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  1. New SMS scam ‘spoofs’ ATO number

    of what is happening with the current scams, which ultimately helps protect the Australian community,” said Ms Foat. Late last year, the ATO issued a high alert after more than $800,000 was reportedly lost during November due to a spike in scam phone...

  2. New service line, competitor hire for mid-tier

    They want their advisers to develop strategic and practical ways to improve business performance. Security enforcement is a last resort,” he said.

  3. New robo-advice tool released for accountants

    are now able to direct their clients to digital financial advice through a new partner program launched by Stockspot. Last month, digital investment adviser and fund manager Stockspot launched its Partner Program for Accountants. Stockspot began giving...

  4. New review, remediation guide issued to licensees

    Consultation Paper 247 Client review and remediation programs and update to record-keeping requirements, issued in December last year. “ASIC wants to ensure that advice licensees proactively address any systemic problems caused by their conduct and,...

    • Type: Article
    • Author: Reporter
    • Category: Tax

  5. New research reveals top features of accounting firms

    to clients. Staff productivity is also an issue that’s growing in concern, moving to the seventh position from twelfth last year. Accounting practices are pursuing various measures to address the difficulty and cost of recruiting experienced staff,...

  6. New requirements now in full swing for bookkeeping software

    of new multifactor authentication requirements, in light of the changing security framework for their software providers. Last month, the ATO released its Operational Framework for Digital Service Providers (DSPs) as part of its response to the business...

  7. New reporting regime tipped to expose old accounting habits

    with accountants on a daily basis, revealing certain habits that may be detrimental when the new reporting regime kicks in. Last week, the ATO announced that from 1 July 2018, SMSFs that have members with total superannuation account balances of $1...

  8. New rego and exit fees in the pipeline for auditors

    The new fees are a drop from the previously proposed $3,429 amount during the government’s first consultation period late last year. Approved SMSF auditors applying to exit the sector will be hit with a deregistration fee of $899. The Institute of...

  9. New quarterly STP reporting method for closely held payees revealed

    through pre-fill for that person's tax return” Legislation to introduce STP across businesses of all sizes was passed last month, with the ATO granting a three-month buffer to 30 September 2019 for small businesses to transition to the new regime. The...

  10. New pre-fill data ‘invaluable’ amid expenses crackdown

    for the pre-filling service 2018, a work-related expenses message indicating which clients made higher-than-expected claims last year will now be available on the PLS. Further, there will be a dividend and interest income message indicating which of...

  11. New platform capitalises on accountants’ AFSL woes

    OpenInvest platform, which facilitates retail investor access to a market of fund managers, launched at an event in Sydney last night. One of its co-founders, former Praemium director Andrew Varlamos, said the concept was partly motivated by an advice...

  12. New payments platform set to shake-up invoicing, payroll

    “The direct entry system is a great system, it works well, it is cheap, it is functional and it has done its job for the last 40 years but it is not the system that Australia needs to move through another 40 years of innovation in the payments industry...

  13. New payment time review underway

    Education Michaelia Cash for advice on the effect these payment practices are having on small and family businesses. Last year, the ASBFEO released its final report on payment times, finding that Australian and multinational companies are increasingly...

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

  14. New PAYG laws to place focus on on-time BAS lodgment

    comply with withholding obligations will place a focus on the on-time lodgment of BAS, practitioners have been warned. Late last year, new legislation to deny an income tax deduction for certain payments if the associated withholding obligations have...

  15. New partner intake takes yearly total to record high: BDO

    The mid-tier firm welcomed 10 new partners to its leadership last week, in addition to the 15 appointed to the partnership in February, bringing its financial year partner intake to 25 — the largest in the history of the firm. BDO Australia on Friday...

  16. New partner hire brings BDO national tally to 188 partners

    BDO, and being able to attract a partner of the calibre of Leah is a testament to BDO’s growth and investment in this area.” Last week, BDO also announced the appointment of a new partner specialising in leadership development as it looks to bolster its...

  17. New online services rolls out to all BAS agents

    it sounds like a minor thing but simple things like that make it very easy to navigate.” Feedback from other private testers last year were largely positive as well, particularly around new functionality, including increased visibility and access to...

  18. New mid-tier director tips M&A spike

    the firms’ corporate and mid-market M&A business as activity begins to increase, and is eyeing growth this financial year. Last week, RSM announced the appointment of Justin Audcent as a director in its Western Australia corporate finance team. Mr...

  19. New mid-tier director eyes M&A sector

    in valuations to focus on growing the firm's M&A advisory focus. Moore Stephens WA announced the appointment of Peter Gray last week as a director in its corporate advisory team. Mr Gray, who was most recently working at RSM, has also had experience...

  20. New measure set to target withholding obligations

    the cash economy. Treasury Laws Amendment (Black Economy Taskforce Measures No. 2) Bill 2018 was introduced in the Senate last week, and aims to deny income tax deduction for certain payments if the associated withholding obligations have not been...

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