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Wealth firm hires from PwC, CBA

04 March 2015 firm has announced two key appointments, with the recruits coming from PwC and CBA. Koda Capital, which was established late last year by former CEO of JBWere, Paul Heath, and former CEO of MLC and NAB Wealth, Steve Tucker, has recruited Ben Andreou...

• Type: Article
• Author: Staff Reporter
• Category: Business

Countplus launches new accounting business

02 March 2015 able to acquire direct equity in their businesses. Barry McGee has been appointed Blue789 chief executive. Countplus Limited last week reported a half-year consolidated net profit before tax result of $8.73 million (down 7.4 per cent) and a net profit...

• Type: Article
• Author: Michael Masterman
• Category: Business

Govt flags independence in handling of tax disputes

02 March 2015 is consistent with the positive litigation outcomes for taxpayers highlighted in the inspector-general’s report over the last seven years,” Mr De Zilva said. “The report notes that 83.5 per cent of AAT cases and 77.1 per cent of Federal Court cases have...

• Type: Article
• Author: Michael Masterman
• Category: Tax

MYOB announces massive growth, flags new accountants' portal

26 February 2015 Tim Reed said he was pleased with the result and described the transformation delivered in the MYOB business over the last three years as an outstanding achievement. “I am immensely proud of what has been accomplished in a short period. We continue to...

• Type: Article
• Author: Michael Masterman
• Category: Business

Accountants need to move on licensing now, says ASIC

20 February 2015 know whether that will turn about to be the case, but if it is, well we’ve received about one per cent,” Mr Kell said. “The last figure that I’ve been provided with was 105 applications. We’ve approved 44, some are currently being assessed but quite a...

• Type: Article
• Author: Staff Reporter
• Category: Regulation

Lawyer outlines accountants' outsourcing obligations

20 February 2015 the law requires the client to be informed to which countries their information will be sent. This rule came into force last year with the implementation of the Australian Privacy Principles, which replaced the National Privacy Principles, Ms Thorne...

• Type: Article
• Author: Michael Masterman
• Category: Regulation

ATO hands down unusual penalty

19 February 2015 for failure to lodge, following up outstanding cases. However, the ATO prefers to leave prosecution as a measure of last resort, and would rather engage with trustees in an effort to help them meet their obligations, the spokesperson said. Also speaking...

• Type: Article
• Author: Katarina Taurian
• Category: Regulation

Reckon announces solid growth

11 February 2015 Reckon achieved 10 per cent EBITDA growth last year, while total revenue cracked the $100 million mark for the first time. Revenue reached $100.8 million for the year, a 3 per cent increase from 2013. Chief executive Clive Rabie said the results...

• Type: Article
• Author: Staff Reporter
• Category: Business

Tax white paper 'very likely' delayed indefinitely

10 February 2015 delayed the release until its second term (assuming it is re-elected). “I think everything that has happened over the last month and particularly the last week probably indicates that this government is going to be very risk-averse for the remainder of...

• Type: Article
• Author: Katarina Taurian
• Category: Tax

HLB Mann Judd weighs in on SMSF minimum balance

09 February 2015 SMSF balance of less than $200,000 increasingly “feasible”, according to HLB Mann Judd. Speaking at a function in Sydney last week, HLB Mann Judd’s director for superannuation, Andrew Yee, said the minimum advisable amount needed to establish an SMSF is...

• Type: Article
• Author: Katarina Taurian
• Category: Super

ShineWing flags major expansion across Australia

04 February 2015 is planning to open offices around the country following the recent Moore Stephens Melbourne / ShineWing merger. As reported last year in AccountantsDaily, Moore Stephens' Melbourne office recently merged with the Chinese giant's local operation,...

• Type: Article
• Author: Michael Masterman
• Category: Business

Private sector bureaucracy costing business more, says Deloitte

02 February 2015 for a rule’, often without weighing the costs and benefits of doing so, and the cost of government rules has risen since the last time the Productivity Commission added them up," Mr Richardson said. Matt Saines, national leader of Controls...

• Type: Article
• Author: Staff Reporter
• Category: Business

MYOB launches new cloud-based product

29 January 2015 ERP system,” he said. The product is based on the Acumatica cloud solution developed for the US market. Late last year, MYOB announced it had taken a minority stake in Acumatica and taken a seat on the company’s board. Amazon Web Services has been...

• Type: Article
• Author: Michael Masterman
• Category: Business

Pepper calls on accountants and brokers to embrace relationship

29 January 2015 has become increasingly prevalent in recent years, something Mr Rehayem considers mutually beneficial. In October last year, national accounting group Chan & Naylor announced a joint venture with brokerage Origin Finance. Chan & Naylor Finance now...

• Type: Article
• Author: James Mitchell
• Category: Business

MYOB hits client milestones

28 January 2015 using MYOB SME solutions, with more than 500,000 regular paying clients. This record figure was achieved in December last year, the firm said. MYOB has also reached a record figure for cloud subscribers, with 116,000 of the 500,000 regular paying...

• Type: Article
• Author: Staff Reporter
• Category: Business

CEO optimism up despite concerns, says PwC

22 January 2015 by PwC, 43 percent of Australian CEOs are very confident of growth in the next 12 months, up 9 percentage points from last year, compared with 39 percent of CEOs globally. In the longer term, 55 percent were very confident of growth in the next three...

• Type: Article
• Author: Michael Masterman
• Category: Business

Xero hits $1.5bn milestone

16 January 2015 Xero in Australia has recorded a two-thirds increase over the past six months in the volume processed in payroll through its system. The software provider announced it recently processed more than $1.5 billion in payroll to 375,000 small business staff...

• Type: Article
• Author: Staff Reporter
• Category: Business

Findex reveals plans for Crowe Horwath

15 January 2015 the firm’s wealth-related service offering. “It’s where our heritage is and our business has grown exponentially over the last decade in that space so I think we can add some value immediately there,” he said. Mr Paule's ambition is to create a fair...

• Type: Article
• Author: Michael Masterman
• Category: Business

RSM records big spike in fee income

13 January 2015 world's seventh largest global network of independent audit, tax and advisory firms recorded fee income of US$4.4 billion last year. The growth was predominantly driven by a strong performance in Europe, where the network saw 79 per cent incrome growth....

• Type: Article
• Author: Staff Reporter
• Category: Business

Deloitte expects international retailers to target Aussie market

13 January 2015 at 18th and 22nd respectively in a list of the world's top 250 by revenue. While both companies dropped slightly from last year’s rankings, (15th and 19th respectively), the drop is largely driven by the devaluation in the Australian dollar against the...

• Type: Article
• Author: Staff Reporter
• Category: Business