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  1. ASIC swoops as three firms fail on obligations

    liquidator. ASIC will hold the form in escrow and cancel his registration upon the earlier of the finalisation of Mr Angus’ last external administration or 31 January 2018. Mr Angus will be required to take reasonable and necessary steps to finalise all...

  2. Winners announced for inaugural awards

    Adviser’s head of partnerships, Terry Braithwaite. The South Australian winners were announced at a gala dinner in Adelaide last night. A full list of the winners can be accessed here. “Congratulations to all of the finalists and winners for their...

    • Type: Article
    • Author: Reporter
    • Category: Business
  3. Big 4 reveals tax functions findings for Aussie firms

    The survey also found that 68 per cent of tax function effort was still taken up by compliance, a level unchanged since EY’s last study in 2014. More than a quarter spent half their time getting data ‘fit for purpose’ and only 27 per cent were satisfied...

  4. Tech survey reveals accountants’ gripes, ‘dramatic’ shifts

    across Australia - are now mostly operating on Windows 2010, 2013 and 2016. Use of Microsoft Office 365 has doubled in the last 12 months. “Unfortuntately for me, Google Apps is still not getting very far,” founding director of Smithink and ATSA, David...

  5. Tech bosses knock back ‘complete fallacy’

    found that integration across multiple suppliers is one of the "number one wishes" of accountants, and has been for the last six years. Accountants like Skeggs Goldstien director Adam Goldstien, have found that it’s historically difficult to have...

  6. TPB flags priority item for tax agents with ASIC

    about that,” Mr Taylor said. Mr Taylor also recently flagged a focus on offshoring practice with tax agents, as reported last week. The TPB recently released an exposure draft providing new guidance for tax practitioners on outsourcing and offshoring,...

  7. New client demand prompts big 4 team shifts

    to adapt. The big four firms, EY included, have introduced measurable diversity and gender-based targets in the last five years. This is partly in response to the demand of major clients, who will not engage with firms who don’t present a diverse...

  8. AMP distances business from jailed tax agent

    SMSF arm has distanced itself from a jailed tax agent who has been previously linked with one of its recent acquisitions. Last week, Arjuna Samarakoon was sentenced at at Melbourne County Courthouse to 29 months’ imprisonment with 18 to serve for his...

  9. Poll finds 90% of accountants’ clients not ready for STP

    said their clients were ready for the shift to STP. Out of 290 voters, 261 (90.6 per cent) said they were not prepared. Last month, the government confirmed the introduction of STP for businesses with less than 20 employees from 1 July 2019, as part of...

  10. Big 4 firm finds human rights gap in Aussie firms

    up to speed with this fast evolving and relatively new framework. “Many of the 30 June 2017 annual reports released in the last few weeks are already demonstrating this.”

  11. Accountants’ data ‘very attractive’ as cyber breaches spike

    an attractive "attack group" given the type and volume of data they retain for clients, and a 15 per cent spike in attacks last financial year has widened the net to include mid-size firms. Earlier this week, the Australian Cyber Security Centre (ACSC)...

  12. ‘A terrible gap’: big 4 firm moves to shake up board

    said at a function in Sydney today. “When you reflect on the acquisitions [chief executive Gary Wingrove] has made over the last few years, he has been deliberately going out and targeting different skill sets we haven’t got and bringing them into the...

  13. Major bank shakes up SME loans approach

    Enterprise Ombudsman Kate Carnell’s small business loans inquiry recommended these moves for Australian banks in December last year, for implementation by July 2017. It followed unfair contract terms legislation coming into force last November. “The...

  14. New service line, competitor hire for mid-tier

    They want their advisers to develop strategic and practical ways to improve business performance. Security enforcement is a last resort,” he said.

  15. Accountants shine as record dispute stats released

    to liability. The Financial Ombudsman Service’s (FOS) annual review shows only four disputes about accountants were accepted last year, compared to 524 for financial planners. Disputes spiked by 16 per cent overall, with the lion’s share directed at...

  16. Software giant brings global franchise program to Australia

    launched its Franchise Program in Australia yesterday, following its establishment in the US in 2008 and launch in Canada last year. According to Intuit, Australia has more franchising outlets per capita than any country in the world, and there are...

  17. Big 4 firm denies alleged incorrect tax advice

    2011, saying that their initial advice was incorrect. In Deloitte’s defence, which was filed with the NSW Supreme Court last month, the firm denied Mr McEvoy’s claims, saying that at no time did Mr McEvoy and Deloitte enter into any agreement under...

  18. Lodgement performance may take a hit: ATO

    ability to meet deadlines. The tax office said it appreciates that the extensive digital outages, which began in December last year and spanned well into early 2017, would have impacted the ability of tax professionals to meet their clients’ obligations...

  19. Prosecutions spike as ATO reveals ‘far-fetched’ excuses

    bizarre reasons for late lodgement, as the tax office goes on an on-time lodgement blitz following a spike in prosecutions last financial year. Assistant commissioner at the ATO, Kath Anderson, has issued a series of public messages urging taxpayers to...

  20. ASIC may ‘come knocking’ despite exemption, accountants told

    shadow shopping and compliance activity. Speaking at a Chartered Accountants Australia and New Zealand (CAANZ) conference last week in Sydney, The Fold Legal solicitor director Jaime Lumsden Kelly said ASIC would “come knocking” if the regulator became...