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  1. Accountants urged to ramp up ATO debt clearance

    Daniel Riley. He said the ATO had resumed its debt collection activities across the small-business sector after a pause last year during lockdown. “This means businesses need to really focus on clearing the debt as the ATO pursues harder collection...

  2. Accountants urged to hike fees as new rules squeeze industry

    start on 1 August. After intense industry backlash over the obligations and short implementation time frame, Jones announced last week that small firms with fewer than 100 employees would be given until 1 July next year to comply. The start date for...

  3. Accountants urged to ‘get their act together’ on advice

    cent who would turn to a licensed accountant to meet those needs. Further, a report by Investment Trends found that over the last 12 months, trust levels have fallen most severely for banks and financial planners to below five out of 10, and into the...

  4. Accountants urge home buyers to weigh cost of dodging stamp duty

    made online comparing it to the cost of stamp duty. He said those eligible who had purchased their first home late last year could also swap over and receive a refund on their stamp duty. “The new choice is empowering first home buyers to get a foot on...

  5. Accountants told to take note of ASX changes for SME clients

    lunch earlier this week, corporate advisory partner Nicholas Guest spoke about changes to the ASX listing rules late last year and the change in approach from ASIC as the regulator of capital markets. “Last year [ASIC] released a report on the due...

  6. Accountants told to take heed of new consumer trends

    use. Mobile technology has well and truly overtaken desktop computers as users’ choice of device to access the internet. Last year Zenith Media predicted that 79 per cent of internet use will be on smartphones and tablets in 2017, up from just 40 per...

  7. Accountants to gain client credit risk transparency through new partnership

    however, has confirmed that it will not implement a universal pause on all compliance work, a departure from its position last year where it halted all debt and lodgement campaigns in light of the COVID-19 pandemic. “We have not halted our debt and...

  8. Accountants tipped to benefit from competition boost

    more competition in the banking and loans sector, as accountants and small business increasingly struggle to secure finance. Last week, the government released draft legislation to introduce a Consumer Data Right (CDR), which will provide individuals...

  9. Accountants sweat on ‘non-stop’ wave of ATO super audits

    superannuation contributions at unprecedented levels in the wake of criticism by the Australian National Audit Office (ANAO) last year, accountants say. They report a "huge" shift in superannuation audit volumes as well as a change in audit triggers and...

  10. Accountants stuck in ‘holding pattern’ at ASIC

    said. “ASIC made it very clear in the media in the lead-up to 1 March, but I guess it’s human nature to leave things to the last minute. Accountants did that, and now they’re suffering,” she added. However, Ms Bowler reiterated ASIC’s very public...

  11. Accountants spy elder abuse spike as mortgage stress sets in

    looking to risky tax strategies to boost their repayment capacity. Research house Digital Finance Analytics (DFA) late last year showed about 29.7 per cent of households — 921,000 — are under “mortgage stress.” About 24,000 households are under “severe...

  12. Accountants shine as record dispute stats released

    to liability. The Financial Ombudsman Service’s (FOS) annual review shows only four disputes about accountants were accepted last year, compared to 524 for financial planners. Disputes spiked by 16 per cent overall, with the lion’s share directed at...

  13. Accountants set to lobby employers for pay rise in 2017

    as the basis of their negotiation. “Provide proof of your successes and any additional duties you’ve taken on since your last pay rise,” he said. “Show your manager how valuable you are and back up your request with evidence of current market salaries.”

  14. Accountants self-sabotaging their job search

    ‘I have been afraid of public speaking for a long time, but recently completed a course in this area and gave a presentation last week to my boss, which I’m really proud of.’” 7. No digital skills: “All jobs now have a digital element so make sure you...

  15. Accountants see surge in ethics ranking

    of all sectors, accountants continue to be perceived as most ethical, with a net score of 39 per cent, up from 30 per cent last year. Tax agents come second at 28 per cent, an increase from 20 per cent last year. Their scores ranked favourably when...

  16. Accountants risk forgoing licensing until 2019

    applications have been submitted, with only 31 per cent of applications granted. “Some accountants are waiting until the last minute to lodge their licence application, but there are risks to this approach,” Ms Lumsden Kelly stated. “If you don’t lodge...

  17. Accountants relied on heavily as NSW opens COVID-19 grant program

    from 26 July, with eligibility requirements expected to be published this week. Announced by Prime Minister Scott Morrison last week, the JobSaver initiative will provide businesses between $1,000 and $10,000 a week to help them retain employees....

  18. Accountants reject AFSLs despite SMSF push

    during the three-year transition period of July 2013 to July 2016. A further 66 per cent of applications were made in the last four months of the transition period, and 38 per cent of applications were lodged in June 2016. ASIC has publicly and...

  19. Accountants recognised in Queen’s Birthday Honours 2020

    to accountancy”. Mr Rudd has been actively involved with charities Sydney Legacy and St George Sutherland Legacy over the last two decades, holding numerous roles including honourary auditor and honourary treasurer. “In this list, we see all the...

  20. Accountants pushed on fee shakeup to avoid ‘nails in coffin’

    partially born out of the fact that the accounting profession has looked very similar for a very long time. But in the last five to 10 years, the ATO is now a major provider of online tax services for end users, and there is a race to the bottom with...

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