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Empowering a leader key to firm success
Professional services firms must empower a leader or leaders to drive business towards success, according to a national financial services and advisory group.
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Accountant faces court over lodging false documents
A Queensland-based accountant has been charged with lodging false documents with ASIC.
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EY chief executive steps down
The chief executive of top four firm EY has announced plans to step down as CEO in December.
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Victorian accountant jailed for illegal investment scheme
A Melbourne-based accountant has been sentenced to five years, eight months in prison on charges brought by ASIC relating to “illegal investment schemes”.
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Tax office targets compliance costs
The ATO has committed to reducing compliance costs for business by progressing several “key strategies” in the coming year.
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CPA slams idea of apolitical tax commission
Accountants back the creation of an independent tax reform commission but CPA Australia has labelled the idea as the “stuff of nonsense”.
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Deloitte names cloud 'pioneer' as new partner
Deloitte Private has appointed a leading cloud accounting expert as a new partner, recruited specifically to grow the firm’s cloud-based service offering.
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Prime Financial takes 20pc stake in Victorian firm
The Prime Financial Group has acquired a 20 per cent stake in a Melbourne-based accounting firm; and is in talks to buy into at least 60 others.
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CPA issues warning on limited licensing
With the accountants' exemption set to end, CPA Australia has said those who don’t act now risk losing the option of a limited licence.
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Q&A: Vicki Stylianou discusses licensing for accountants
Vicki Stylianou, the IPA’s executive general manager, leadership, talks to AccountantsDaily about financial services licensing for accountants.
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Partners warned to plan their exit
RSM Bird Cameron has warned partners in goodwill firms they may find it hard to sell out with a large number of senior accountants expected to retire within five years.
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Politics obstructing GST reform
The Institute of Chartered Accountants (ICAA) and the Institute of Public Accountants (IPA) have both claimed political factors are blocking much needed tax reforms.
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Large firms looking for critical mass
There is a “significant transition occurring” in the Australian accounting industry, with the number of sole practitioner firms set to plunge, says Hayes Knight joint...
Australia's tax system is in disarray: EY
EY chief executive Rob McLeod has called for an "apolitical" Tax Reform Commission to fix Australia’s tax system.
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SuperStream delay causes ATO concern
The ATO has warned of “potential non-compliance issues” in the SMSF sector following the announcement of a delay in the SuperStream start date.
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ASIC suspends auditor for five years
ASIC has accepted an enforceable undertaking (EU) from the former Banksia lead auditor, suspending him until 2019.
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Have you got the right skills for the job?
Offshoring and outsourcing have redefined the role of accountants in Australia, meaning professionals must adapt their skill sets to remain relevant in the marketplace, a...
Economy too fragile for cuts, says CPA Australia
CPA Australia has backed the OECD’s warning against heavy fiscal consolidation in next week's Budget, saying the government should avoid any “big bang” moment in at...
Demand for accountants drops
The oversupply of accounting professionals in Australia has doubled since June of last year, according to the latest Clarius Skills Indicator.
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Deficit tax will hurt small business, says CPA Australia
The much-touted deficit tax, expected to be announced in the upcoming federal Budget, will hurt small business, discourage productivity and stem entrepreneurship and inno...
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