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  1. ‘Covid changed merger dynamics, tech has become a wildcard’

    And people are going, ‘I don't have to be the general. I'm happy to hitch my wagon to a bigger bus, so that not all roads lead to me’.” The attitude of sole practitioners had changed and they were now happy to trade some independence for an improved...

  2. ‘Consult us first’: Government warned against hasty stimulus changes

    cognisant of the implementation risks associated with adjusting current stimulus measures and any reforms,” said CA ANZ tax leader Michael Croker. “Adequate lead times must be provided so that we and the clients we serve have an opportunity to plan and...

  3. ‘Common sense’: Government bows to super tax pressure

    the government and have said it was “common sense” for these changes to be made. Richard Webb, CPA Australia superannuation lead, said the government had finally listened to the concerns surrounding the legislation and the outcome would help make the...

  4. ‘Chase the vision, not the money’: How I help empower accountants

    born from a challenge I was faced with. I was working in a role that I absolutely loved, one that I was hoping was going to lead to more career success; however, there was no formal maternity leave on offer and I wasn’t too keen on being the guinea pig...

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

  5. ‘Bullish’ Moore Australia shakes up leadership team

    growth ahead, driven by a shift from the big four to the mid-market, the firm says. Moore Australia has revamped its senior leadership team and made several promotions across the country with a “bullish” outlook for the year ahead as a beneficiary of...

  6. ‘Broken’ advice system needs accountants to fill gap

    clients want simple, strategic superannuation advice from their trusted adviser – their accountant,” said CA ANZ advocacy lead Simon Grant. “We believe there is, and will continue to be, a need for trusted advisers to look after the financial advice...

  7. ‘Bottom of political barrel’: Profession slams Labor’s attack on accountants ‘rort’

    Opposition leader Bill Shorten has labelled the deductibility of the cost of managing tax affairs as a “rort”, hammering home his plans to limit deductions to $3,000, as the industry hits back. Reinforcing his plans to limit the deductions for the cost...

  8. ‘Billion-dollar blow’: Cash rate hike set to send small businesses scrambling

    notable that the decision of the monetary policy board was unanimous,” Holden said. Gavan Ord, CPA business and investment lead, said the rate hike was set to hit households and small businesses hard as it would compound existing cost-of-living...

  9. ‘Big awareness push’ phase underway as STP deadline approaches

    of businesses have been prompted by the ATO to get started with their Single Touch Payroll provisions, and its project lead at the tax office believes the business community is better prepared than it was for last year’s deadline. Through email and...

  10. ‘Better nation, better conversation’: Spender, Richardson’s take on tax reform

    Spender said. “I want a tax system that works for everyone – prince or pauper. Inequality in our tax system will, I believe, lead to social dislocation.” Richardson noted that despite much room for improvement within the tax system, it was important to...

  11. ‘Be the expert’: bookkeepers called to take command of STP

    Bookkeepers have been urged to be “the expert” as single touch payroll rolls out and lead the charge in helping their business clients implement the software. STP will roll out for employers with 20 or more employees on 1 July 2018, while employers...

  12. ‘Another box-ticking exercise’: CPA, tax lawyer warn of new ATO GIC remission risks

    would “ultimately depend on whether decisions become more consistent and empathetic in practice”. Jenny Wong, CPA tax lead, said the reforms appeared to be a direct response to long standing issues raised by the Tax Ombudsman. “The ATO’s move to...

  13. ‘Aggressive’ 100A audits prompted calls for guidance  

    there’s going to be a sense in which the parties are going to be feeling each other out jockeying through litigation or the lead up to litigation. “The problem with that, philosophically, logically, is [where] you are then required to prove a negative....

  14. ‘Advisory is not for everyone’, but it’s important

    founder and CFO David Maher and Hailston & Co head of advisory Dimitri Matsouliadis sat on a panel alongside Fathom’s sales lead, Gavin Fernandes, to highlight the benefit advisory brings to businesses of all sizes. The overarching subject of the panel...

  15. ‘30% of small business tie-ups with digital marketers end in tears’

    “but for too many small businesses this relationship can be unsatisfactory, and for one-in-three it ends in a dispute.” The lead researcher, Dr Karen Sutherland of Sunshine Coast University, said small businesses and digital marketers needed to talk to...

  16. 'Workaholic' culture persists in accounting industry

    but that it will be detrimental long term. “The risks of being a workaholic accountant, as with any professional, can lead to fatigue and exhaustion,” she said. “Whilst workaholics may deliver results initially, this sort of hyper work ethic isn’t...

  17. 'Unacceptable risk': The Tax Institute raises major concerns with proposed powers for TPB

    The proposed framework for the TPB's interim suspension powers could lead to unjust or disproportionate outcomes for tax practitioners, the institute has warned. The Tax Institute has raised concerns that draft laws to implement interim suspension...

  18. 'Stop and ask why': ATO issues urgent warning on SMSF setups

    investment schemes. Australians considering an SMSF are being encouraged to proceed with caution, as regulators and SMSF leaders look to crack down on high-pressure sales tactics, unlicensed advice and investment schemes that may not align with...

    • Type: Article
    • Author: Matthew Taylor
    • Category: Super

  19. 'Punitive' GIC changes may trigger business failures, warns Tax Institute

    have significant consequences for the wider economy," the submission said. "A potential rise in business failures could lead to increased unemployment, reduced consumer spending, and slower economic growth, creating a cycle of hardship that affects not...

  20. 'Perfect storm' to upheave SMSF accounting and audit space

    Mr Levy continued. Whilst the upheaval has increased pressures for practitioners, there are also new opportunities that can lead to a stronger industry in and of itself for SMSFs, according to Mr Levy. “Things like the quality of the financial...

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