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Tax Ombudsman told of ATO data-matching fail

Tax Ombudsman told of ATO data-matching fail

The Inspector General of Taxation has told of an ATO data matching exercise on rental income when ended with non owners receiving letters.
Accountants want more AI, but big skills gap is hampering adoption: CAW

Accountants want more AI, but big skills gap is hampering adoption: CAW

Chartered Accountants have expressed an overwhelming desire to leverage AI, given the opportunity, though a big skills gap has left many unprepared.
ATO out of step with APRA on pension treatment

ATO out of step with APRA on pension treatment

The joint accounting bodies have pointed to inconsistencies between the ATO and APRA on the regulatory treatment of pensions.
Agreement

Count cements QLD presence with accounting clients deal

Yasmine Raso 2 May 2025 No Comments

Publicly listed Count Limited announced to the ASX that its Gold Coast-based arm has acquired accounting client books from two local firms.

ASX Registry Data

Class confirms link up to all major share registries

Patrick Buncsi 29 April 2025 No Comments

Class will now have automated connections to all major share registries following its integration of Automic’s data stream.

First Sentier extends services deal with Northern Trust

Rose Partners continues expansion plans with MSI Taylor deal

Yasmine Raso 23 April 2025 No Comments

AZ NGA-backed Rose Partners has continued its national expansion efforts by securing a new partnership with Queensland-based MSI Taylor.

Tax deductible post-it note

ATO needs to focus on collecting older, larger debts

Mike Taylor 2 April 2025 3 Comments

In the election lead-up the major accounting groups urged the Senate cross-bench to delay legislation on the tax-deductibility of the GIC.

Businessman weighed down

IPA laments lack of Budget support for small business

Mike Taylor 25 March 2025 No Comments

The Institute of Public Accountants has lamented the Budget’s lack of support for the struggling Australian small business sector.

Man using magnifying glass to run audit on ipad

ANAO deep dives on ASIC regulation of big audit firms

Mike Taylor 24 March 2025 One Comment

The Auditor-General is taking a close look at how ASIC regulates the big four audit companies and whether the regime is fit for purpose.

Jurisdiction

ASIC admits providing disciplinary evidence to accounting bodies

Mike Taylor 10 March 2025 No Comments

ASIC has reached beyond its jurisdictional boundaries by providing information to the major accounting bodies – CPA Australia and CA-ANZ


INDUSTRY NEWS

Trump and the great rebalancing

Financial Newswire Contributor 1 May 2025

Industry News

No Comments

Podcast: Chris Wallis believes this volatility is part of a global movement of capital out of an over-invested US, creating opportunity for investors.

Protect their futures. Grow your business. 

Financial Newswire Contributor 1 March 2025

Industry News

No Comments

By combining MLC Life Insurance’s 138-year history with the support of Nippon Life, Acenda will continue to offer competitive and innovative cover.

Duration’s comeback: A better friend for income and credit

Financial Newswire Contributor 8 April 2025

Industry News

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We think it is time for income and credit investors to accept duration back into the friend circle…

Trade, tariffs, and the market response

Financial Newswire Contributor 21 April 2025

Industry News

No Comments

Global markets have been rattled following proposed tariff implementations. Fidelity experts weigh in across asset classes and lay out their thinking


Filter

Chess pieces with odd one out

Privacy laws undermine accountants’ disciplinary regime

Mike Taylor | 5 March 2025Privacy legislation is acting as an impediment to information sharing between the major accounting groups and opening regime to gaming.
Transparency in business

Benefits outweigh costs of adviser access to ATO portal

Mike Taylor | 5 March 2025Financial advisers are being handicapped and in some cases penalised because they do not have appropriate access to the ATO tax portal.
New appointment

AZ NGA appoints new group CFO

Patrick Buncsi | 25 February 2025AZ NGA has named former Fitzpatricks CEO Jodie Blackledge as group chief financial officer (CFO).
election vote

CA-ANZ puts accountant advice delivery top of election wish list

Mike Taylor | 13 February 2025Major accounting group, CA-ANZ has placed legislating for accountant advice delivery top of its 2025 Federal Election wish list.
Banning

TPB bans tax agent in fraud crackdown

Patrick Buncsi | 11 February 2025The Tax Practitioners Board (TPB) has imposed a five-year ban on a Sydney tax agent alleging he defrauded government tax systems.
Climate change

Accounting body welcomes new sustainability reporting standards

Yasmine Raso | 31 January 2025CA ANZ welcomed the introduction of new mandated sustainability and climate reporting standards as a massive boost to investor confidence.
Thumbs up, thumbs down inconsistent

ATO consistency – 3 identical cases, 3 different decisions

Mike Taylor | 20 January 2025The ATO has been taken to task over inconsistency with CPA Australia citing three identical cases generating three different outcomes.
Banning

Tribunal upholds TPB sanctions against tax agents

Yasmine Raso | 17 January 2025The Tax Practitioners Board has welcomed the ART's decision to uphold sanctions brought against disqualified tax agents in three cases.