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  1. A chance for real reform

    change and improvement in the tax system, but now the government must take advantage, says Sian Sinclair, national industry leader, real estate and construction, at Grant Thornton. “It’s been a long time since the government has been this frank with us...

  2. 90k taxpayers tipped to be worse off in ‘outrageous’ $3k tax advice cap

    in excess of $3,000,” said Mr Pascall. “If the maximum deduction is limited to $3,000, we are concerned that this cap will lead taxpayers to limit their advice to a dollar amount, not what is required for them to have their tax affairs in proper order....

  3. 80 years of discretionary trust use undermined by trust tax changes: CPA

    a trust is simply the structure they’ve used for years to run their business and protect family assets,” CPA Australia tax lead Jenny Wong (pictured) said. In its submission, CPA Australia warned that an unnecessary and significant cost burden will be...

  4. 8 months after suicide, nervous EY staff await review ‘in weeks’

    it would slash around 3,000 jobs while the UK division put its staff on notice of cuts. In the wake of the news, Australian lead partners were told to draw up lists of staff for “performance management” but the firm denied it had any job cut plans....

  5. 7 tips to future proof your practice PLUS access downloadable resources that will help you hit your growth goals

    tools they will immediately benefit from available through QuickBooks include DEXT, ServiceM8 and Tradify. As a thought leader in accounting and bookkeeping, you can also lead the way with the cloud, by making the most of QuickBooks’ tools and features....

    • Type: Article
    • Author: Intuit QuickBooks
    • Category: Technology

  6. 7 steps for launching a new advisory service

    capacity and time constraints. 7. Accountant advocacy This can be a key deal-breaker or -maker for the new service. As leaders of the business, and as the trusted partners of their accounting clients, senior accountants need to take charge and lead from...

  7. 7 figures, safe harbours, and cash flow: What Star Recruitment v Smith means for directors

    the safe harbour period, but do not mandate that one must. As Her Honour observed, the plaintiff's interpretation would lead to an "internal inconsistency" within the provision: parliament expressly specified a safe harbour period for director...

  8. 6 Practical Steps to Writing Realistic Position Descriptions for Accountants

    the previous employee Tasks to be removed or added if any of the work will be transferred within the business Supervisory or lead responsibility Budget responsibility (if any) Work hours Is there still a requirement for this role at all? Get the full...

  9. 6 cash control tools every business should monitor

    signatories This is an often overlooked aspect of cash management. If not considered seriously enough, oversights can easily lead to fraud or hold up payments due to the unavailability of one or two people. Neither scenario is desirable, and both impact...

    • Type: Article
    • Author: CashFlowMapper
    • Category: Business

  10. 5-day office mandate picking up steam in employers, Robert Half reveals

    A shift among Australian employers is emerging, with more beginning to mandate five days in the office as they follow the lead of other businesses. Research conducted by Robert Half has found that Australian employers are being influenced by other...

  11. 5 tips for accountants

    account so a new pension can restart on 1 July in the next financial year. Pensions that fail to meet the standards lead to unnecessary expenses and taxes in the year of the breach and the commencement of a new pension in the subsequent financial year....

    • Type: Article
    • Author: Graeme Colley, SuperConcepts Executive Manager, SMSF Technical and Private Wealth
    • Category: Business

  12. 5 common accounting mistakes SMEs must avoid in 2025

    process that can do major damage to the accounting of a small business. Typos, missing numbers, or misplaced decimals can lead to incorrect financial records, affecting everything from tax reporting to cash flow management. One missed decimal point can...

    • Type: Article
    • Author: Rakesh Prabhakar, Zoho
    • Category: Business

  13. 5 areas your practice needs to focus on for the future of tax

    people find new ways of connecting through digital means. Experts also believe that the democratisation of knowledge will lead to greater transparency – and easier access to – information, which may change the way taxpayers and authorities interact with...

    • Type: Article
    • Author: APS Software
    • Category: Tax

  14. 40,000 on board with STP but big deferrals slow take-up

    The feedback from those reporting has been so positive [about] the software developers,” Assistant Commissioner and STP lead at the ATO, John Shepherd, told Accountants Daily. “It took us quite a long time to get the design right. But we did that in...

  15. 4 industry trends to be aware of for FY19

    500 accounting professionals and a group of industry experts on technology and compliance trends in the industry. In the lead up to EOFY, we surveyed almost 500 accounting professionals and conducted a roundtable discussion with industry experts to...

    • Type: Article
    • Author: InfoTrack
    • Category: Business

  16. 4 areas of focus in 2017

    dedicated roles similar to that of a technology service-based organisation. This can allow for diversified skill sets, focus lead departments and will truly complement, cloud-heavy accounting firms. Expect to see more firms investigating some of these...

  17. 3 tips to prepare for Tranche 2 of the AML/CTF Act

    concerning that a large majority of the profession are unaware of what it will mean. Earlier this year, we sat down with leading industry experts to discuss the implications of Tranche 2 and develop an AML/CTF Guide. Here are three ways you can prepare...

    • Type: Article
    • Author: Infotrack
    • Category: Business

  18. 3 tips to manage your credit score

    high interest options you will maximise the chances of maintaining a good credit score. Too many business loan declines may lead to inability to access financing The more credit applications you get refused for and the more credit applications you...

    • Type: Article
    • Author: Tino Ho from Bigstone
    • Category: Regulation

  19. 3 out of 5 small businesses yet to take up STP as 30 September deadline looms

    the ATO and, importantly, to understand their reasons for the delay.” A concerted effort Mr Lucchese, who took over the STP lead role from former assistant commissioner John Shepherd in June, said the ATO has been ramping up its STP marketing push,...

  20. 3 in 4 sole operators feel lonely and isolated, research reveals

    per cent frequently worked late evenings. The respondents did note certain mechanisms would help decrease these issues and lead to a better, well-rounded lifestyle. Twenty-three per cent said time off and extra support would help, 23 per cent wanted to...

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