ACCOUNTING

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500 tax practitioners investigated, 100 deregistered

Mike Taylor 11 November 2021

Around 100 tax practitioners have had their registration cancelled by the Tax Practitioner’s Board (TPB) over the past 12 months.

While financial advisers have been the subject of adverse publicity and Australian Securities and Investments Commission (ASIC) press releases about bannings and other penalties, the TPB has revealed the degree…

No unauthorised persons allowed beyond this point sign with barbed wire

No special ASIC treatment for accountants providing unlicensed advice

Mike Taylor 1 November 2021

Accountants who provide unlicensed financial advice will be treated no differently to anyone else found to be providing advice which is unlicensed.

The Australian Securities and Investments Commission (ASIC) has made clear to a Parliamentary Committee that it would not be treating accountants any differently notwithstanding their status in the…

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Businessman crossing arms

FPA defends professional associations tax adviser registrations

Mike Taylor | 25 October 2021The FPA has mounted a strong defence of against the removal of professional associations registrations of tax advisers.

CountPlus

Countplus acquires Accurium

Mike Taylor | 20 October 2021Countplus is expanding its reach into the SMSF and accounting arena via the acquisition of Accurium.

Industry consolidation

HUB24 transaction signals ongoing industry consolidation

Mike Taylor | 19 October 2021The HUB24 acquisition of Class Super is indicative of further industry consolidation.

Financial advisers drowning in costly regulation, now super funds

Mike Taylor | 28 September 2021First it was financial advisers, now the Government wants to impose more costly regulation - this time on superannuation funds.

Do you trust your tax accountant?

Mike Taylor | 24 September 2021A new study conducted by accounting groups claims tax accountants are trusted more than most.

Westpac sign on building

Westpac pulls plug on exit from PNG and Fiji banking

Staff Writer | 22 September 2021After calling off its exit from its New Zealand banking business, Westpac has now also pulled out of its exit from PNG and Fiji.

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New pathways to SMSF adviser designation

Staff Writer | 20 September 2021The SMSF Association has worked with Kaplan and Deakin University to develop new pathways to its SMSF Specialist designation.

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ASIC initiates 30 criminal charges against CBA

Staff Writer | 16 September 2021The Commonwealth Bank has been hit by ASIC-initiated criminal charges relating to a Royal Commission case-study.