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  1. CPA and CA ANZ designation now recognised by FASEA

    body would now continue to lobby for “maximum recognition”. “Having worked hard with, and alongside, FASEA over the last 18 months to lift standards, the next step is to continue to engage with them to clarify what studies will count for further...

  2. CPA ‘vanity project’ spotlights accountant, licensee frictions

    member, if the Institute set up a financial advice business to compete with my practice I’d be absolutely livid. The last thing a professional expects or wants is for their own professional body who regulates your conduct to start competing with you,”...

  3. COVID-19: Business hibernation strategies

    While this strategy does not conserve cash in the short term, it does at least reduce the business’s liabilities. As a last resort, consider standing down staff or doing layoffs. Also consider whether you may still be able to access JobKeeper payments...

    • Type: Article
    • Author: Manda Trautwein, William Buck
    • Category: Business

  4. COVID-19 payments to individuals, businesses to be tax-free under law change

    $750 a week, while those who lose between eight and 20 hours will receive $450. Up until the Prime Minister’s comments last Thursday, official guidance from the Treasury, the Tax Office and Services Australia all stated that COVID-19 disaster payments...

  5. COVID-19 claims 6% of jobs in 3 weeks

    the pandemic was declared, meaning 780,000 people lost their jobs by 4 April. A majority of the job losses came in the last week of March ending on 4 April, when the government started enforcing strict restrictions that saw the closures of a number of...

    • Type: Article
    • Author: Jotham Lian & Aidan Curtis
    • Category: Business

  6. COVID compliance holiday coming to an end, says ATO

    post-COVID, acting assistant commissioner Sylvia Gallagher said. Speaking at the Accountants Daily Strategy Day in Sydney last week – and again at the event in Melbourne on Wednesday (9 March) – Ms Gallagher warned that the ATO would take a firm line on...

  7. Court rules in favour of ATO in dispute over WFH deductions

    office was the taxpayer’s “workplace for the year” and that the rent claimed was not purely private or domestic. However, in last week's decision, the Federal Court found that the tribunal had erroneously treated a single outgoing as two outgoings: one...

  8. Court dismisses appeal in SMSF property development case

    which found that a former builder had breached their fiduciary obligations in a joint venture agreement involving an SMSF. Last year, the District Court of South Australia ordered a former builder to pay damages to an SMSF for the breach of fiduciary...

  9. Court decision offers clarity on varying trust deeds to remove an appointor

    of all persons nominated as Appointors pursuant to the terms of this Deed, by the legal personal representatives of the last to die. Where a corporation is the Appointor, the corporation may exercise or concur in exercising any of the powers or...

  10. Court clears way for TPB to deregister Ballarat tax agent after fiduciary breaches

    of fiduciary breaches has failed to secure a stay of TPB proceedings seeking to revoke his registered tax agent status. Last Friday (2 January), the Administrative Review Tribunal (ART) declined to grant a stay in Tax Practitioners Board proceedings...

  11. Court action ‘now ATO’s first resort for non-compliant sole traders’

    so passionate about that they forget.” Almost 785,000 of Australia’s businesses are sole traders, a slight decline from last year according to the fresh ABS data. Ms Ross said there was a tendency for sole traders to prioritise debt owed to familiar...

  12. CountPlus unveils brand transformation

    Limited after an overwhelming proportion of shareholders voted in favour of rebranding in an extraordinary general meeting last week. Chief executive Hugh Humphrey said the change signalled a dynamic new phase for the company and represented a...

  13. CountPlus sells audit business to rival

    its business and focus resources on tax and business advisory services. The firm’s Western Australian outpost was the last CountPlus member firm to offer audit services, said newly appointed Bentleys WA managing director Fab Fanayan. “CountPlus has made...

  14. CountPlus sees profits jump following recent acquisitions

    he said. CountPlus will pay a fully franked dividend of 1.25 cents per share at 1H2021, consistent with the same period last year.

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

  15. CountPlus reappoints CEO

    its business and focus resources on tax and business advisory services. The firm’s Western Australian outpost was the last CountPlus member firm to offer audit services, said newly appointed Bentleys WA managing director Fab Fanayan at the time....

  16. CountPlus profit leaps, raises dividend

    we have a stable platform and well-defined pathways for growth in each segment.” Mr Humphrey stepped into the CEO role last month after previously working as general manager of NAB’s consumer bank. It came after CountPlus announced in February that a...

  17. Countplus launches new accounting business

    able to acquire direct equity in their businesses. Barry McGee has been appointed Blue789 chief executive. Countplus Limited last week reported a half-year consolidated net profit before tax result of $8.73 million (down 7.4 per cent) and a net profit...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  18. CountPlus eyes more advice firms as profit grows

    growth in profit after tax to $2.7 million for the six months to 31 December 2019, up from $2.6 million in the same period last year. Revenue also grew by 8 per cent to $38.8 million, from $35.9 million in the previous corresponding period. The EBITA...

    • Type: Article
    • Author: Aidan Curtis & Sarah Simpkins
    • Category: Business

  19. CountPlus appoints CEO and CFO

    CountPlus board for its confidence in his ability to lead the company and harness its executive leadership group. “Over the last several years, I have observed a rejuvenated CountPlus and Count Financial, and I feel privileged to join this strong...

  20. CountPlus acquires stake in Melbourne CA and financial planning business

    CountPlus’ third acquisition in six months, following a minority stake in Victoria-based O’Brien Accountants & Advisors last year after its change in business model, and the acquisition of Coffs Harbour firm Kerry Albert & Co earlier this year....

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