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IRS campaign set to target Aussie accountants

IRS campaign set to target Aussie accountants

by Shared by AccountantsDaily | Nov 13, 2017 | News

As part of the campaign, the IRS is introducing a whistleblower incentive, which is aimed at accountants, lawyers and anyone who has been assisting a taxpayer, which would include professionals here in Australia with US taxpayer clients.Read the full article on...
Major uni concedes: accounting degrees not enough to be ‘job ready’

Major uni concedes: accounting degrees not enough to be ‘job ready’

by Shared by AccountantsDaily | Nov 10, 2017 | News

The UNSW Business School concedes that a typical three-year program is insufficient in preparing undergraduates to be fully ‘job ready’, with students having to undertake internships and extra-curriculum activities to achieve readiness.Read the full article on...
‘Bloody mess’ Tax Act could be worsened with changes

‘Bloody mess’ Tax Act could be worsened with changes

by Shared by AccountantsDaily | Nov 9, 2017 | News

Following recommendations from the Board of Taxation, the government announced in the 2016/17 budget that it would be making targeted amendments to improve the operation of Division 7A of the Income Tax Assessment Act 1936 (Division 7A). While the exact details of the...
National survey finds high attrition rates in accounting

National survey finds high attrition rates in accounting

by Shared by AccountantsDaily | Nov 6, 2017 | News

The Institute of Managers and Leaders (IML) 2017 Staff Retention Report found that accountants, part of the business and professional services industry, had an attrition rate of 13.4 per cent, higher than the average of 9.5 per cent across all industries and topped...
Spike in tax practitioner complaints in ‘challenging year’ for TPB

Spike in tax practitioner complaints in ‘challenging year’ for TPB

by Shared by AccountantsDaily | Nov 2, 2017 | News

TPB chair Ian Taylor said in his annual review address that the 2016/17 financial year was “challenging” for the TPB on the resources front, as it grappled with a substantially increased workload, particularly in relation to the registration of tax (financial)...
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