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  1. ‘Material decline’ in corporate insolvencies

    published its yearly review of corporate insolvencies, which based on statutory reports lodged by external administrators last financial year. The reports show a “material decline” in reports received during the 2016/17 financial year, down almost 18...

  2. CA timetabling issues see more delays for students in 2018

    ensuring timely progression through the CA Program,” the spokesperson said. This echoes the issues experienced by students last year, where 900 were impacted by a timetabling re-structure from semesters to trimesters. To accommodate those students, CA...

  3. ‘Substantiation will be a key focus’: ATO drums in tax time 2018 hit list

    said. ‘Other’ work-related expenses will be an area of focus for record-keeping, after $7.9 billion in claims were recorded last year between about 6.7 million Australian taxpayers. Expenses of this nature can include home office, union fees, mobile...

  4. KPMG spies app fatigue in accounting

    counterproductive and are sparking scepticism and fatigue in accounting circles, according to KPMG. Research from Deloitte last year shows apps lead the way when it comes to core business and social behaviours like networking, with 79 per cent of mobile...

  5. ‘We need to move into the black’: Big changes underway at CA ANZ

    black.” Chief executive Rick Ellis’ “strategic review” of CA ANZ, which he announced within three months of taking office last year, is starting to take shape in the form of internal policy and personnel changes with aims to ultimately create a...

  6. National network adds new firm ahead of EOFY

    come before 30 June. Queensland based firm, Divest Merge Acquire (DMA), joined Walker Wayland as a boutique member firm late last week, after several months of talks. A boutique membership effectively formalises a referral relationship for a firm within...

  7. CA ANZ boss hints at joint accounting bodies reunion

    the associations was intended to present a united lobbying front to government on behalf of the accounting profession. The last formalised meeting between the three bodies was in 2012, but CA ANZ chief executive Rick Ellis said he’s in talks with CPA...

  8. Sage makes play for larger firms in latest partnership

    Sage, the partnership reinforces its focus on the tax return market in Australia, and is in line with plans it foreshadowed last year to target larger firms. Sage’s traditional base has been firms with less than 10 employees, but its outgoing accounting...

  9. 'A busy night' for accountants: Chris Richardson

    Budget Paper No. 2, the one that has the decisions in it, and as Fairfax journalist David Crowe noted, it looks bigger than last year's, and although some things have been leaked or been speculated about ahead of the budget, I think you can safely say...

  10. Cryptocurrency audits tipped to increase this EOFY

    be part of a broader risk analysis by the ATO.” New register requirements for digital currency exchange providers introduced last month are also a clear direction of the government’s broader plan to close out any tax loopholes related to cryptocurrency....

  11. 3 Fail-safe Ways to Land New Clients

    you will be able to refine your skillset, develop a stronger profile and address your market more effectively. And the last one: capitalise on the power of content marketing. By reaching out to a targeted audience with relevant and engaging content you...

    • Type: Article
    • Author: Nicolette Maury, Vice President and Country Manager, Intuit Australia
    • Category: Business

  12. Clean sweep for CPA board at AGM

    hurt, anger, and the extreme disappointment that members have experienced over the events that unfolded in our organisation last year”. It then descended into a frustrating evening for members present when Mr Wilson revealed that the four board-proposed...

  13. Accountants become unlicensed as Dover shuts down  

    Lawyer and financial services executive Terry McMaster wrote to authorised representatives of his Dover licensee business last week, announcing the cancellation of its AFSL following the intervention of ASIC. According to the email, obtained by...

  14. Popular deduction in ATO’s firing line after 20% spike

    to quash "automatic entitlement" claims. According to the tax office, clothing claims have risen by 20 per cent over the last five years, with 6 million people claiming nearly $1.8 billion in laundry expenses last year. “While many of these claims will...

  15. Record intake for KPMG brings down partnership to 75% male

    per cent of internal promotions. The partnership is now 25 per cent female, a slight improvement from 24 per cent this time last year. KPMG’s Alison Kitchen, the firm’s first female chair, marked gender diversity as a top priority around her appointment...

  16. CPA Australia shuts down licensing arm

    by former auditor-general Ian McPhee. Mr McPhee's recommendation followed the association's corporate governance crisis last year. CPA Advice has struggled from its launch in 2015 to attract members, falling hundreds short of its business projections by...

  17. Accounting offshore – the 8 things you need to know

    your investment offshore when you’re not there. About the author Andrew Mault has worked in operational management for the last 25 years, in outsourcing and offshoring for the last 12 years, and has been based in the Philippines for the last 5 years....

    • Type: Article
    • Author: Andrew Mault
    • Category: Business

  18. Reckon first-half results take a hit

    morning, Reckon posted a $39.9-million revenue for the six months to June 2018, down 6 per cent from $42.3 million recorded last year. Its net profit attributable to members came up to $5.2 million, down 5 per cent from $5.4 million last year. MYOB’s...

  19. ‘I had no off switch’: Rod Drury reflects on time as head of Xero

    software firm for the past 12 years, admitting to being unable to find optimal work/life balance. “I flew every week for the last two years and, really, for the last 15 years, I’ve flown at least every week or two. While I like to think I was a good...

  20. Interrogation claim from accounting firm puts heat on ATO

    firm that claimed there were “interrogated” by the ATO while acting on behalf of their clients. In a parliamentary hearing last week, Senator Cory Bernardi raised an issue brought to his attention by an unnamed accounting firm that claimed that they and...

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