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  1. “Treasure trove”: Accountants warned on data security

    weak links. According to the Australian Cyber Security Centre, over 6 million Australian adults were impacted by cybercrime last year, with the ATO reporting that over 81,000 scams were reported in 2017–18. As part of Stay Smart Online Week 2018, the...

  2. “SMSF Investment Strategies, don’t get caught in the middle!”

    webinar when we first ran it in May, that we will be revisiting the topic of SMSF Investment Strategies so if you missed out last time, here’s your chance to get up to speed with the ATO’s latest guidelines. DATE: Wednesday 13th July TIME: 2pm AEST...

    • Type: Article
    • Author: MyWorkpapers
    • Category: Business

  3. ‘You’re not an imposter; you’re an amazing accountant’: Xerocon panel

    way it presented itself for me was that when I started my business, I felt like I needed to be the first one there and the last one to leave. When it was identified as imposter syndrome, it was really helpful to know that I’m not the only one that...

  4. ‘You will be caught’ over NDIS fraud, Shorten warns tax agents

    access personalised services and funding. Following a review of the scheme in 2022–23, the government passed reforms last month to rein in the scheme’s costs and improve its sustainability, giving authorities new powers to investigate fraud, refine what...

  5. ‘You may have updates to install’: ATO updates PLS transition timeline

    for any service updates. “We are well over halfway towards the target to be completely in PLS. Since the start of tax time last year 1 July 2017, we had 4 million returns coming through the channel,” said Mr Watson. “Make sure you are reading...

  6. ‘Won’t be solved overnight’: Regulatory focus on cyber security to continue

    The introduction of several new security regulations over the last 12 months have thrust data and cyber security into the limelight but accountants have been cautioned against forgetting about it in the New Year. In February, new mandatory notifiable...

  7. ‘Wide range’ of businesses clients captured by new TPRS regime

    of the taxable payments reporting system (TPRS) regime, which goes beyond the scope of the cleaning and courier industries. Last month, the Treasury Laws Amendment (Black Economy Taskforce No.1) Bill 2018 secured passage in the Senate, extending the...

  8. ‘Why has it taken so long?’: Government pressed to close SG loophole

    a loophole that could be used by employers to short-change employees who choose to make salary sacrifice contributions. Last week, the government introduced Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019, with one of the...

  9. ‘Western Sydney is a powerhouse,’ says KPMG as big 4 firms move in

    growing their presence in western Sydney. Deloitte is the largest, located in Parramatta and Norwest Business Park. In June last year, PwC announced that about 200 staff would be relocated to the Western Sydney University Parramatta campus. It also has...

  10. ‘We’re moving in on those clients’: network boss pushes back on big 4 reign

    for grabs. The big four are coming down into our area as well because they are trying to get more work too,” he added. Late last year, Thomson Reuters secured partnerships with firms such as Deloitte. Strategic alliances director, APAC at Thomson...

  11. ‘We’re listening to tax professionals’, says ATO

    alone to do their jobs,” she said. “I hope that we’ve been able to do that through all the work that we’ve done over the last few years.” During her session at the Accountants Daily Strategy Day, Ms Gallagher will provide progress updates on the...

  12. ‘We’re all responsible’: accountants called to lead change in pay parity

    that the number of ASX 200 companies which have no women around the board table now stands at only five, down from 14 last International Women’s Day. “Today’s report reveals that 2018 has seen the highest rate of female appointments to ASX 200 boards...

  13. ‘We won’t sell’: Reckon talks plans post MYOB fallout

    focus now is on development - particularly of the division’s cloud strategy. “It’s not as if we’ve been doing nothing in the last seven months, we had a cloudification strategy, and we will continue to move forward with those plans,” Mr Allert told...

  14. ‘We were not consulted’: ATO lashed over new partner profit guidelines

    taxed on an “artificially low” share of the business’s profits, has found little support since it was publicly released last month, with the joint professional bodies questioning the legal basis of the draft guidelines. The Institute of Public...

  15. ‘We want to expand’: National network brings firm total to 21

    Wayland board approved the application of Melbourne-based accounting and advisory firm, Rose Partners, to join its network last week. The internal Walker Wayland network has been notified, and staff and management have now transitioned to the Rose...

  16. ‘We need to move into the black’: Big changes underway at CA ANZ

    black.” Chief executive Rick Ellis’ “strategic review” of CA ANZ, which he announced within three months of taking office last year, is starting to take shape in the form of internal policy and personnel changes with aims to ultimately create a...

  17. ‘We hid from the issue,’ ATO says amid fresh compliance push

    hid from the issue of asset valuation,” said superannuation director Howard Dickinson at the SMSF Summit in Adelaide last week. “We can no longer hide from asset valuations. We need to know that they are being appropriately monitored and managed,” he...

  18. ‘We cannot rest on our laurels’: Senator Jane Hume

    said they were shaping the industry and “holding out the torch for other women who will in turn pave their own way forward”. Last year, the federal government released an updated iteration of the 2018 Women’s Economic Security Statement as part of the...

  19. ‘We can’t believe the government is doing this’: Mid-tier up in arms over bankruptcy reform

    discharge from bankruptcy after one year, look set to be passed despite grave concerns from the industry and its regulators. Last month, the Senate Legal and Constitutional Affairs Legislation Committee looked at 20 submissions on the Bankruptcy...

  20. ‘We can’t audit our way out of this’: ATO bosses defend work-related expenses push

    volume of work-related expenses they process. Work-related expenses are a revenue drain for the government though, and late last year ATO commissioner Chris Jordan likened the tax gap created by illegitimate claims to the gap created by corporate tax...

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