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  1. Law changes could 'incentivise' bankruptcy

    people into insolvency," he said. "Given the high number of Australians in financial stress, these changes will lead to an explosion in the number of consumer-related bankruptcies. "But even more worrying is the fact that everyday working Australians...

    • Type: Article
    • Author: Staff Reporter
    • Category: Tax

  2. Fin services 'most trusted', says Deloitte

    they entrust their personal data, are reliable, and that they treat their information with respect," said Deloitte national lead partner, cyber risk services, Tommy Viljoen. "One of the most telling findings in this year's consumer survey is that 94 per...

    • Type: Article
    • Author: Staff Reporter
    • Category: Tax

  3. Litigation likely with new LRBA structures

    taking shortcuts when amending loan documents for clients with LRBAs on non-commercial terms, with any mistakes likely to lead to significant expense and potential legal action. The ATO confirmed last year it expects trustees to have borrowing...

    • Type: Article
    • Author: Miranda Brownlee
    • Category: Business

  4. Merger to create third largest accounting association

    and consulting firms in the world. Allinial Global’s president and CEO Terry Snyder and IAPA’s CEO Stephen Hamlet will lead a team of representatives from both associations into further discussions. The proposed combination is subject to the execution...

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

  5. Budget empowers ATO tax avoidance crackdown

    of an all-new taskforce. As part of the 2016-17 budget, the establishment of a new Tax Avoidance Taskforce will lead the renewed crackdown on multinational tax avoidance, with the ATO providing an additional $679 million in funding over four years to...

  6. ATO warns against profit shifting

    of taxpayer alerts as an early warning to taxpayers and their advisers about emerging profit-shifting arrangements that may lead to tax avoidance. “Taxpayer alerts set out our concerns on emerging practices,” Mr Hirschhorn said. “They are an effective...

    • Type: Article
    • Author: Staff Reporter
    • Category: Tax

  7. Deloitte appointment enhances e-commerce offering

    established an e-commerce delivery centre in China, co-led the organisation's Asia Pacific launch and was the technology lead on some of the world's largest e-commerce implementation projects. “John brings significant expertise in business and digital...

  8. ATO plans SMSF registration revamp

    of the ATO’s “reinvention” program, the regulator is looking to address the processes around SMSF registration that can lead to unnecessary hold-ups, ATO assistant commissioner Kasey Macfarlane told SMSF Adviser. “Currently a lot of things go on in the...

  9. Big four firm snares leading tax law practice

    Norton & Smailes, a Perth-based specialist tax law practice. Chris Smailes will join EY as a partner to establish and lead EY Law in Perth, with Daniel Fry also joining the firm as a partner. Richard Norton and Alan Krawitz will join as directors, along...

  10. Mid-tier snaps up two former big-four partners

    been appointed by Crowe Horwath as corporate finance and tax advisory principals respectively. Mr Pascall served as KPMG’s lead tax partner for Energy & Natural Resources (ENR) in Queensland, whilst also serving as chair of the KPMG National ENR Tax...

  11. Why you might consider outsourcing

    is time not spent contacting new clients or providing additional value to your current clients – both activities that could lead to business growth. By outsourcing these types of functions, your focus will remain firmly on what your business does best.

  12. SMEs lead calls for company tax cuts

    Australian SMEs have voiced their opinion on a cut to company tax, claiming that it will keep the country competitive on a global scale. The latest SME Snapshot from cloud accounting provider MYOB has shown that 53 per cent of the 400-plus SMEs...

  13. Mid-sized business missing out, says Grant Thornton

    create a simpler life for the engine room of the economy: mid-sized business,” said Greg Keith, Grant Thornton CEO. In the lead up to the budget, Grant Thornton has urged the government to invest in Australia's mid-sized innovators, support access to...

  14. Boutique proclaims benefits of philanthropy

    giving us a boost in staff morale," he said. "When we discussed implementing the programme the staff were very eager to lead and engage with the idea. They've worked together to decide which local charities will receive funding and this has created a...

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

  15. Accountants and planners ‘turf war' set to escalate

    compliance, accountants have long enjoyed a system that closely mirrored self-regulation; but changes to SMSF advice will lead to a higher level of monitoring and regulation. Mr Clatworthy agreed, noting that “typically, accountants look backwards, with...

  16. Technology and the future of accounting

    advice Conduct a needs analysis – being armed with analytics and a better understanding of your client’s business will lead to a more positive discussion Produce a proposal including a roadmap and clearly outlined goals These new and reliable revenue...

  17. MYOB seeks to close super gender gap

    savings to fund a comfortable lifestyle throughout their retirement. I hope to see more organisations following the lead set by MYOB and others in addressing this issue." She concluded: “By supporting our employees in both their personal and their...

  18. Xero expands Asian presence, appoints new regional MD

    Xero has appointed Alex Campbell as regional managing director. Joining from STW Communications Group, Mr Campbell will lead Xero’s growth into Asia, focusing initially on the key markets of Hong Kong, Malaysia and Singapore. “I am excited at the...

  19. Technology investment should go beyond automation and mobility

    the most recent Beaton Research Accounting Market Pulse report for FY16 commissioned by Commonwealth Bank, larger firms are leading the way on technology, with 40 per cent looking to increase tech investment over the next six months, compared with just...

  20. PwC CEO reappointed for further 4 years

    of the board of partners of PwC Australia Michael Happell made the announcement this week that Mr Sayers will continue to lead the firm for four more years. It is my pleasure to announce that Luke Sayers will continue as chief executive officer of PwC...

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