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  1. New ATO data renews calls for tax reform

    for 2014-15, which has prompted some advocacy groups to claim multinationals are still not “paying their fair share”. Late last week, the ATO published the tax details of some 1,904 large Australian and foreign-owned public and private companies...

  2. New assistant treasurer and super, financial services minister appointed

    has appointed Michael Sukkar as Assistant Treasurer, taking over from Stuart Robert who had been in the role since August last year. Mr Sukkar has also been appointed as Minister for Housing. Mr Morrison said that Mr Sukkar would have particular...

    • Type: Article
    • Author: Reporter
    • Category: Super

  3. New ASIC levies for accounting professionals cop backlash

    in some cases, has had industry pushback as costs to liquidators and auditors are expected to be passed onto clients. Late last week, the corporate regulator published indicative levies based on its budgeted regulatory costs outlined in ASIC’s draft...

  4. New Asia-Pacific taxation taskforce announced

    tactics, increase tax transparency and help countries to tackle base erosion and profit shifting in the Asia Pacific. Last week, ATO Commissioner Chris Jordan hosted the 44th meeting of the Study Group on Asian Tax Administration and Research (SGATAR)...

    • Type: Article
    • Author: Michael Masterman
    • Category: Tax

  5. New anti-money laundering obligations get pushback

    transactions. Work to bring accountants, lawyers and real estate agents under the regime were stalled by the government last year, with Labor now set to use this as an election campaign issue to combat criminals who use “dirty money” from crime...

  6. New acquisition confirmed for global software provider

    organizations. Sage was already a minority shareholder of Fairsail, having launched a shared product, Sage People, together last year. “We have been unequivocal about giving growing and ambitious businesses a real-time, frictionless way to manage their...

  7. New accounting network chair reveals growth plans

    accounting network has detailed how he plans to leverage the ageing population to achieve growth on a macro and micro level. Last week, Countplus Limited announced the appointment of Ray Kellerman as non-executive chairman, following the retirement of...

  8. Necessary changes to the TASA Determination

    provision that is easily understood and implementable. Section 45 will apply to events that have occurred within the last five years, however: The five-year look back period does not apply to matters or events occurring before 1 July 2022 (to align with...

  9. NDIS fraudsters slapped with combined 12-year prison sentence

    to combat fraud and support those who genuinely rely on these services.” The trio faced the Sydney Central District Court last Thursday where all three pleaded guilty to the committed fraud against the Commonwealth contrary to section 135.4(1) of the...

  10. Navigating business debts as the ATO ramps up collection activity

    how they manage these debts, according to specialist credit provider Global Credit Investments (GCI). Since the middle of last year, the ATO has accelerated its activities with debt collection following a more relaxed and supportive approach during the...

  11. Navigate change with these 5-steps to achieving best practice payroll

    your ability to manage payroll? Did you have the right systems and data security credentials in place? If a review of the last three to four months exposes serious concerns or gaps in your process, you may find it is time to consider outsourcing or...

    • Type: Article
    • Author: ADP Australia and New Zealand
    • Category: Regulation

  12. National tax network eyes growth in bookkeeping arm

    known for its income tax services in particular, is eyeing growth in its bookkeeping service line after a soft launch last year. Though they didn’t make a “song and dance” about it as they have with other new service lines, H&R Block started a...

  13. National network set for aggressive acquisition launch

    H&R Block confirmed to Accountants Daily it has set its fee acquisition target at $2 million for this financial year. In the last three years, H&R Block has acquired 10 independent practices, totalling about $3 million in fees. The network will be...

  14. National network moves in on WA merger

    deal will see Carbon expanding its Perth accounting services after it made moves in the Queensland and Melbourne market late last year. Parish Business Services owner Jason Parish will become a partner in Carbon’s advisory division as a part of the...

  15. National network looks to up bookkeeping acquisitions

    partner Nathan Hood’s goals of having 10 hubs across Australia. “We’ve now got three hubs in Perth and launched in Melbourne last year. In the near future, we want to have offices in all states and territories. There are opportunities for growth...

  16. National network adds new firm, set to rival big 4 on specialist offering

    dominated by big four firms. Walker Wayland has added Visa Solutions Australia as a boutique member firm, effective last Friday, after about three months of negotiations. “This is an important service offering for our clients. My understanding is the...

  17. 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...

  18. National accounting survey finds M&A ‘back on the radar’

    less than one in five respondents were happy with their practice’s client retention and growth rates — a major decline since last year, when that figure was 41 per cent. To tackle growth objectives, 50 per cent of respondents had segmented their client...

  19. National accounting network adds new firm

    beginning of this calendar year, and chair of Walker Wayland Paul Hilton said the network has been eyeing the firm for the last couple of years. For Walker Wayland, the addition expands their reach in Western Australia, where it didn’t have any presence...

  20. National accounting and planning bodies announce alliance

    described as both a “commercial and political alliance”. Addressing the AIOFP offshore conference in Phnom Penh, Cambodia, last week, NTAA Advice member advocate Phil Osborne said his organisation is seeking access to trusted relationships with...

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