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  1. Disruption fear 'over-used' in accounting, says mid-tier

    with clients. Speaking to Accountants Daily after winning Firm of the Year at the 2017 Australian Accounting Awards last month, Pitcher Partners Sydney managing partner Rob Southwell said that firms mustn’t get preoccupied with technology. Mr Southwell...

  2. Software giant falls short on gender diversity targets

    software provider has fallen just short of reaching targets relating to the number of female directors on its board. Last week, the Australian Institute of Company Directors released its Gender Diversity Progress Report for the March to May 2017...

  3. Tips and tools of the predictive practice

    in spite of the enormous volume of data, Google Trends provides real-time info on searches that have taken place over the last hour in Australia and New Zealand. To get some idea of the number of people in each location with an interest in “plumbing”,...

    • Type: Article
    • Author: Suresh Sood, PhD, Data Scientist, Chartered Accountants Australia and New Zealand
    • Category: Regulation
  4. Unpopular accountants’ licence tipped for chopping block

    ASIC will turn around and say, ‘This is just causing everyone more work for no added benefit’”. Accountants Daily reported last week that while interest in providing SMSF services is on the rise with accountants, the majority of accounting firms rate...

  5. IPA ups focus on ‘social impact’ of accountants

    news comes as research again suggests the stress levels of professionals and business owners is on the rise in Australia. Last week, Robert Half released the results of its latest research, revealing that 76 per cent of Australian CFOs believe the...

  6. ATO to ramp up scrutiny of $20K tax break use

    instant asset write-off according to one accounting body, with the ATO poised to up its monitoring of the tax concession. Last week, the government announced that legislation to extend the $20,000 instant asset write-off for small businesses for another...

  7. EXCLUSIVE: CPA Australia breaks silence on leadership saga

    Carlin handing over the reins to Mr Dickson earlier this month. Director David Spong resigned from his position on Friday last week, following the resignations of Richard Alston and Kerry Ryan in the days preceding. CPA Australia confirmed these...

  8. Accounting job ad growth falling flat in early 2017

    has revealed that ad growth remained flat for the accounting sector in March to May 2017 when compared to the same quarter last year. “The accounting sector is facing rapid technological change, reflected in flat job advertising trends since 2014,” said...

  9. $20K instant asset write-off extension locked in

    a tax return till sometime after the end of the financial year so it’s very advantageous to take advantage of it in the last couple of weeks of this financial year.” The upfront tax deduction for SMEs with an annual turnover of less than $10 million was...

  10. Big 4 topples record for partner intake in 2017

    One big four firm has now officially locked in 91 partner admissions for 2017, up from last year’s record intake of 72, with the bulk of those appointments in the financial advisory division. A PwC Australia spokesperson told Accountants Daily its...

  11. Fight against new property tax laws taken to govt

    in past years. “If you are an investor and you haven't done your tax depreciation properly, you can actually... amend the last two years of your tax return and go back and ask for some money from the tax office,” he said. “Coming up to tax time, you're...

  12. ATO deputy commissioner resigns

    granted. This follows an eight-month joint investigation between the AFP and the ATO which resulted in multiple arrests last month relating to a syndicate responsible for a $165 million tax fraud against the Australian government. One of the arrested...

  13. Accountants set to lobby employers for pay rise in 2017

    as the basis of their negotiation. “Provide proof of your successes and any additional duties you’ve taken on since your last pay rise,” he said. “Show your manager how valuable you are and back up your request with evidence of current market salaries.”

  14. Accountants reject AFSLs despite SMSF push

    during the three-year transition period of July 2013 to July 2016. A further 66 per cent of applications were made in the last four months of the transition period, and 38 per cent of applications were lodged in June 2016. ASIC has publicly and...

  15. National accounting survey finds M&A ‘back on the radar’

    less than one in five respondents were happy with their practice’s client retention and growth rates — a major decline since last year, when that figure was 41 per cent. To tackle growth objectives, 50 per cent of respondents had segmented their client...

  16. ATO set to shake up communication with industry

    outages it experienced in December 2016 and February 2017, following commissioner Chris Jordan releasing some of the results last week. The report includes findings from the ATO’s internal review as well as the independent review conducted by PwC, which...

  17. High-profile KPMG exec retires from partnership

    could remedy their property woes by spending less on “smashed avo” and cafe-style meals. The comments, made in October last year, effectively took broader aim at the lifestyle choices of millennials. “From smashed avos, to sea-changes, to man droughts,...

  18. ATO ups crackdown on holiday homes

    out taxpayers making incorrect claims for deductions on rental properties, and holiday homes in particular, this tax time. Last year, the ATO identified a large number of mistakes with deductions for rental properties, particularly with regards to...

  19. Survey reveals how Australians rate accountants

    has revealed that the percentage of Australians that rate accountants as being ethical and honest has dropped slightly from last year, but they still maintain a strong position when compared to other financial-related professions. Yesterday, Roy Morgan...

  20. Big 4 firms’ liquidator role for property developer expands

    firm to be appointed liquidators of 19 companies associated with the Macro Group, of which they were appointed liquidator of last month. Last month the Federal Court appointed KPMG partners Hayden White and Matthew Woods as liquidators to six companies...