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  1. Governance frameworks key to business triumph, accountant says

    take any form, but is crucially important for reminding you to keep on top of important things, like when authorities were last delegated, who holds responsibility for certain tasks and when certain elements were last reviewed,” she said. “The idea of...

  2. Global software firm releases Aussie interim results

    announced its interim results for the six months ended 31 March 2017, revealing strong organic revenue growth in Australia. Last week Sage UK released its interim results for the six months ended 31 March 2017, recording £838 million in organic revenue,...

  3. Global regulators to scrutinise reconciliation processes

    means companies have to compile all their reports that are country-based manually, and the settlement process ends up being last-minute and manual. This, she said, hampers the ability of companies to properly meet inter-country tax requirements, which...

  4. Global ethics body to probe firm culture amid accounting ‘trust crisis’

    International Ethics Standards Board for Accountants (IESBA) said in its three-year Strategy and Work Plan 2024-27 released last week that it was a matter of public interest to prioritise ethics. Without explicitly referring to PwC’s actions in...

  5. Global accounting exec pushes NZ moves on Aussie leaders

    than an ad hoc approach.” Instead, Mr Roy-Chowdhury suggests Australia looks across the Tasman for inspiration, where just last week, New Zealand released the goals and leadership of its Tax Working Group (TWG), aimed at analysing its tax system. “The...

  6. Glimmer of hope in consumer mood, business cautiously confident

    expected mortgage interest rates to rise over the next year against only 5 per cent expecting a cut, down from 15 per cent last month. Westpac senior economist Matthew Hassan said household spending would be weak in the near term. “Today’s release again...

  7. GIC non-deductibility ‘affecting viability of small businesses’, warns tax expert

    into remission applications.” Williamson said that some taxpayers are forced into a corner where bankruptcy is one of the last options, a position when tax agents must begin a support journey for their struggling client. “This journey with clients to...

  8. GIC deduction changes to start ‘at worst time for businesses’, accountants warn

    with high inflation, high interest rates and cash flow constraints, tax professionals and accounting bodies have warned. Last week, the bill to remove the ability for taxpayers to deduct payments of the general interest charge (GIC) and shortfall...

  9. Getting your house in order this year end

    affairs, and those of their clients, in order before year end. As we enter the final weeks of 2023–24, this is the last opportunity to ensure your tax and superannuation affairs, and those of your clients, are in order for this income year. What we know...

  10. Get set for success in 2022

    than they usually do, due the pandemic’s negative effect on many businesses. “ATO planning is cash flow planning. The last couple of years, accountants and bookkeepers have advised clients to keep their lodgements up to date or be really upfront in...

  11. Get aggressive with mortgage payments, says real estate boss

    poised” and any rate rise could catch out overstretched property owners. “One thing that is undeniable over the last five years, is that there are a number of people out there that have overstretched themselves and that will only come to the fore as and...

  12. Get a head start on tax planning in 2021

    are grappling with a vastly changed operating environment as a result of the COVID-19 pandemic that unfolded this time last year. While this month marks the anniversary of mass change for the accounting industry, it’s also a moment to reflect on the...

    • Type: Article
    • Author: Intuit Quickbooks
    • Category: Tax

  13. Generational barriers persist in clients’ push to freelancers

    in comparison to 40 per cent of business owners over 40. About 89 per cent of SMEs that had used a freelancer in the last six months said they are likely to hire a freelancer again, with younger business owners 34 per cent more likely than their...

  14. General transfer balance cap set to rise to $1.7m

    into retirement phase. “Clearly, there’s very little benefit for anyone that started a pension with $1.6 million in the last three years and have used their full cap,” Mr Miller clarified. “Even if they were to commute and try and start again, they’ve...

  15. Gender pay disparity persists in accounting

    where the average taxable income for management accountants was $110,414 for men, compared to $79,513 for women. Last year, Bankwest Curtin Economics Centre director Alan Duncan spoke to Accountants Daily about the gender pay gap in the accounting...

  16. Gender equity in the accounting industry - the opportunity in the new world of work

    Accountants and bookkeepers have faced massive challenges over the past two years, as threats to business continuity, evolving risks and new operating models emerged in response to a completely new operating environment COVID necessitated. These...

  17. Gen X, Millennials driving SMSF growth

    a problem, and there are still too many instances of inappropriate SMSF advice as evidenced by the Compensation Scheme of Last Resort (CSLR) claims. “These are issues that can’t be resolved by the SMSF sector working alone. We’re now a significant and...

  18. GDP grows but slows, while inflation edges lower

    UPDATED: The latest figures from the ABS reveal economic growth last year and show inflation coming off its peak. GDP growth slowed for the second consecutive quarter to just 0.5 per cent according to ABS figures for December, which was down on the...

  19. GBST appoints Aussies to top roles

    Both have already commenced their new roles. GBST was acquired by Australian private equity firm Anchorage Capital Partners last December for $250 million from global financial services giant FNZ. The deal returned GBST to local ownership after only one...

  20. Gaps in ASIC’s accountant crackdown surface

    to ASIC’s crackdown on accountants’ provision of disclosure documents to clients, but there are gaps in ASIC’s announcement last week. Late last week, ASIC said it has found that, in recent fundraisings, some accountants have used trust or company...

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