Accounting Finance and Regulation

• Superannuation
• Small Business

The super rules for contractors have been clarified by this recent case

• Accounting updates

Stage two AML legislation is on the table. Here’s what it means for public practitioners

• Audit

Large proprietary companies are now on ASIC’s audit radar

• Audit

NZ’s FMA is increasing its audit reviews of listed entities

• Insolvency

Here’s why small businesses should keep losses to a minimum when considering insolvency

• Audit
• Professional standards

CPA Australia has a tool to help move mindsets from quality control to quality management

• Audit
• Professional standards

Auditors take note: a risk-based iterative method of quality management is now mandatory

• Insolvency

Insolvency returns to pre-COVID levels while tax debt and bank referrals equate to busy times ahead

• Public practice

Insistence from financial institutions for accountant’s letters is dangerous territory

• Superannuation

See why CPA Australia is arguing that the NALI provisions should be repealed

• Business finance
• Data management

Open banking could offer clients more competitive overdrafts and business financing

• Insolvency

Attend to basics, act early and don’t avoid hard conversations with clients in financial distress

• Taxation

What tax experts have to say about the ATO’s new guidance on section 100A of ITAA 1936

• Technology

Six-monthly merchant transaction information needed from banks and other payment providers

• Taxation
• Economy

GST, income insurance and other matters are all on this year’s legislative agenda

• Taxation

A new ATO ruling seeks to create a fairer playing field

• Insolvency

Accountants need to be upfront with clients whose businesses are in trouble. Here’s why.

• Audit

When it comes to improving audit quality, there are good reasons to act now rather than later

• Audit

The NZ regulator says there’s room for further improvement in audit firms’ procedures

• Financial planning

Many clients now qualify as sophisticated investors. Here’s why it’s important to exercise caution.

• Superannuation

Some death benefit wishes can be open to legal challenge. The devil is in the trust deed detail

• Audit

It has a caveat, but audit firms can gain valuable benefits from a new quality standard

• Financial reporting

From 1 July, some for-profits can no longer prepare SPFS. Here’s what the changes mean.

• Digital transformation

Widely used and under scrutiny, here's what practitioners need to know about crypto

• Superannuation

Practitioners should alert clients about possible benefits

• Superannuation

Employers and those on the payroll need to be across what the hike in SG payments may mean

• Taxation

An ATO guidance package clarifies client trust dealings

• Public practice
• Taxation law

Find out what is likely to dominate the New Year economic outlook

• Public practice

Advisers are front and centre when dealing with financial providers on behalf of clients

• Public practice
• Financial reporting

The requirement for insolvent companies to report is unduly onerous

• Corporation law
• Public practice

Why now is the perfect time to update company director clients on their new obligations

• Audit
• Superannuation

Many are vexed by proposed fee-related provisions aimed at reinforcing auditor independence

• Superannuation
• Public practice

Employers will soon need to comply with a new super stapling regime

• Audit
• Insolvency

Failure to apply auditing standards has led a Sydney audit firm into hot water

• Not for profit
• Financial reporting

Related party disclosures are the most common errors in financial statements

• Public practice

A strong advocate for public practitioners and the accounting profession has sadly passed away

• Public practice
• Business law

Some states are ramping up wage theft legislation. Here’s what clients need to know about the penalties.

• Financial planning
• Public practice

Here’s how the Royal Commission recommendations affect the future of professional advice

• Insolvency

Here’s what your clients need to know about director resignations and anti-phoenixing laws

• Small Business
• COVID 19

The Full Federal Court has instructed the Commissioner of Taxation to exercise his powers of discretion regarding JobKeeper

• Financial reporting

Which clients will be affected by the removal of the special purpose financial reporting framework?

• Business finance

The ATO’S Cash Flow Coaching Kit is designed to help SMEs get back on track

• Business finance

Loosening lending rules in tough economic times may encourage creditors to further rely on “capacity to repay” certificates. Should accountants comply?

• Accounting systems and processes

A tax ombudsman’s report show rejected JobKeeper applications deserves a second look

• Business law
• Business finance

Practitioners play an important role guiding clients to the right solutions

• COVID 19
• Disaster recovery

The extension is welcome news but there’s effort involved in navigating the two-tier payment system

• Insolvency
• Small Business

Australia has scrapped one-size-fits-all insolvency

• Business finance

The regulator’s temporary move is good news for AFS licensees

• Audit

Here are some of the new requirements coming out of changes to the restructured code

• COVID 19
• Business finance

Can the legislation for rent relief deliver the right balance between landlords and tenants?

• Insolvency

A new licensed insolvency practitioner regime could see members play more active roles

• Practice management

NZ has taken considered but far-reaching legislative action to eradicate the problem

• Audit

Auditors are under the microscope, but is a wholesale overhaul of the profession necessary?

• Financial reporting

CPA Australia throws its weight behind finding solutions to the troubled aged care sector

• Business law
• Company law

Take the following quiz to find out if you’re up to speed with the most recent changes

• Business law
• Business advisory

The new scheme comes with stiff penalties for businesses dealing with unlicensed suppliers

• Audit
• Education

A new guide aims to address shortcomings in audit quality

• Public practice

A new report reveals changes to accountants’ regulatory regime would help businesses

• Taxation
• Practice management

Accountants are at the forefront as the government cracks down on illegal phoenix activity

• Audit
• Accounting systems and processes

Investigating the root cause of audit anomalies can be handled with a step-by-step approach

• Practice management
• Research and initiatives

Regulatory complexity places a burden on public practitioners, with flow-on to clients

• Financial management

Accountants are uniquely placed to guard against elder financial abuse, here are some signs