Latest Accounting Industry News & Trends

A new survey suggests many accountants providing SMSF advice were licensed well ahead of the end of the accountant’s exemption.

3 April

Accounting

Most accountants unmoved by removal of accountant’s exemption

A new survey suggests many accountants providing SMSF advice were licensed well ahead of the end of the accountant

The Government needs to bring back the loss carry-back initiative to allow firms to clawback their tax paid when they incur revenue loss, the IPA believes.

13 February

Accounting

Loss carry-back should be reintroduced

The Government needs to bring back the loss carry-back initiative to allow firms to clawback their tax paid when

7 February

Accounting

SMSF advice not for all accounting firms

Running an SMSF advice arm may not be the best option for smaller accounting firms, according to Count Financial.

Financial planners and accountants need to change their mindset and the way they work to successfully service SMSF clients under the new licensing rules.

31 January

Accounting

Planners and accountants need to change mindset

Financial planners and accountants need to change their mindset and the way they work to successfully service SMSF

There could be a drastic drop in the number of SMSFs over the next couple of years in light of the scrapping of the accountants’ exemption as costs increase for members.

30 January

Accounting

Cost increase to repel SMSFs

There could be a drastic drop in the number of SMSFs over the next couple of years in light of the scrapping of

The Australian Taxation office (ATO) will intensify the tax audits of businesses in 2017 as it looked to raise revenue, according to Pilot Partners.

27 January

Accounting

ATO aims at businesses

The Australian Taxation office (ATO) will intensify the tax audits of businesses in 2017 as it looked to raise

Zurich Financial Services Australia has announced the appointment of Peter Mitchell to the position of national sales manager, retail risk.

25 January

Accounting

National sales manager appointed at Zurich

Zurich Financial Services Australia has announced the appointment of Peter Mitchell to the position of national

Accountants and financial advisers should use data analytical capabilities of artificial intelligence and robo-advice to enhance their services of providing financial guidance to clients.

17 January

Accounting

Use AI and robo-advice to enhance services

Accountants and financial advisers should use data analytical capabilities of artificial intelligence and robo-

A co-regulatory model in relation to ASIC’s responsibilities would boost ASIC’s capacity to fulfil its responsibilities, IPA believes.

12 January

Accounting

IPA proposes co-regulatory model with ASIC

A co-regulatory model in relation to ASIC’s responsibilities would boost ASIC’s capacity to fulfil its

11 January

Accounting

Accountant licensing changes dents profits

Accounting firms have underestimated the impact of further study on their profit and productivity as accountants

The IPA has supported the Misuse of Market Power Bill but believes there are amendments that unnecessarily complicate the law.

11 January

Accounting

IPA supports Misuse of Market Power Bill

The IPA has supported the Misuse of Market Power Bill but believes there are amendments that unnecessarily

The ATO should compensate accountants for their loss time and productivity due to the continuing technology issues with the ATO portal, according to the Institute of Public Accountants.

15 December

Accounting

ATO should compensate accountants

The ATO should compensate accountants for their lost time and productivity due to the continuing technology issues

Accounting

Most accountants unmoved by removal of accountant’s exemption

Loss carry-back should be reintroduced

SMSF advice not for all accounting firms

Planners and accountants need to change mindset

Cost increase to repel SMSFs

ATO aims at businesses

National sales manager appointed at Zurich

Use AI and robo-advice to enhance services

IPA proposes co-regulatory model with ASIC

Accountant licensing changes dents profits

IPA supports Misuse of Market Power Bill

ATO should compensate accountants

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