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  1. Partner intake down, but suburban expansion on the cards for PwC

    down on the record intake of 91 in 2017. There were 27 admissions to PwC’s consulting business, down from 29 admissions last year; 39 admissions to the firm’s financial advisory division, down from 41; and 3 admissions to client, strategy and alignment,...

  2. Record intake for KPMG brings down partnership to 75% male

    per cent of internal promotions. The partnership is now 25 per cent female, a slight improvement from 24 per cent this time last year. KPMG’s Alison Kitchen, the firm’s first female chair, marked gender diversity as a top priority around her appointment...

  3. Vincents brings reshuffle and new service for FY19

    for the healthcare and built environment industries, Phil Ringuet, to lead the new team after leaving his position early last month. Vincents managing director David Rose said Mr Ringuet’s appointment has been “years in the making”. “In a financial...

  4. Exemptions granted as ASIC funding model row continues

    changes related to financial and professional services have received significant backlash. For example, legislation passed last week to make way for an 18-fold increase in fees for SMSF auditors, with ASIC intending to increase the SMSF auditor...

  5. FWO secures highest penalties for bookkeeping breaches

    were a major warning for businesses and the need for sound record-keeping practices in light of new laws passed late last year that have significantly increased sanction for record-keeping breaches. “The breaches by this Caltex franchisee occurred in...

  6. Expert technical tips: Last-minute SMSF considerations

    With only days left to the end of the financial year, technical experts Australia-wide have highlighted critical action points for SMSF clients around contributions, pensions and TBAR, and some potential traps to be wary of. With 30 June falling on a...

  7. EOFY deadline hitting wealthy clients hard in 2018

    lagging just days out from EOFY, and it's those with higher balances who are struggling the most to get over the line. As of last week, 35 per cent of SMSFs were yet to lodge their annual returns for the 2016–17 financial year, despite an extension to...

  8. Mid-tier snags big 4 exec

    sees the total number of new appointments and promotions of staff into leadership positions increase to eight over the last 12 months in the business advisory department, as Crowe Horwath looks to capitalise on the growing advisory market. “[Mr...

  9. CPA’s licensing arm missing from corporate strategy

    short of its business projections by year end 2017. It’s also reported a combined trading loss of $7.4 million in November last year since inception. Housing a dealer group under the CPA Australia brand has also posed severe regulatory conflicts for the...

  10. CA networks announce partnership

    will be no staff changes as a result of the merger. Sothertons became affiliated members of the UHY Haines Norton network last year. UHY Haines Norton chair, Michael Coughtrey, believes it’s a tough market for mid-tier accounting networks looking to...

  11. Rate change set for popular deduction

    clothing and laundry claims have also be put on notice after the ATO announced a 20 per cent rise in claims over the last five years, with six million people claiming nearly $1.8 billion in laundry expenses last year.

  12. Surprise taxes catching out property owners with big sales

    super-lots, and vertical sales, where owners of individual apartments sell together, has gained traction over the last few years, as property owners search for a higher selling price. Accordingly, global property network Knight Frank’s market report...

  13. Ex-KPMG boss to chair new black economy advisory board

    chair, will lead the government’s new black economy advisory board. Mr Andrew, who chaired the black economy taskforce last year, will oversee a board that will include members of the private and public sector to provide strategic advice on trends and...

  14. The end of financial year comes but once a year

    non-concessional contributions you’ll need to check on what the client has contributed this financial year as well as the last two years in case they’ve triggered the “bring forward rule”. And don’t forget that spouse contributions count against the...

  15. A different approach to EOFY stress

    very plain diet of about 20 items. It can be very stressful at times and debilitating if I’m not careful about what I eat. Last year was a bit of a shocker and I had weeks off work, too ill to do anything. What a waste. So this year, I’m doing things...

  16. ASIC flexes new powers as liquidator booted

    and insolvency services. Liquidators have been in the regulatory spotlight since ASIC’s new powers came into effect in March last year. The industry is also up for a tough time under ASIC’s new funding model. Registered liquidators will have to pay a...

  17. Payroll tax threshold to increase in NSW, SA

    Business) Amendment Bill 2018 being introduced in state parliament has an expected start date of 1 January 2019. “At long last the economic handbrake is coming off small businesses in this state who will soon have more money in their pockets to reinvest...

  18. Audit proposal 'misdirected', says one association

    CPA Australia has also spoken out against the proposed measure, believing that it would unfairly target SMSF auditors. Last month, Super Sphere director Belinda Aisbett announced the establishment of the SMSF Auditors Lobby Group, aimed at opposing the...

  19. Headaches continue for Dover accountants

    Dover Group continue to experience fallout from the shock closure, as a major bank moves to suspend their authority. Last week, Accountants Daily reported that Dover Financial Advisers will be unexpectedly wound up, leaving almost 400 authorised...

  20. ATO defends tax agents compliance campaign

    to stamp out tax agents who were contributing to the work-related expenses gap. “It's been a particular problem over the last year and I think all agents heard the commissioner make comments about his concerns that we are seeing similar errors in the...