have collectively responded to this draft, and are now awaiting a finalised version of...

  18. IPA calls for 'fairer' small business tax policy

    innovators in Australia to encourage growth, productivity and employment,” he said. Mr Conway’s comments come after the IPA last week released the Australian Small business White Paper in which the institute made a number of recommendations that it says...

    • Type: Article
    • Author: Staff Reporter
    • Category: Tax

  19. IPA boss plans ‘vocal’ push for ATO’s digital investment

    got a dashboard and a more modern feel, it’s not clunky or old fashioned,” the IPA’s Tony Greco told Accountants Daily late last year. In saying that, Mr Greco pointed out that tax professionals are “not asking for much” in terms of digital...

  20. IPA boss gets raw on mental health of clients, accountants

    the appropriate tools and systems that enables us all to address this trend,” he said. The findings to date In November last year, the IPA released research indicating 85 per cent of small businesses found engaging an accountant significantly reduced...

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