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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...
SPAA calls for US-like financial licensing system
The 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 consultants
KPMG 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 licensing
AMP’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 date
Despite 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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