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  1. Accounting employment continues to climb

    growth in Australia for the start of 2016. The drop also comes despite 58,000 jobs being created in the sector during the last two quarters of 2015, an increase of 13 per cent, thanks to a demand for financial and accounting professionals. Commenting on...

  2. SMSF Adviser Network sees 'tenfold' spike in applications

    The licence has been up and running for approximately 18 months, and while the uptake initially was “not huge”, in the last four months the licensee has experienced a significant increase in enquiries and applications, NTAA chief executive Geoff Boxer...

    • Type: Article
    • Author: Staff Reporter
    • Category: Super
  3. CPA gets licensing go-ahead from ASIC

    has granted an AFSL and an Australian Credit Licence (ACL) to its wholly owned subsidiary, CPA Australia Advice. In June last year, CPA Australia announced it would establish a new wholly owned subsidiary to provide independent financial advice to...

  4. SMSFs met with ASIC caution

    Pty Ltd and Foscari Holdings Pty Ltd, which have each operated a land banking scheme in Victoria, ASIC said in a statement last week. The two land banking schemes are known as Hermitage Bendigo (formerly Acacia Banks) and Foscari. According to ASIC,...

  5. Two firms join Walker Wayland

    Lawyers is the second law firm to join Walker Wayland Australasia after debt negotiation firm Tax Assure joined in November last year. "Now Sutton Douglass extends that area of expertise," said Mr Dorazio. "Sutton Douglass marries strong technical tax...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business
  6. myTax expanded to sole traders and contractors

    will be eligible to use myTax from 1 July this year. “Over 1.7 million individuals lodged their tax return using myTax last year and this number is expected increase this year,” Minister O’Dwyer said. “With its expanded eligibility, over three million...

  7. Four things you need to tell customers at EOFY

    SuperStream is mandatory for all employers with 19 or fewer employees from 1 July 2016. Independent research conducted late last year found around one third of employers weren’t even aware of SuperStream, let alone having an understanding of what was...

  8. Moore Stephens defends its Australian operations

    member firm at this time, Moore Stephens CEO Peter Antonius declared the network will be an ongoing success. “Over the last 12 months, Moore Stephens Australia has undergone a significant transformation, culminating in a strategic review of its network...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business
  9. ATO issues warning on con artist threat

    that based on recent reports made to the ATO, iTunes gift cards were part of new tactic being used by fraudsters. "In the last month, of the 8,692 phone scam reports we received in April 2016 in relation to the fake ATO tax debt scam, 58 reports...

    • Type: Article
    • Author: Staff Reporter
    • Category: Tax
  10. CEO warns of $20bn gap in SME funding

    also explains why we've been inundated with such overwhelming demand since launching version one of [our] website in October last year, and having now funded over $1.5 million in loans to SMEs to date." Alternative business finance providers have staged...

    • Type: Article
    • Author: Adam Zuchetti
    • Category: Business
  11. ASIC reveals latest licensing figures

    beyond 1 July this year, with the number of approved applications still limited. An ASIC spokesperson told SMSF Adviser late last week that it has, to date, approved 149 applications for a limited licence, up from 100 in early April. A further 308...

  12. Short term loans – bank vs non-bank – what’s the go?

    of borrowing. Reputation and specialisation is key Reputable and specialist short term lenders are absolutely not lenders of last resort! They take responsible lending seriously and will simply not knowingly advance funds to a borrower that will get...

  13. PwC announces big name recruit

    any organisation being disrupted or concerned about disruption in future.” Mr Zahra has been working with PwC since April last year in his capacity as a member of the firm’s Diversity and Inclusion Advisory Board. In this role he has provided advice on...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business
  14. Deductable donations calculator launched

    from the effects of cancer, so being even a small part of the solution is both humbling and gratifying," Mr Dixon said. Last year, donations to the ACRF went towards equipment that is being used to further develop personalised cancer treatments, detect...

    • Type: Article
    • Author: Staff Reporter
    • Category: Tax
  15. Small businesses not seeking accountants' advice

    than half of all surveyed businesses used an accountant or financial adviser to review their banking relationship in the last year. Ross Prosper, director of taxation and business services at Bentleys Western Australia, said SME owners who don’t seek...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business
  16. SME owners bullish amid uncertainty

    who anticipated growth in 2015 and 64 per cent in 2014. Forty-nine per cent of SME owners reported actual growth over the last 12 months, which is in line with 2015 and up 3 per cent from 2014. At the other end of the spectrum, 20 per cent reported a...

    • Type: Article
    • Author: Staff Reporter
    • Category: Tax
  17. Former liquidator pleads guilty

    by the Commonwealth Director of Public Prosecutions. Mr Levi previously faced the Downing Centre Local Court in November of last year with the case then adjourned to a later date. The deception offences carry a maximum penalty of five years, while the...

    • Type: Article
    • Author: Michael Masterman
    • Category: Tax
  18. SMEs reveal pessimistic forecast

    over the next 12 months, the proportion of operators expecting their revenue to increase was just 31 per cent. In October last year, 38 per cent of operators said they had more work or sales in the pipeline, but this number has now fallen to 34 per...

    • Type: Article
    • Author: Staff Reporter
    • Category: Tax
  19. ATO undertaking 'aggressive' surveillance campaign

    Clint Harding, a partner at Arnold Bloch Leibler, noted the ATO’s surveillance capabilities have vastly improved in the last three years, as the government continues to direct funding and resources towards specific compliance targets. Money coming to...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Tax
  20. Accountants warned on SMSF documentation traps

    typically there isn’t a sinister element to these failures, rather, just holes in the compliance process. "People just use last year’s documentation and change the date on it and away you go," he said. Gadens partner Kathleen Conroy previously noted to...