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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Partners warned to plan their exitRSM 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 reformThe 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 massThere is a “significant transition occurring” in the Australian accounting industry, with the number of sole practitioner firms set to plunge, says Hayes Knight joint...
SuperStream delay causes ATO concernThe 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 yearsASIC 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 AustraliaCPA 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 dropsThe 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 AustraliaThe much-touted deficit tax, expected to be announced in the upcoming federal Budget, will hurt small business, discourage productivity and stem entrepreneurship and inno...
SPAA calls for US-like financial licensing systemThe SMSF Professionals’ Association of Australia (SPAA) has called for change in Australia’s financial licensing system to create greater competition and independence...
KPMG brings on board strategy consultantsKPMG has added the senior Melbourne team of Pacific Strategy Partners to its Australian practice, bolstering its strategy consulting business.
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AMP debunks myths on licensingAMP’s ‘SMSF Advice’ has released a report debunking 'commonly held views' by accountants on their licensing options in preparation for the end of the accountants’...
CPA Advice missed ASIC deadlines, has lost $7.4m to dateDespite CPA Australia Advice having so far faltered on core business metrics and a combined trading loss of $7.4 million to date, a review into the association and its li...
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Latest comments
"Typical of these sort of associations
Talk about the lost income and conveniently fail to talk...