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  1. 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...

  2. 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...

  3. 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.”

  4. 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...

  5. 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...

  6. 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...

  7. 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....

  8. 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...

  9. 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...

  10. 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...

  11. Accountants outshine financial peers for ethics

    planners (18 down to 16). Even tax agents have fallen from 27 to a net score of 26 while mortgage agents were unchanged from last year with a net score of 9. However, within the corporate sector chief financial officers bucked the trend and saw their...

  12. Accountants oppose FSI's SMSF stance

    you agree with the FSI's recommendation to ban direct borrowing in SMSFs?” to which 186 (65 per cent) said no. In December last year, the FSI recommended the removal of the exception to the general prohibition on direct borrowing for limited recourse...

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

  13. Accountants offered $8m stake in Panalitix

    in Perth?', wherever they happen to be.” The offer was first announced to Panalitix clients at a conference in Bali last week, while clients who did not attend will formally be presented the opportunity in a webcast today. From conference attendees...

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

  14. Accountants not seen as strategic partners by SMBs

    15 per cent of all businesses view accountants as strategic partners, Agile reported. This does represent an uptick from last year’s score of 10 per cent, but ultimately, accountants currently have an “under-leveraged position” with their clients, the...

  15. Accountants not lagging on licensing, trainer argues

    to become authorised representatives has been considerably higher. “The numbers of [accountants] were very big for us in the last six months of 2015 and the first three months of this year,” he told AccountantsDaily’s sister publication SMSF Adviser. Mr...

  16. Accountants need to move on licensing now, says ASIC

    know whether that will turn about to be the case, but if it is, well we’ve received about one per cent,” Mr Kell said. “The last figure that I’ve been provided with was 105 applications. We’ve approved 44, some are currently being assessed but quite a...

  17. Accountants must prepare for anti-money laundering reforms now, warn experts

    an effective compliant framework tailored to their practice,” they said. “It will be critical not to leave it until the last minute. If they provide a designated service before enrolling, there’s only 28 days to enrol and comply with a range of...

  18. Accountants must look after themselves against ‘whiplash’ of tax reforms

    optimal service levels and personal wellbeing. Almost from the moment Treasurer Jim Chalmers delivered the federal budget last month, it was dubbed the ‘tax advisory budget’. The fundamental shifts in how the Australian government intends to tax wealth...

  19. Accountants must keep ‘watchful eye’ on financial abuse

    insufficient details so that they do not fully understand the true nature or extent of their tax position or tax debt.” Late last year, Smith told Accountants Daily that accountants needed to do their part in helping protect the finances of their...

  20. Accountants losing ground in SMSF space

    looking to set up an SMSF cited property investment as a reason for establishment, up from 34 per cent at the same time last year. Twenty-one per cent of those planning to set up an SMSF also cited access to borrowing within superannuation as a driver...

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