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  1. Firm fined over misleading statements

    An accounting practice has paid an infringement notice penalty after making potentially misleading statements about the cost of setting up a self-managed superannuation fund. The firm, Your Super Accountant, was fined $2,040 after making...

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

  2. When selling an accounting practice ...

    from the practice has not reached the previous levels represented by the seller. There are a number of issues that regularly lead the buyer to refuse to pay the retention sum when the time comes. They are generally packaged up under the claim that the...

  3. Deloitte acquires boutique firm

    Deloitte Private has today announced the acquisition of a leading Western Australia-based tax and advisory firm. KD Johns and Co will join Deloitte’s Perth office effective 1 October 2014. The firm provides tax and advisory services to many of Western...

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

  4. Deloitte announces another big name recruit

    Deloitte Australia has announced the appointment of a globally recognised crisis management expert to lead its Australian Crisis Management business. Graeme Newton, formerly the chief executive of the world-renowned Queensland Reconstruction Authority,...

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

  5. CPA slams idea of apolitical tax commission

    to be fought on the issue. “Tax reform will only happen if it’s led by the Commonwealth. The Commonwealth must take the lead on it and we expect that they will,” he said. To implement reform successfully, the government will have to sell a whole...

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

  6. FSI report identifies potential 'tax issues'

    otherwise would if GST was applied to these services," the report stated. Conversely, the report indicated the GST may also lead to less businesses consuming advice. "Because the GST is embedded in prices charged to businesses but not charged...

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

  7. KPMG announces new partners

    director joins the firm’s Direct Investments team to support the momentum in M&A activity; and a new partner will also lead KPMG’s Pursuits team, with the incumbent partner promoted to a global position. Twenty-four percent of KPMG’s new partners are...

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

  8. ICAA and NZ chartered accountants join forces

    has been the new organisation being the most relevant service to our members, particularly with the focus on education and leadership and advocacy,” added Mr White. “The new body will directly benefit members through the robust, responsive and relevant...

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

  9. Warning on international information exchange

    to work, such as birth dates and places of all individuals • The lack of any materiality criteria in the CRS, which could lead to significant compliance costs where revenue loss is not material • The concerns of confidentiality of taxpayer information –...

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

  10. Insolvencies set to spike

    of the federal Budget, government departments are finalising budgets and resources for 2014/2015, which Mr Cribb said will lead to the ATO ramping up tax debt recovery efforts and the likelihood of all forms of insolvency appointments increasing in the...

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

  11. NSW budget shows widening fiscal gap

    for debate on both federation and tax reform, following this week’s NSW budget. Iain McGuire, the firm’s NSW government lead partner said changes to commonwealth funding mean the time for debate is now. “The budget identifies a widening long-term fiscal...

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

  12. Lifestyle markets lead resale losses

    Close to 10 per cent of homes sold in the March quarter recorded a gross loss from the original purchase price, according to RP Data. The research and data company’s March 2014 quarterly Pain & Gain report revealed that of the 64,518 residential...

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

  13. ASIC suspends auditor for five years

    ASIC has accepted an enforceable undertaking (EU) from the former Banksia lead auditor, suspending him until 2019. As part of an ongoing investigation into the collapse of Banksia Financial Group (Banksia Group), ASIC has suspended Warren John Sinnott...

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

  14. APESB names new chair

    and health minister Nicola Roxon as its new chair. Interim chair Stuart Black said Ms Roxon’s extraordinary success as a leader along with her experience and proven skills make her eminently qualified to lead the APESB into the future. “Ms Roxon brings...

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

  15. 'Innovate and adapt', says Deloitte

    of customers in new markets, according to Deloitte. Releasing a new report, Australian Business Trends 2014, Selwyn D’Souza, lead strategy partner at Deloitte, said Australian companies must capitalise on proximity to the growth markets of Asia and take...

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

  16. The key to successful leadership

    for being a respected and successful boss. Nick Deligiannis, managing director of Hays in Australia and New Zealand, said leaders must take stock of their management style as it is all too easy to slip unconsciously into poor behaviours without even...

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

  17. Australia cautioned on complacency

    the money wants to come flooding back the other way and people want to get out, there’s no road there,” he said. “This will lead to volatility in the illiquid asset class.” The Institute of Chartered Accountants' head of leadership and advocacy, Rob...

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

  18. MYOB strengthens its online capabilities

    enhance their client relationships. “From our perspective as an accountant, the increase in connection to our clients will lead to more client engagement, allowing us to seamlessly partner with the client to achieve their goals,” he said. “This also...

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

  19. Ignoring GST is costing small business

    such as insurance, motor vehicles, conveyancing and payroll; enable reductions in corporate and personal tax rates; and lead to an increase in productivity and economic growth for Australia, said Mr Malley. “We have to stop thinking of tax reform as...

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

  20. Have you got the right skills for the job?

    meaning professionals must adapt their skill sets to remain relevant in the marketplace, according to Adrian Batty, national lead partner, business advisory services with Deloitte Private. Mr Batty told AccountantsDaily the growing trend of financial...

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