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  1. Proposed super measures could lead to ‘unacceptable’ NALI breaches

    A major accounting body has warned about the interaction between the government’s proposed measures around third-party payments by super funds and the non-arm’s length income requirements for SMSFs where they are unable to obtain certain evidence. In...

  2. Big 4 crowned top workplace for dads

    had to be made available for a minimum of 12 months after the birth. Deloitte’s inclusion, diversity and wellbeing national lead partner, Margaret Dreyer, said the achievement was an endorsement of the firm’s new parental leave policy introduced in...

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

  3. Garry Lyon on The WoWcrowd

    Promoted by myprosperity Discover a series designed to inspire, motivate and lead the Whole of Wealth movement. Stand out from the crowd. The second episode of WoWcrowd led by Garry Lyon, former Captain of Melbourne Football Club and awarded media...

    • Type: Article
    • Author: myprosperity
    • Category: Business

  4. Death benefit rules ‘due for an overhaul’

    With the existing legislation around the payment of lump-sum death benefits leading to inadvertent breaches by SMSFs, a technical expert says a more practical approach is needed in this area. In an online article, SuperConcepts executive manager, SMSF...

  5. TPB highlights risky agent behaviour ahead of crackdown

    board member Peter de Cure said the regulator’s use of data and analytics would also help it pinpoint indicators that could lead to reckless behaviour down the track. “For example, a tax practitioner known to previously being involved in problem...

  6. Macro-economic modelling reveals true value of advice

    as a result of non-compliance. Individual registration of advisers: Individual registration of professional advisers would lead to greater responsibility and accountability, requiring a personal commitment to integrity, competence and ethics. This would...

    • Type: Article
    • Author: CPA Australia
    • Category: Business

  7. WoWcrowd

    Promoted by myprosperity Discover a series designed to inspire, motivate and lead the Whole of Wealth movement. Stand out from the crowd. After an incredible turn out for our premiere webcast, Creating a purpose mindset, excitement levels have gone up...

    • Type: Article
    • Author: myprosperity
    • Category: Business

  8. Draft reporting regulation to exacerbate late lodgements, penalties

    proposed 45-day preparation requirement for SMSF financials will not address issues with late-lodging SMSFs and will instead lead to further late submissions and substantial penalties, says the Institute of Public Accountants. As part of a consultation...

  9. ‘Enforcement and definition’ issues with prescribed timeline for financials

    that time, result in the trustees breaching the 45-day deadline?” it said. The proposed requirement, it stated, may also lead to a reduction in the quality of financial statements. “This is because some accountants and administrators may be inclined to...

  10. NSW lifts payroll tax threshold

    strong budget position has allowed us to weather the most severe economic storm in a generation, and we will continue to lead the way in job creation and supporting business through the 2020–21 budget,” Mr Perrottet said. Minister for Finance and Small...

  11. Senate committee gives 6-member SMSFs bill green light

    Legislation Committee has recommended that the six-member SMSF bill be passed, despite concerns from Labor that it may lead to “perverse outcomes” for SMSF members. In early September, the government reintroduced its measure to increase the number of...

  12. Details of responsible lending reforms emerge

    picking up the slack from lenders who transfer due diligence onto borrowers. CPA Australia believes such reforms could lead to a return of a practice where banks request accountants to sign off on a client’s ability to repay a loan as part of the...

  13. Tune in today to earn up to 1.25 free CPD points

    Promoted by myprosperity WoWcrowd - a webcast series designed to inspire, motivate and lead the Whole of Wealth movement. To earn up to 1.25 free CPD points you will need to register and watch the livestream at 12 pm AEST on Thursday 5 November led by...

    • Type: Article
    • Author: myprosperity
    • Category: Business

  14. Proposed SMSF reporting measures slammed as ‘unreasonable’

    for tax statements or details of distributions from other trusts. “Such a decision to impose this measure could arguably lead to trustees ‘backdating’ the signing of financials to ensure compliance, something that doesn’t serve the trustee or regulator...

  15. Finance teams take on broader roles but lack resources

    played a pivotal role during the shutdown and are now looking to support new business strategies, they will be expected to lead by example on managing costs and rationalisation of operations. The study shows that while CFOs are focusing on...

  16. Greenwoods appoints new infrastructure partner

    has announced the appointment of a new partner in its Sydney office. Greenwoods has appointed Jillian Gardner as the new leader of its national projects and infrastructure group. Ms Gardner will join the firm in March 2021 from Macquarie Group, where is...

  17. Former ATO assistant commissioner joins The Tax Institute

    A former ATO assistant commissioner has now joined The Tax Institute as its new tax policy and advocacy lead. The Tax Institute has announced the appointment of Scott Treatt, who will commence in his role as the lead of its tax policy and advocacy team...

  18. Flexible hours viewed as ‘career suicide’ for women in accounting, says university research

    Inflexible workplace arrangements and a lack of leadership positions in accounting firms are driving women out of the profession, says a new university study. Surveying over 200 female professions in the industry, Monash Business School researchers,...

    • Type: Article
    • Author: Cameron Micallef
    • Category: Business

  19. Free CPD point to hear world class speakers

    Promoted by myprosperity WoWcrowd - a webcast series designed to inspire, motivate and lead the Whole of Wealth movement. Hear from world class speakers, and some of the industry’s most entrepreneurial and progressive minds as they share their journey...

    • Type: Article
    • Author: myprosperity
    • Category: Business

  20. Accountants at risk under responsible lending reforms

    and inject credit into the economy. Keddie Waller, head of public practice at CPA Australia, believes such reforms could lead to a return of a practice where banks request accountants to sign off on a client’s ability to repay a loan as part of the...

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