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  1. Receipt Bank appoints new CEO

    of Circl.org, a next-generation leadership development programme for students from deprived backgrounds. “I have spent the last fifteen years at three companies which transformed global industries. The same opportunity is clearly ahead of Receipt Bank....

  2. Government pushed for Div 7A clarity in federal budget

    provide clarity over the proposed amendments to Division 7A in the upcoming federal budget, given its impending start date. Last October, Treasury released a long-awaited consultation paper of proposed amendments to Division 7A, which raised concerns...

  3. ‘Nirvana’: ATO promises more goodies post-online services rollout

    account balances; a better view of clients’ obligations and tax history, including debt and payment plan information for the last 10 years; and an overview screen that lets you quickly see what lodgment and payment obligations need action for your...

  4. PKF acquires Brisbane firm

    said it followed in the footsteps of its NSW Central Coast arm, which acquired a boutique chartered accounting firm in July last year. “Kim Partners is a firm that is known for servicing the Asian business market in Brisbane. By introducing Kim Partners...

  5. New TPB chair unveiled

    Mr Frydenberg. “The government also wishes to thank outgoing chair Mr Ian Taylor for his significant contribution over the last six years.” [email protected]

  6. ‘Stars have aligned’ for accountants in the advice space: David Smith

    it was hard to get the accounting voice heard so I have some sympathy for the accounting bodies in losing ground over the last 15 to 20 years because it is hard to get the ear of government.” [email protected]

  7. CountPlus acquires NSW firm, announces half-year results

    results derives in large part from the adherence by our member firms to shared values and non-negotiable team rules.” Last year, the network announced the acquisition of a minority stake in Victorian-based O’Brien Accountants & Advisors, its first...

  8. MYOB set to proceed with takeover bid

    in which MYOB were free to solicit competing proposals, after it signed the scheme implementation agreement with KKR late last year. The scheme comes at the revised $3.40 per share in cash for MYOB shares that KKR does not already own, down from the...

  9. Former ATO veteran Michael Cranston joins law firm

    Michael Cranston will enter the private sector as a tax consultant in a boutique law firm. Mr Cranston, who just last week was found not guilty of misusing his position to benefit his son, has joined Waterhouse Lawyers as a tax consultant. Tania...

  10. Trans-Tasman e-invoicing board established

    information — that makes life a lot easier for the agent, but it also means you can focus on the analytics,” Mr Walker said last year. [email protected]

  11. Tax credit draft ruling will encourage ‘aggressive claims’: Tax Institute

    for claiming an input tax or fuel tax credit, with its draft ruling set to encourage “aggressive claims” from taxpayers. Last year, the tax office released Draft Miscellaneous Taxation Ruling MT 2018/D1 which sets its view on time limits for entitlement...

  12. Spike in fees for liquidators, auditors slammed

    called for additional funding for the Tax Practitioners Board (TPB) but criticised the practitioner fees hike announced in last year’s federal budget to fund such a measure. “Given that a well-functioning and regulated profession is critical to the tax...

  13. Uncertainty driving investor interest in wholesale property trusts

    million in quality assets in Queensland, Victoria and New South Wales. Recently we have seen an increase in inquiry, and our last offer, a Hospitality Trust in Bundaberg, was over-subscribed in less than three weeks. We’ve also seen strong enquiry for...

    • Type: Article
    • Author: Steve de Nys, Stronghold Investment Services
    • Category: Business
  14. Full Federal Court overturns tax residency decision

    keep relevant, contemporaneous evidence so that they can support their position in any ATO audit.” Reviewing residency rules Last year, the Board of Taxation released its report on its review of income tax residency rules for individuals, finding that...

  15. ATO homes in on SMSF auditors

    funds.” Ms Fleming said that the number of auditors that the ATO has been referring to ASIC has increased over the last three years. “Of the 715 auditors that we’ve reviewed, we’ve referred 96 to ASIC. I think that is a reflection of the SMSF industry...

  16. Tax practitioners owe $90m in outstanding debt, TPB ready to pounce

    of its debt and lodgment project. The TPB’s debt and lodgment compliance project for tax practitioners, first announced late last year, has yielded positive initial results, with over 2,000 practitioners updating their outstanding lodgments and repaying...

  17. Thank you for registering webcast 03-26-2019

  18. Detailed STP register published, only 6 products ready to go

    to market in the following months. The bill extending single touch payroll to businesses of all sizes received royal assent last Friday, with the Tax Office responding by publishing a detailed register of products, their pricing, and availability ahead...

  19. Concerns fester over auditor disciplinary board, government reappoints chair

    years 2009-10 and 2011-12. Accordingly, a report by the Parliamentary Joint Committee on Corporations and Financial Services last year raised concerns “about the efficiency and effectiveness of CADB being such a small body, with such a small and...

  20. On-demand webinar: Taking the worry out of increasing your fees

    Townsend, Founder, The Accountants Millionaires’ Club. Heather is the author of 'The Accountants Millionaires' Club'. In the last year her clients have added over £1 million in fees to their client portfolio. Myles Mclaren, Accountant Specialist,...

    • Type: Article
    • Author: GoCardless
    • Category: Business