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Tackling trust administration In this week’s episode of Accountants Daily Insider, Class senior analyst Angelique Faes takes a closer look at trust administration and why it’s ripe for disruption....
ATO promises not to ‘destroy’ businesses as it resumes debt collection Businesses struggling with tax debts have been urged to re-engage with the ATO as it pledges not to “destroy the very thing that [it has] been trying to support” thro...
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Mid-tier accounting network acquires Newcastle firm An ASX-listed accounting network has acquired a practice in the Hunter as part of a five-year expansion plan. ...
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Senator floats tax reform to lure business investment, immigration Introducing a corporate tax concession, flexibility for entrepreneurs who don’t spend the entire financial year in Australia, and the abolition of interest withholding ...
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Time to simplify accounting for goodwill and intangibles New research on the treatment of goodwill highlights the need to radically simplify accounting practices and why amortisation, which we said goodbye to a couple of decade...
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MYOB targets large accounting practices with new launch MYOB has announced the launch of a new business management platform for large accounting practices. ...
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KPMG confirms 4% pandemic bonus KPMG has now confirmed that staff will receive a one-off “thank-you payment” worth 4 per cent of their annual salary. ...
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Value behind traditional lodgements is diminishing, says the ATO Tax agents who continue to base their value and business model around the traditional tax return will struggle as the tax system gets increasingly digital, says ATO secon...
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Early access to super used to pay mortgages, credit cards, bills New data shows that nearly a third of those who applied for early access to their superannuation as a result of COVID-induced financial hardship used the money to pay the...
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Illegal early access scheme operator pleads guilty A financial adviser who operated a scheme providing illegal early access to superannuation funds for his clients has now pleaded guilty to two count of deception. ...
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