As the case for an alternative business model for accounting firms becomes more compelling, traditional partnership arrangements in public practices are being challenged.
Australians who work or retire abroad face higher – and possibly retrospective – tax bills if they sell their Australian homes. Accountants may need to warn clients.
If you’re striving for work-life balance, you’ll never get it, argues Stewart Friedman, a noted author and adviser to global leaders who inspires “rock star adoration” among his students at Wharton.
The New South Wales state budget delivered today by Treasurer Dominic Perrottet announces a forecast surplus of $3.9 billion for 2018-19. Major investments ahead include transport, health and air-conditioning in schools.
For businesses of all kinds, having to pay for regulatory oversight is not new. But price hikes levelled at some practitioners by ASIC have led to a lot of ire in the sector and raised serious questions about whether they are justified.
The Australian Securities and Investments Commission (ASIC) has outlined its focus areas for 30 June 2018 financial reports. Although preparers have had extended time to implement the new requirements, many will not be able to adequately communicate the extent of the impact of the new revenue standard in their financial statements.
With benefits to health and workplace performance, body intelligence – or BQ – is an intelligence worth developing.
The Australian Accounting Standards Board gave not-for-profit (NFP) organisations an extra year to implement new accounting standard AASB15 on revenue recognition, but NFP managers need to be preparing now for this and other new standards that will take effect in January 2019.
Do you know the tax deductions and offsets for which you might be eligible as a self-preparer? The following tax tips – work-related expenses, rental property deductions, cryptocurrencies and more – may help you to legitimately reduce your tax liability in your 2017-18 return.
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