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  1. Surprising jobs figures released for accounting, finance

    broadly, which includes lawyers and accountants, was up 9.5 per cent. “The sector to suffer the weakest quarter, and indeed last twelve months, was retail and wholesale. The 4.4 per cent fall in the March quarter was less than the prior two, but...

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

  2. Tax Office figures paint different negative gearing picture

    is mainly used by teachers, nurses and emergency service personnel. The ATO’s 2016–17 taxation statistics, released late last month, showed that those with the occupation category of chief executive or managing director, general manager or director were...

  3. From builder’s labourer to CA’s star performer

    decisions. In 2017, Sequel CFO started franchising to give more accountants an opportunity to become financial mentors. Last year, I brought on a CEO and business partner, Maria Robinson, to grow the business further with me moving to an MD role. The...

  4. ATO set to launch tax record application system

    90 per cent of relevant income tax, business activity statement and fringe benefits tax lodgements that were due in the last four years of operation from the date of request for an STR, and must not have $10,000 or greater in outstanding undisputed debt...

  5. Let’s get this straight: There is a gender pay gap in accounting

    But the facts show the gender gap well and truly exists. And it is significant. Our latest Remuneration Survey reveals that last year, in both Australia and New Zealand, the average female Chartered Accountant earned around a quarter less than a male CA...

    • Type: Article
    • Author: Julia Quinn, CA ANZ
    • Category: Business

  6. Franking credits changes set to raise $58.2bn

    policy will impact. Labor’s plan to remove cash refunds for excess dividend imputation credits was first announced in March last year, with exceptions for pensioners announced soon after. Shadow treasurer Chris Bowen said the policy intent is to stop...

  7. Top policies and promises of the 2019 federal election

    April and run to 30 June 2020. This has already been passed by the parliament. As part of the release of its policy costings last week, the federal opposition unveild plans to make the instant asset write-off for SMEs permanent. Further, a new measure...

  8. PwC splits UK audit business

    split to ensure that the audit arms are under separate management from the rest of the firms’ business. “Over the last year, we have been listening to the views of a wide range of stakeholders about the future of audit, exploring how it needs to change...

  9. Trial tax clinics a hit with community, educators

    months of operation, benefitting both the community and accounting students. Announced by Prime Minister Scott Morrison late last year, the pilot phase of the national tax clinic program has now passed its three-month mark, with advice provided to 86...

  10. PwC review uncovers up to $25m in underpayment by jewellery chain

    for a number of the company’s store-based workforce in Australia. The remediation of these issues, which occurred over the last six financial years, is estimated to be a one-off cost in the range of $10 million to $25 million. “It is not presently...

  11. No new policy on private rulings, says Tax Office

    raised concerns after noticing that the ATO had stopped providing reasons in the edited versions of private rulings over the last six to eight weeks. “They published the facts, they published their answer to the question and they published the question...

  12. Major accounting software players tipped to make big moves in HR

    the Scandinavian region called Visma, and they are the leading accounting technology provider in that region. Over the last three years, they have acquired a large number of HR and payroll tech companies,” Mr Paff said. “If you look at the HR tech...

  13. ‘Be prepared to walk away’: Dealing with errant payroll clients

    million in underpayments after it found "incorrect processes and failures within its payroll and human resources functions". Last week, jewellery chain Michael Hill uncovered historic underpayments to employees worth between $10 million and $25 million...

  14. Mistakes ‘inevitable’ with ‘incredibly difficult’ awards system

    The length of the shift (minimum shift periods) The time the shift started The time the shift ended The time since the last shift ended The regularity of the shifts provided The tenure of the specific employee Any agreed minimum or maximum hours per...

  15. ‘Onerous’ SG regime called for urgent rethink

    to review the SG regime to ensure a measured approach is used to deal with employers who fall behind on their obligations. Last week, the government introduced Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2019, which crucially left...

  16. Fair Work conducts surprise raid on Chapel Street bars

    help us get to the bottom of serious allegations. “We will carefully review the evidence we have gathered, including during last night’s audits, to determine if there are any breaches of Australia’s workplace laws. “If we do uncover breaches, we will...

  17. MYOB CEO Tim Reed steps down

    online classifieds company Scout24 AG, will succeed Mr Reed as chief executive from 16 September. Mr Reed, who has spent the last 16 years at MYOB, including 12 years as chief executive, will continue to support MYOB’s business strategy in the role of...

  18. Taxation Ombudsman laments funding constraints

    to build upon the 2,712 complaints it received in the 12 months to 30 June 2019. Of the 2,827 complaints resolved in the last financial year, the IGTO received a 45 per cent satisfaction result in terms of outcome and a 65 per cent satisfaction with...

  19. Xero aims to tackle graduate practical skill gap

    in its sight as it looks to help push out graduates well versed in using cloud accounting software. Launched officially last year, Xero Learn has now been rolled out to 34 universities across Australia, with 10,000 students now having undertaken the...

  20. SMSF trustees look beyond planners

    around newer investment vehicles such as ETFs and listed investment companies. The planners surveyed indicated that in the last 12 months, 12 per cent of the SMSF funds they had advised on had been invested in ETFs, up from 11 per cent in 2018 and 10...

    • Type: Article
    • Author: Sarah Kendell
    • Category: Super
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