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  1. CA ANZ, CPA take the lead on climate change crisis

    Australian accountants have been called to take the lead on climate change action by helping clients adopt sustainable business models, as CA ANZ and CPA Australia sign a global call to action with 12 other accounting bodies across the globe. The 14...

  2. Australia’s a nation of bosses: Xero

    One in six Australian workers now own their own business, with regional and female founders leading the entrepreneurial charge, a new study has found. Xero’s latest report has found that there were 2.2 million business owners in Australia in late 2019,...

  3. Australians look to business for societal change

    Australians are now turning towards businesses and their leaders to enact change on societal issues as trust in the government tanks following the Black Summer bushfires. The 2020 Edelman Australia Trust Barometer found that trust in the government,...

  4. ASBFEO floats legislative fix for late payment terms

    big businesses have had more than enough chances to do the right thing, so if they can’t follow Telstra and Rio’s lead, I will have no choice but to recommend legislation requiring 30-day payment terms across the board.” Ms Carnell noted that there is a...

  5. AAT affirms grounding of former tax agent amid bankruptcy probe

    to revoke the DPO to allow him to travel to the United Kingdom, where his wife resided, but was subsequently refused, leading to Mr Moltoni’s application to the AAT to review the decision. The AAT ultimately refused to overturn the commissioner’s...

  6. ‘Don’t be too clever’: Clients warned on CGT MRE changes

    go very quickly, and property sales can’t necessarily happen overnight. It’s the sort of thing that people need a bit of a lead time to plan and prepare for that.”

  7. Multidisciplinary firm lands new audit director

    A boutique accounting firm has announced the hire of a former audit division lead of the Victorian Auditor-General’s Office as it looks to grow its assurance arm. Multidisciplinary professional services firm Asparq has announced the appointment of...

  8. SISFA warns against special treatment for accountants in advice reform

    Association (SISFA) has warned that further special regulatory treatment for accountants giving advice to SMSF clients would lead to poor outcomes for consumers, as the joint industry body working group gears up to take a proposal for a reformed...

  9. Raise capital, not red flags

    such as a debt (e.g. convertible debt) or preferred stock (e.g. convertible preferred stock). Usually, these will lead to either debt classification or the recognition of a separate conversion derivative at fair value. The only limited exemption to debt...

    • Type: Article
    • Author: David Waters, Fei Huang, John Ratna, PwC Australia
    • Category: Regulation

  10. Clients warned on discretionary trust amendments ahead of retrospective duty, land tax

    late last year, believes there may have been a number of clients who missed the 31 December deadline because of the short lead time. “There’s probably a whole bunch of clients out there who haven’t heard of it and dealt with it yet, so I’d probably be...

  11. Pitcher Partners appoints new innovation lead

    Pitcher Partners Adelaide has announced the appointment of a new innovation lead as it looks to expand to strategic advisory and outsourced finance. The mid-tier firm has appointed Jarrod Morris in its new custom-built role as innovation and technology...

  12. Accounting body advises caution on incoming SME tax changes

    Touch Payroll system. Common business questions were also answered in a dedicated webcast in May 2019 with the then project lead at the ATO, John Shepherd, and other tax experts.

  13. Higher salaries inspire school leavers to consider accounting career

    leavers to take up accounting. Lee Whitney, CA ANZ group executive account management, said accounting has also taken the lead as one of the top jobs for career opportunities. “A career in accounting means more than just strong employment prospects and...

    • Type: Article
    • Author: Naomi Neilson
    • Category: Business

  14. Data analytics front of mind in firm’s latest hire

    analyst. Most recently, he was a business development manager of data analytics at the ASX. Mr Monfort will be tasked to lead Prosperity’s advisory teams by leveraging insights from data analytics and technology innovation and applying them to both the...

  15. Mid-tier secures former assistant auditor general

    general of technical and audit quality in Western Australia, will now join 13 other partners in Moore Stephens’ Perth leadership team. Previously an audit and assurance partner at BDO, Ms Shafizadeh then went on to lead the national technical division...

  16. Over 50% of organisations falling short on lease accounting standards

    savings from stronger systems, processes and controls for the lease portfolio.” Sebastien Normand, VP revenue and country lead Australia at RGP, offered a similar sentiment, noting the key to success was “cross-functional co-operation and good...

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

  17. Business Growth Fund: ‘What’s the money going to be used for?’

    for Business Growth at the University of South Australia and an international scholar on business growth and entrepreneurial leadership — said that while making capital available to businesses is a welcome move, achieving the stated aims of helping...

  18. SV Partners opens Adelaide office

    Ferrier principals Stuart Otway and Alan Scott, both registered liquidators and registered trustees in bankruptcy, will now lead operations in the new office. SV Partners’ managing director, Terry van der Velde, said the decision of adding an office in...

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

  19. How every accountant can be a step ahead when your client is selected for an audit relating to the black economy or on rental property-related expenses

    them more than the extra income that they earned from renting out the room. This can be frustrating for your clients and can lead to a lot more work on your behalf when the ATO does catch up with them and starts making their enquiries which could...

    • Type: Article
    • Author: Rod Spicer, Accountancy Insurance
    • Category: Business

  20. How the gig economy could create hidden tax issues for contractors and employers

    around whether people are independent contractors or employees, or a hybrid of both. Misinterpreting the arrangements can lead to inadvertent breaches of various legislation, as was demonstrated in the Fair Work Commission’s decision in Joshua Klooger v...

    • Type: Article
    • Author: Tony Ince and Kane Zaknich, RSM Australia
    • Category: Tax
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