Plans to introduce a three-year audit cycle for compliant self-managed superannuation funds (SMSFs) will fail to reduce compliance costs for trustees and instead could force some auditors out of the market, accounting professionals warn.
Referring clients to an appropriate financial planner can benefit all parties, but it is imperative that public practitioners apply due diligence to the process.
Securities regulator ASIC is scrutinising investment deals that circumvent the sophisticated investor test.
Recent changes to the Foreign Resident Capital Gains Withholding (FRCGW) regime mean that more Australian residents are likely to be affected by the tax for transactions as common as the sale of the family home.
Accountants need to be extremely cautious when “crossing the line” to work in the minefield of wills and estates.
What’s the best way to allay your clients’ fears during a downturn? INPRACTICE speaks to two practitioners who may have the answers.
The broad outlook for salaries in the accounting and finance profession is for only modest pay rises in 2016, but employers are prepared to pay considerably more for people with sought-after skills.
In the coming years, more firms will adopt a corporate structure to take advantage of the flexibility that comes with it.
Does cloud computing mean software providers should be registered tax agents? Ian Taylor, TPB chair is looking at ways around this conundrum.
A new compliance blueprint reinvents the way practitioners will interact with the ATO.