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  1. Accountants’ data ‘very attractive’ as cyber breaches spike

    an attractive "attack group" given the type and volume of data they retain for clients, and a 15 per cent spike in attacks last financial year has widened the net to include mid-size firms. Earlier this week, the Australian Cyber Security Centre (ACSC)...

  2. Accountants’ confidence at 6-year highs: CBA

    than 80 per cent of accounting firms surveyed by the bank reported stable or growing profits as competition eased over the last 12 months, while others struggled to find and retain talent. The Commonwealth Bank of Australia (CBA) on Thursday released...

  3. Accountants’ cloud lag hits software provider

    are transitioning to cloud-based systems. “Accountants are always busy, they have their head down, doing what they did last year. Finding time to embrace change, finding time to look at new systems and put new things in place, is hard for them to do,”...

  4. Accountants' marketing strategies in line for shake-up

    it right to start with, but said it’s never too late to change your approach. “That's something we made a huge mistake on last year and something that we're actually correcting this year. It’s about the clients, not about you or the firm,” he said....

  5. Accountants' loophole in regulator's sights

    services without a licence on the basis that it was ‘execution only’ is a risky move that could land them in more trouble. Last week, ASIC distributed letters to unlicensed accounting firms after analysing their advertising and corporate websites,...

  6. Accountants' licensing lag 'disruptive' to SMSF sector

    Accountants who leave their SMSF licensing decision to the last minute could see an advice gap form in the SMSF sector, according to AMP. The slow take-up of the limited licensing regime for accountants is persisting as a “big issue” in the SMSF...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Super

  7. Accountants' appetite for robo-advice spikes

    its integration with Class Super will provide a streamlined and simplified tax reporting process for accountants. “In the last 12 months, with the increased spotlight on the robo-advice industry in Australia, we’ve had a lot of interest from IFAs and...

  8. Accountants' apathy now 'a real concern'

    revealed just 48 per cent have begun preparations for the end of the accountant’s exemption, up just 2 per cent from August last year. In response, Kath Bowler, CEO of consulting firm Licensing for Accountants, said this lack of organisation among...

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

  9. Accountants, planners grouped together as new education standards rollout

    must have a relevant bachelor or higher degree, or equivalent qualification, and FASEA’s education guidance released last December proposes that an AQF7 qualification, which is equivalent to a three-year full-time university degree, or an AQF8...

  10. Accountants, leadership and the age of distrust

    sure of a sizable shift in the market. At an otherwise business-as-usual roundtable at KPMG’s new Sydney headquarters late last year, chair Alison Kitchen threw out a show-stopper which confirmed that public distrust is a palpable threat to...

  11. Accountants, industry bodies rally behind Tax Ombudsman's ATO service review

    review into the ATO’s tax agent service, industry members and bodies are pushing for sustainable and meaningful change. Last Thursday (16 October), the Tax Ombudsman unveiled her highly anticipated review into the ATO’s service to tax agents, with the...

  12. Accountants-geared business appoints new head of growth

    for accountants, expressed his excitement to take on the new role as head of growth for ChangeGPS. Reflecting on the last five years, he said, “Everything I’ve loved has been about helping accountants and I think the nine ChangeGPS apps are the easiest...

  13. Accountants warned they could be 'disintermediated'

    that the accounting industry faces. Speaking at the Chartered Accountants Australia and New Zealand National SMSF Conference last week, Mr Smith said he believes complete machine automation of transaction processing will wipe out the bookkeeping...

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

  14. Accountants warned on SMSF documentation traps

    typically there isn’t a sinister element to these failures, rather, just holes in the compliance process. "People just use last year’s documentation and change the date on it and away you go," he said. Gadens partner Kathleen Conroy previously noted to...

  15. Accountants warned on impact of High Court decisions on clients

    or an employee. The outcomes of the two cases are consistent with another High Court decision handed down in August last year, Workpac v Rossato. Mr Butler reminded accountants and advisers that the definition of an independent contractor is critically...

  16. Accountants warned of ASIC shadow shopping

    being warned that the likelihood of them being targeted under the AFSL regime for compliance is even “more intense”. Late last week, ASIC deputy chair Peter Kell said the regulator plans to undertake a series of expanded and additional projects directed...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Super

  17. Accountants want more from industry bodies

    to July 2016 and said CAANZ would be stepping up its efforts next year. “Whilst we have engaged with many members over the last 12-18 months, there are still many we need to engage with," he said. “In 2015, Chartered Accountants Australia and New...

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

  18. Accountants urged to take advantage of gig economy

    of Platinum Accounting Australia and Platinum Professional Training, said the “monumental shift” in employment over the last two years has seen many Australians turning to the gig economy and contracting work. This, she flagged, is presenting ample...

  19. Accountants urged to steer clients through looming lending squeeze

    as they begin to navigate a tighter lending space. “The lending environment is certainly changing and has changed in the last couple of years and certainly with the royal commission now, the lending criteria is getting tighter, so I'm seeing accountants...

  20. Accountants urged to stay alert as dodgy directors in government’s sights

    “Tax debt is a common catalyst of a failing business. The main reason is that failing businesses usually defers tax payment last and prioritise trade creditors, which can allow the business to continue trading. Unfortunately this strategy often fails,...

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