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  1. Intuit Australia posts massive subscriber growth

    growth to adopters of mobile technology. Intuit Australia revealed that it had surpassed 100,000 subscribers, up from 53,000 last year, in the 12 months to 31 July this year. Intuit Inc’s global revenue grew by 10 per cent year-on-year, up to $5.2...

  2. Intuit ‘won’t artificially price’ new bookkeeping service

    has sought to reassure that its new bookkeeping service will not undercut the local market by being artificially priced. Last week, Intuit launched QuickBooks Live in the US, offering the ability for a small business to link up with an independent...

  3. Introducing standard deduction ‘not a high priority’

    you don’t have to have all of your receipts for small amounts, but you still got to explain what you spent the money on.” Last year, the House of Representatives Standing Committee on Tax and Revenue’s long-awaited Inquiry into the Taxpayer Engagement...

    • Type: Article
    • Author: Jotham Lian
    • Category: Tax

  4. Introducing Shoebox Payroll; a Platform for Better Payroll Efficiency

    group of over 50 bookkeepers and accountants, here at Shoebox Books and Tax, we’ve come across plenty of clients over the last decade that have found themselves up late triple checking and finalising paycheques for their employees, wishing there was a...

  5. Interrogation claim from accounting firm puts heat on ATO

    firm that claimed there were “interrogated” by the ATO while acting on behalf of their clients. In a parliamentary hearing last week, Senator Cory Bernardi raised an issue brought to his attention by an unnamed accounting firm that claimed that they and...

  6. International student caps to worsen accountant shortage, joint bodies warn

    settings to erode living standards, overburden our infrastructure and exacerbate housing shortages in our communities.” Last year, Labor tried to give the education minister powers to cap international student enrolments depending on the education...

  7. Internal mobility ‘magic ingredient’ for staff retention: LinkedIn

    global economic climate, it is likely that the hiring rate will continue to decelerate from the historical highs of last year,” the report said. LinkedIn found the labour market in the Asia-Pacific region remained tight, with many countries reporting...

  8. Internal CGT education first step for accountants, tax specialist says

    have emerged following these announcements are unprecedented. “You probably have to go back quite a long way [since] the last time we had really significant change. This is not the way it normally happens,” Montani said. While acknowledging the...

  9. Interim boss confirmed for accounting network

    Count Financial has named its acting chief executive, as the hunt begins for David Lane’s replacement. Late last week, Australian fund manager Perpetual announced that, from April this year, Mr Lane will be joining the ranks as group executive,...

  10. Interest rate increase ‘to quash seasonal hiring spike’

    hours. “It is likely we will still see seasonality hiring drop off over the summer trading period compared to the same time last year as businesses seek to recoup losses,” he said. The latest Employment Hero data for September showed staff growth of 6.6...

  11. Interest in super surges across Gen Z, Millennials

    The Super Projection Calculator also recorded a surge in usage, with Millennial engagement up by 316 per cent over the last five years. Hancock said Gen Z was the fastest-growing group using superannuation tools, with engagement nearly seven times...

  12. Intangible risks demand business resilience

    risk and reputational risk mean both accounting firms and their clients need to develop robust crisis management processes. Last week, BDO released the results of its Global Risk Landscape 2017 Survey in a report revealing that cyber risk is the main...

  13. Institutional, big 4 exec hires mark service line boosts for Grant Thornton

    its advisory operations, marked with a merger with Victorian-based consulting group GNC Group Consulting in September last year.

  14. Instant asset write-off the latest ‘political football’, says NTAA

    pending legislation relating to these key depreciation concessions for small businesses, a measure first announced in May last year. Other tax professionals have similarly labelled the situation “absurd” and are concerned the latest instant asset...

  15. Instant asset write-off measure for 2024–25 introduced into Parliament

    political parties in disagreement over what the measure should be set at and what businesses should be able to use it. Last month the the Assistant Treasurer moved that the House insist on disagreeing with amendments insisted on by the Senate. The House...

  16. Instant asset write-off crucial for SMEs, says ACCI

    write-off budget measure in this fortnight's sitting. The business network noted the measure was originally announced in last year’s budget for the 2024–25 financial year before it was withdrawn from the Senate without warning. ACCI CEO Andrew McKellar...

  17. Inspector-General of Taxation welcomes grant of additional powers

    of Taxation and Tax Ombudsman has been granted new powers as part of the government’s response to the Robodebt scheme. Last Wednesday, the government granted the Inspector-General of Taxation and Tax Ombudsman (IGTO) new powers in response to the Royal...

  18. Inspector-General knocks ATO boss’ tax agent blasting

    has risked further damaging a fragile working relationship with the profession. At the Tax Institute’s National Convention last month, Mr Jordan took another swipe at tax agents in the context of its work-related expenses crackdown, saying the results...

  19. Insolvent financial firms put $692m of claims in limbo, AFCA reveals

    The compensation scheme of last resort will be crucial for almost 5,000 complaints on hold due to company wind-ups. More than $692 million is being pursued in almost 5,000 open cases involving insolvent companies before the AFCA, the financial...

  20. Insolvency spike presents opportunity for accountants

    An increase in personal insolvencies over the last quarter offers a chance for accountants to bolster their service offerings to new and existing clients, according to a solvency and forensic accounting firm. Last week the Australian Financial Security...

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