As the case for an alternative business model for accounting firms becomes more compelling, traditional partnership arrangements in public practices are being challenged.
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.
Practitioners should be fully cognizant of whether or not they hold a binding death benefit nomination on behalf of an SMSF member.
In the current economic climate, many practitioners might find it hard to justify increasing their fees, but with a little care it is possible.
The Australian Taxation Office is calling on accountants and tax agents to help combat fake tax debt scams involving cryptocurrencies such as bitcoin.
Informed consent is not new to financial advisers, but a new exposure draft is raising questions.
New reforms, enhanced data analysis and co-operation between agencies are set to clamp down on directors trying to re-birth phoenix companies and clip the wings of unscrupulous pre-insolvency advisers.
Are you providing personal advice to retail clients on superannuation including SMSFs, life insurance, personal insurance and investments? Practitioners who are licensed financial advisers or employ advisers in their practices should be aware of the coming new professional standards framework.
In August 2016, the Australian Securities and Investments Commission (ASIC) started a new project to test how effectively the new accountants' limited licensing regime was working, and to identify any systemic problems in the industry. Here are the findings.
Constant changes to the tax system, hiring and retaining staff, and understanding the impact of technology on your practice – these are all challenges for the modern accounting firm. Here are eight of the top issues for public practitioners.