Recommended for you
Articles
Stage two anti-money laundering reforms on accountants’ agenda
- Accounting updates
Stage two AML legislation is on the table. Here’s what it means for public practitioners
Published on5 min read timeRead ArticleWhich companies are on ASIC’s audit radar?
- Audit
Large proprietary companies are now on ASIC’s audit radar
Published on6 min read timeRead ArticleHow pre-insolvency consultants can cost a distressed small business
- Insolvency
Here’s why small businesses should keep losses to a minimum when considering insolvency
Published on5 min read timeRead ArticleFMA to step up audit review frequency
- Audit
NZ’s FMA is increasing its audit reviews of listed entities
Published on4 min read timeRead ArticleAudit quality in the spotlight
- Audit
- Professional standards
CPA Australia has a tool to help move mindsets from quality control to quality management
Published on5 min read timeRead ArticleProfessional standards for audit under the spotlight
- Audit
- Professional standards
Auditors take note: a risk-based iterative method of quality management is now mandatory
Published on3 min read timeRead ArticleSmall business feels the squeeze as accountants feel the pressure
- Insolvency
Insolvency returns to pre-COVID levels while tax debt and bank referrals equate to busy times ahead
Published on4 min read timeRead ArticleLenders and banks escalate demands for accountant’s letters
- Public practice
Insistence from financial institutions for accountant’s letters is dangerous territory
Published on4 min read timeRead ArticleAccountants hit by 45 per cent penalty tax on superannuation
- Superannuation
See why CPA Australia is arguing that the NALI provisions should be repealed
Published on3 min read timeRead ArticleATO clarifies s100A but raises some eyebrows
- Taxation
What tax experts have to say about the ATO’s new guidance on section 100A of ITAA 1936
Published on5 min read timeRead ArticleHow consumer data rights will affect your client
- Business finance
- Data management
Open banking could offer clients more competitive overdrafts and business financing
Published on4 min read timeRead ArticleWhen insolvency threatens, be open and honest
- Insolvency
Attend to basics, act early and don’t avoid hard conversations with clients in financial distress
Published on5 min read timeRead ArticleHow accountants can handle client insolvency
- Insolvency
Accountants need to be upfront with clients whose businesses are in trouble. Here’s why.
Published on6 min read timeRead ArticleIRD pushes into data matching to tackle black economy
- Technology
Six-monthly merchant transaction information needed from banks and other payment providers
Published on4 min read timeRead ArticlePersonal services income explained
- Taxation
A new ATO ruling seeks to create a fairer playing field
Published on5 min read timeRead ArticleNew Zealand's 2023 legislative outlook
- Taxation
- Economy
GST, income insurance and other matters are all on this year’s legislative agenda
Published on4 min read timeRead ArticleASIC audit firm inspections: timely heads-up for smaller firms
- Audit
When it comes to improving audit quality, there are good reasons to act now rather than later
Published on6 min read timeRead ArticleFMA shifts audit quality focus as new control standard kicks in
- Audit
The NZ regulator says there’s room for further improvement in audit firms’ procedures
Published on4 min read timeRead ArticleUrgent review of sophisticated investor criteria needed
- Financial planning
Many clients now qualify as sophisticated investors. Here’s why it’s important to exercise caution.
Published on5 min read timeRead ArticleWhat happens when a SMSF member dies?
- Superannuation
Some death benefit wishes can be open to legal challenge. The devil is in the trust deed detail
Published on4 min read timeRead ArticleAuditing Standard ASQM 1: Far more than a checklist
- Audit
It has a caveat, but audit firms can gain valuable benefits from a new quality standard
Published on4 min read timeRead ArticleRaft of super changes heading your way
- Superannuation
Practitioners should alert clients about possible benefits
Published on5 min read timeRead ArticleRegulators tighten their grip on cryptocurrencies
- Digital transformation
Widely used and under scrutiny, here's what practitioners need to know about crypto
Published on4 min read timeRead ArticleSpecial purpose financial reporting removed for AFSLs
- Financial reporting
From 1 July, some for-profits can no longer prepare SPFS. Here’s what the changes mean.
Published on2 min read timeRead ArticleSuperannuation Guarantee increase poses new risks
- Superannuation
Employers and those on the payroll need to be across what the hike in SG payments may mean
Published on4 min read timeRead ArticleFamily trust distributions – what accountants need to consider
- Taxation
An ATO guidance package clarifies client trust dealings
Published on6 min read timeRead ArticleHow CDR rules affect you and your clients
- Public practice
Advisers are front and centre when dealing with financial providers on behalf of clients
Published on3 min read timeRead ArticleNew Zealand economy 2022: trends, policies, legislation
- Public practice
- Taxation law
Find out what is likely to dominate the New Year economic outlook
Published on5 min read timeRead ArticleDirector identification number is now a legal requirement
- Corporation law
- Public practice
Why now is the perfect time to update company director clients on their new obligations
Published on5 min read timeRead ArticleExemptions for insolvent businesses advocated
- Public practice
- Financial reporting
The requirement for insolvent companies to report is unduly onerous
Published on3 min read timeRead ArticleFee threshold on SMSF audits stokes industry angst
- Audit
- Superannuation
Many are vexed by proposed fee-related provisions aimed at reinforcing auditor independence
Published on5 min read timeRead ArticleTime to get set for superannuation stapling
- Superannuation
- Public practice
Employers will soon need to comply with a new super stapling regime
Published on5 min read timeRead ArticleAuditing standards failure leads to criminal conviction of auditors
- Audit
- Insolvency
Failure to apply auditing standards has led a Sydney audit firm into hot water
Published on2 min read timeRead ArticleACNC review: NFPs outside the charity space can learn from these mistakes
- Not for profit
- Financial reporting
Related party disclosures are the most common errors in financial statements
Published on4 min read timeRead ArticleVale Murray William Wyatt FCPA
- Public practice
A strong advocate for public practitioners and the accounting profession has sadly passed away
Published on2 min read timeRead ArticleWage theft bill heralds underpayment scrutiny
- Public practice
- Business law
Some states are ramping up wage theft legislation. Here’s what clients need to know about the penalties.
Published on4 min read timeRead ArticleFinancial services: Making sense of coming legislative changes
- Financial planning
- Public practice
Here’s how the Royal Commission recommendations affect the future of professional advice
Published on5 min read timeRead ArticleWhy director accountability is on the regulator radar
- Insolvency
Here’s what your clients need to know about director resignations and anti-phoenixing laws
Published on2 min read timeRead ArticleFailed JobKeeper applicants may get second chance
- Small Business
- COVID 19
The Full Federal Court has instructed the Commissioner of Taxation to exercise his powers of discretion regarding JobKeeper
Published on2 min read timeRead ArticleWhat the end of special purpose reporting means for your clients
- Financial reporting
Which clients will be affected by the removal of the special purpose financial reporting framework?
Published on4 min read timeRead ArticleNew cash flow management help for SMEs
- Business finance
The ATO’S Cash Flow Coaching Kit is designed to help SMEs get back on track
Published on5 min read timeRead ArticleLenders put practitioners in the due diligence hot seat
- Business finance
Loosening lending rules in tough economic times may encourage creditors to further rely on “capacity to repay” certificates. Should accountants comply?
Published on5 min read timeRead ArticleJobKeeper eligibility: test case opens the door to claims
- Accounting systems and processes
A tax ombudsman’s report show rejected JobKeeper applications deserves a second look
Published on3 min read timeRead ArticleHow will a two-tiered insolvency regime work?
- Business law
- Business finance
Practitioners play an important role guiding clients to the right solutions
Published on4 min read timeRead ArticleGovernment throws small business an insolvency lifeline
- Insolvency
- Small Business
Australia has scrapped one-size-fits-all insolvency
Published on5 min read timeRead ArticleWhat’s new in Jobkeeper 2.0?
- COVID 19
- Disaster recovery
The extension is welcome news but there’s effort involved in navigating the two-tier payment system
Published on4 min read timeRead ArticleASIC announces ‘no action’ on right-of-use lease assets
- Business finance
The regulator’s temporary move is good news for AFS licensees
Published on3 min read timeRead ArticleRestructured code of ethics clarifies SMSF audit independence issues
- Audit
Here are some of the new requirements coming out of changes to the restructured code
Published on5 min read timeRead ArticleNew Zealand insolvency law: the times they are a changin’
- Insolvency
A new licensed insolvency practitioner regime could see members play more active roles
Published on3 min read timeRead ArticleUnderstanding rent relief for commercial and retail leases
- COVID 19
- Business finance
Can the legislation for rent relief deliver the right balance between landlords and tenants?
Published on6 min read timeRead ArticleNew Zealand determined to stamp out rogue insolvency practitioners
- Practice management
NZ has taken considered but far-reaching legislative action to eradicate the problem
Published on4 min read timeRead ArticleAudit guide sets context for inquiry
- Audit
Auditors are under the microscope, but is a wholesale overhaul of the profession necessary?
Published on2 min read timeRead ArticleCPA Australia consults on aged care abuse inquiry
- Financial reporting
CPA Australia throws its weight behind finding solutions to the troubled aged care sector
Published on4 min read timeRead ArticleTake the superannuation guarantee contributions test
- Business law
- Company law
Take the following quiz to find out if you’re up to speed with the most recent changes
Published on3 min read timeRead ArticleLabour hire licensing scheme: what you need to know
- Business law
- Business advisory
The new scheme comes with stiff penalties for businesses dealing with unlicensed suppliers
Published on3 min read timeRead ArticleYour practical guide to behaviours that improve audit quality
- Audit
- Education
A new guide aims to address shortcomings in audit quality
Published on4 min read timeRead ArticleHow to reduce the impact of regulatory burden
- Public practice
A new report reveals changes to accountants’ regulatory regime would help businesses
Published on3 min read timeRead ArticleNew push to stamp out illegal phoenix activity in Australia
- Taxation
- Practice management
Accountants are at the forefront as the government cracks down on illegal phoenix activity
Published on5 min read timeRead ArticleHigh cost of regulatory burden
- Practice management
- Research and initiatives
Regulatory complexity places a burden on public practitioners, with flow-on to clients
Published on5 min read timeRead ArticleHow to manage audit risk and improve your processes
- Audit
- Accounting systems and processes
Investigating the root cause of audit anomalies can be handled with a step-by-step approach
Published on3 min read timeRead ArticleDealing with vulnerable clients suffering from financial abuse
- Financial management
Accountants are uniquely placed to guard against elder financial abuse, here are some signs
Published on5 min read timeRead Article