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  1. myGovID concerns not ‘insignificant’ as deadline looms

    documents causing an error in set-up. Such naming mismatches might occur when a practitioner has taken on their partner’s last name and the change has not been reflected on one of the required identity documents. Accountants Daily understands the ATO...

  2. Multiple changes to tribunal, standards boards

    The government made a number of appointments last week, including to the Auditing and Assurance Standards Board, the Superannuation Complaints Tribunal and the Payments System Board. Last Friday federal Treasurer Scott Morrison announced multiple...

  3. Moves to make instant asset write-off permanent applauded

    feature of the tax system, which has been well received by advisers to small business. According to its costings, released last week, the Labor Party would retain the $30,000 instant asset write-off for SMEs, introduced as part of the government’s...

    • Type: Article
    • Author: Reporter
    • Category: Business
  4. Most taxpayers ‘will be in the dark’ about WFH changes

    have an accountant, they could be in for a big surprise if they prepare their return via myTax in the same way they did last year – and they could be opening themselves up to an audit as a result.” CPA Australia senior manager tax policy Elinor...

  5. Most taxpayers ‘in the dark’ about their return result

    supplied to Accountants Daily, showed the average refund for returns processed during July was down by $438 compared with last year to $2,331. However, taxpayers using an agent got a substantially better result with an average return of $2,669 against...

  6. Most sought-after accounting services revealed

    years out from sale. Over 70 per cent of all SME purchases from accountants fell into one of these two categories in the last 12 months. “Sounding board” services involve regular meetings, on either a quarterly or monthly basis, where business risks,...

  7. Most pay rises next year ‘will fail to match CPI’

    of 10 employees were confident about opportunities in their sector but the number who felt very confident had halved in the last two years to just one in six. “When asking themselves the question, ‘Should I stay or should I go?’ employees are...

  8. Most banks looking to robo-advice as ATO warnings released

    product personalisation, followed by open banking, and paperless trading. This news follows a statement from the ATO late last week, suggesting claims made by robo-advisers to accountants might be misleading. In a website update, the tax office said...

  9. Morrison government fronted on $1.5bn accountant advice scheme

    in almost a century, and the announcement of measures such as the complex insolvency reforms announced by the government last week,” Mr O’Connor said. “Businesses are already closing, workers are already being laid off and many vulnerable Australians...

  10. More women become finance and accounting leaders during COVID

    is imminent, the number of women in senior management positions in Australia remains at 32 per cent in 2022, the same as last year, according to the report. The figure has grown by just 10 percentage points in Australia over the past eight years,...

  11. More than 2000 financial advisers ‘to quit this year’

    Wealth Data report, which estimated the number of advisers will fall to 13,000 by the end of 2023 from 19,000 at the end of last year. More than 234 financial advice licences (AFSL), each of which covers multiple advisers, were discontinued in 2021 –...

  12. More questions than answers in code of conduct revisions

    command our attention this year. Proposed legislative measures that did not complete their passage through Parliament by the last sitting day of 2023 (7 December) are likely to be progressed following the resumption of parliamentary sittings on 6...

  13. More proof that a pay rise is on the cards for accountants

    of employers will increase their accountancy staff salaries in their next review, up from 87 per cent who did so in their last review. While this puts accountants ahead of their other white-collar counterparts, Hays notes that the pay increases may not...

    • Type: Article
    • Author: Reporter
    • Category: Business
  14. More downtime looms as ATO grants deadline relief

    of the ATO’s key portals, including the tax agent and BAS agent portals, have — unsurprisingly — persisted over the last two to three weeks. They are likely to continue as the ATO continues to adjust and restore its systems. “The issues we have...

  15. More accounting groups to enter mortgage space

    acumen. Lending has always gone hand in hand with accounting and financial planning, she said. Her comments come after last week’s announcement that national accounting firm Chan & Naylor had inked a deal with a mortgage brokerage. Chan & Naylor...

    • Type: Article
    • Author: James Mitchell
    • Category: Business
  16. Moore Stephens triples director appointments for FY19

    in new markets over the next 12 months. Moore Stephens added 12 new directors as of 1 July, up from four at the beginning of last financial year. This is the highest intake for a financial year in the network’s history. The appointments include a...

  17. Moore Stephens secures local talent amid Victorian expansion

    an exciting time to be joining Moore Stephens as it grows its local presence into Geelong and Victoria’s west. Over the last twenty years Geelong has transformed into a vibrant business centre with a growing international reputation, and I am looking...

  18. Moore Stephens loses high-profile tax specialist

    in a series of unfortunate events for the mid-tier network, which has lost its Canberra, Melbourne and Sydney offices in the last 12 months. However, the network has recently found a replacement firm in Melbourne as well as boosting its presence in...

    • Type: Article
    • Author: Staff Reporter
    • Category: Tax
  19. Moore Stephens loses another office

    said. "We would like to thank the Moore Stephens Canberra practice for the contribution it has made to the network over the last several years," the firm's executive chairman, Don Boyd, stated. The Canberra office's exit follows that, in May 2015, of...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business
  20. Moore Stephens looks to challenge big four with legal expansion

    by Moore Stephens International Limited (MSIL), with the Australian arm now part of the greater Asia-Pacific region. The last financial year also saw a record number of accounting graduates recruited across the network, with 40 graduates joining. Mr...