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Deloitte confident on economic growth

21 July 2014 and while the iron ore price is down, the Australian dollar is up,” Deloitte added. The firm also said that in the last decade, federal spending has increased by 3 per cent per year more than inflation. “Unless policy changed, the next decade was headed...

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

CPA issues warning on limited licensing

17 July 2014 the option when you get towards the end of the transition period to know which way you want to go.” “If you leave it to the last 12 months to start your training it’s just going to be too late." Ms Weller’s comments come after ASIC warned of four...

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

Politics hits CFO confidence: Deloitte

17 July 2014 Uncertainty around federal government policy has dented CFO confidence, according to Deloitte’s most recent CFO survey. For the fourth straight quarter, optimistic CFOs outnumber their pessimistic peers, however, the net percentage of CFOs who were...

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

Goyder chairs B20 summit in Sydney

17 July 2014 across all sectors. More than 300 senior business leaders from over 30 countries have been meeting since the end of last year to develop a set of policy responses to these global challenges. “Task forces established around four priority areas –...

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

Hays warns of shift to short-term contracts

10 July 2014 “From a business’ perspective, it’s quite a wise thing because of the fluctuations and changes that have happened over the last while and they don’t want to be making redundancies all the time.” Ms Roeder said an increase in major projects undertaken by...

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

MYOB developing its own client portal

08 July 2014 to AccountantsDaily, Adam Ferguson, MYOB’s general manager, accountants division said Deloitte Private Connect, launched last week, is an innovative offering from the big four firm that will help redefine an evolving accounting industry. “I think it...

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

KPMG announces new partners

08 July 2014 directors across all divisions of the firm. The number of partner and executive director appointments is up from 35 last year. Twenty-three new partners (60 per cent) are from the firm’s Advisory division, almost double last year’s 35 per cent. Notably,...

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

Confidence is returning but don't expect a big salary raise

08 July 2014 we are already seeing instances of salary pressure for skills in demand. Salaries were also stable in professional practice last year, with a number of firms giving the minimal annual increase. Candidate movement was seen in the big four and second tier...

• Type: Article
• Author: Lynne Roeder
• Category: Business

Sam Allert talks technology

04 July 2014 recently. Of course, as everyone would probably say, cloud technology has been huge but the other big advancement over the last few years has been integrations. What I mean by that is advancements in technologies around data feeds, whether that’s bank...

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

ATO targeting offshore avoidance

01 July 2014 initiative, he said. Under Project Do It, people disclosing their offshore assets will generally be assessed for the last four years, be liable for a maximum shortfall penalty of 10 per cent and full shortfall interest charges, and will not be...

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

Politics obstructing GST reform

26 June 2014 winning elections to undertake long-term reforms such as a rethinking of the GST. “Tax reform hasn’t got very far over the last 10 years because it’s caught up in the political cycle,” he said. Mr Greco suggested handing the responsibility of tax reform...

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

Cash flow issues hitting SMEs

23 June 2014 that businesses were forced to wait an average of 56 days for payment in the first quarter of 2014, compared with 53 in the last quarter of 2013. Scottish Pacific chief executive Peter Langham said delayed payments can inhibit the ability of SMEs to...

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

Insolvencies set to spike

19 June 2014 a fall of 21.1 per cent in companies entering formal insolvency appointments in the first quarter of 2014 compared to the last quarter of 2013. Neil Cribb, national head turnaround and insolvency group at RSM Bird Cameron said the firm does not believe...

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

NSW budget shows widening fiscal gap

19 June 2014 investment. “This is the preferred growth model that appears to be favoured federally as well, and the initiatives over the last two years in NSW show the model is effective in delivering positive outcomes for taxpayers,” he said. “Strong fiscal...

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

Deloitte adds Canberra consultancy

17 June 2014 business transformation capability and will further boost the 10 partners we have added to our Canberra practice over the last year.” “We now have 24 partners and 163 people across our Barton and Brindabella offices,” she said. Analytics Group partners...

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

Socceroos kicking goals for accountants

17 June 2014 clients so everyone wins,” Ms Maury said. Intuit has made a concerted effort to boost its presence in Australia over the last 12 months, expanding its team on the ground and investing heavily in sales, marketing, product and customer care, according to...

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

SuperStream delay causes ATO concern

17 June 2014 “It is important trustees get in place the arrangements sooner rather than later and certainly don't leave it until the last minute,” Mr Hind said. “They are likely to run into problems with getting it completed on time, or not being able to implement...

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

Leading firm announces 93 new partners

12 June 2014 to the 37 experienced lateral hires, including an additional seven female partners who have joined the partnership in the last 12 months. Giam Swiegers, Deloitte’s chief executive, said he was pleased to see females feature strongly in this year’s round...

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

Top EOFY mistakes revealed

12 June 2014 year's results 2. Not keeping accounts and records up to date throughout the year (58 per cent) - down from 62 per cent last year 3. No contact with their accountant over the financial year (58 per cent) - up from 42 per cent last year 4. Does not...

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

Specialist SMSF business unit announced

12 June 2014 as well as borrowing requirements of our clients,” Chan & Naylor said in a statement. After partnership growth over the last 24 months, Chan & Naylor is also looking to grow its business through new joint venture partnerships (JVPs) and ‘tuck-in’...

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