MYOB has confirmed that clients affected by its system outages will be granted an exemption by the ATO, with one software boss claiming that MYOB is not the only provider with issues.
Accountants have a seat in the boardrooms of Australia’s most powerful companies, and they’re a huge chunk of, and a trusted adviser to, the SME community. As a profession, accountants are among the most influential in the country.
BGL Corporate Solutions, Australia’s leading supplier of SMSF administration and ASIC corporate compliance solutions, unlike Bill Shorten, does not think accountants are ‘Rorts’.
It has been almost a year since the notifiable data breaches legislation came into effect, and in this time, the ATO has been working on introducing various new security measures, many of which will impact accountants.
The Financial Adviser Standards and Ethics Authority (‘FASEA’) has finalised the acceptable pathways that advisers can take to meet FASEA’s education standards.
Advisers who offer standard template documents for SMSFs without asking clients for their preference may find themselves liable if the document doesn’t match the client’s instructions, warns an industry lawyer.