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  1. Accountants, leadership and the age of distrust

    sure of a sizable shift in the market. At an otherwise business-as-usual roundtable at KPMG’s new Sydney headquarters late last year, chair Alison Kitchen threw out a show-stopper which confirmed that public distrust is a palpable threat to...

  2. Institutional, big 4 exec hires mark service line boosts for Grant Thornton

    its advisory operations, marked with a merger with Victorian-based consulting group GNC Group Consulting in September last year.

  3. Major bank weighs in on cyber security, cloud computing

    and online banking, and has been shaken by attacks such as that experienced by US-based company Equifax Inc, which announced last year that it had been subject to a cyber security incident that could have impacted up to 143 million consumers....

  4. Pitcher Partners snares big 4 veteran in trade, tax move

    Daisley’s appointment follows the appointment of Birgitte Hebiton, formerly of KPMG, as director of taxation services, late last year. [email protected]

  5. Government exec appointed to bolster mid-tier's audit services

    financial statements of state entities and reporting outcomes of those reports to Parliament. Mr Dean, who began his role last month, said his time in the Tasmanian Audit Office gives him a sense of perspective in his services to the not-for-profit...

  6. KPMG Australia moves into new advisory space

    arm. Declining public trust in corporations has informed the move, which KPMG’s chairman Alison Kitchen flagged late last year as a headline issue the firm is tackling with its big business clients in 2018. “Public trust is a top priority for Australian...

  7. ‘Watch very closely’: mid-tier flags fuel tax credit change delay

    have to be aware of this change, which may lead to administrative issues. “Most of the fuel tax credit claimants over the last couple of years have been used to the change occurring on either 1 August or 1 February and now this year, they would have...

  8. CPA fears bad consumer outcomes as TPB’s budgets struggle

    including monitoring “questionable” behaviour as suggested by the Black Economy Taskforce. The TPB told Accountants Daily last year it continues to struggle with its expanded portfolio, particularly the registration of tax (financial) advisers, and...

  9. ‘It’s going to be a big one’: tax veteran says to brace for 2018 PLS rollout

    lot of back-office and backend work to get this PLS running, but I know from what I heard, there were some criticisms of it last year that it wasn’t really working effectively. But I do know the tax office has put a lot of time into making sure they get...

  10. ATO defends position as ‘recklessness, fraud’ surface with popular deductions

    but commissioner Chris Jordan said surveillance shows professionals are contributing to illegitimate claims. Late last year, Mr Jordan said about 900 audits showed tax agents are contributing to Australia’s individual tax gap through “carelessness,...

  11. Ex-CA boss lands new overseas gig

    not-for-profit oversight body of the International Accounting Standards Board. Mr White stood down as CEO of CA ANZ in April last year, replaced by Rick Ellis the following month. He has been a CA for 30 years, and a fellow since 1998. He has also held...

  12. Profession up in arms as complex pension issue lingers

    and Treasury is now being lobbied to correct the matter which impacts SMSF clients. The introduction of legislation last year to allow transition to retirement pensions to convert to retirement phase, where a member has satisfied a condition of release,...

  13. PwC appoints Channel 10 exec to advisory arm

    joins the PwC’s CMO Advisory leadership team today. Accountants Daily understands Ms Gloster left Network 10 in December last year, after joining in August. Prior to that, she was chief executive of the Australian Association of National Advertisers for...

  14. Access to tax breaks threatened under new recommendations

    to claims. “There is this constant tweaking. It causes instability in the market because people just don’t know if it’s the last change and if it’s stable. How do you budget your five or six-year innovation spending like that, what does the roadmap look...

  15. Accountants encouraged to rally against Labor’s ‘significant policy change’

    of Public Accountants believes debate should be “run up the flagpole” well ahead of the next election. In early May last year, opposition leader Bill Shorten said a Labor government would cap the amount claimed by individuals for management of their tax...

  16. ASIC releases professional standards information for licensed accountants

    requirements, set the exam and CPD requirements, and develop the code of ethics. FASEA’s education guidance released last December proposes that an AQF7 qualification, which is equivalent to a three-year full-time university degree, or an AQF8...

  17. Mid-tier tips M&A activity to surge in 2018

    cent have tipped corporate activity levels to be higher than 2017, with the remainder expecting it to be at least as high as last year. According to the report, 2017 saw a surge in M&A activity in Australia, with 1,127 deals — up 55 per cent on volume...

  18. Accountants, planners grouped together as new education standards rollout

    must have a relevant bachelor or higher degree, or equivalent qualification, and FASEA’s education guidance released last December proposes that an AQF7 qualification, which is equivalent to a three-year full-time university degree, or an AQF8...

  19. ATO gets defensive on big business tax compliance

    larger, than the large corporate tax gap that we released of $2.5 billion dollars,” said commissioner Chris Jordan late last year. [email protected]

  20. 5,000 tax agents linked to key ATO compliance target

    balance cap requires the tax office to have significantly more up-to-date data on a fund’s assets and activity. Late last year, the ATO said since the latest round of superannuation reforms, non-lodgement has become “a bad thing times 10” for the...