About accountantsRus
Accountants R Us is a network of qualified accountants throughout Australia in the area of advice you require. Save time, money and stress by getting the right advice the first time. Call us on 1300TAXMAN. We are Australia's leading accounting firm referral service. Our members are all chartered accountants or CPA'S so we recruit only the best to look after your business. What is more, our network of accountants wants your business & will treat you & your business with the care it deserves. Give your business an unfair advantage and call our 24 hour call centre on 1300 TAXMAN (1300 829 626).
Latest News
22 January 2008 The recent spate of stockmarket losses has seen had a dramatic effect on those that took advantage of the $1 million super window prior to June 30 last year, according to Adrian Raftery, Chief Executive of accountantsRus. On June 20, when Raftery believes that the majority of these new investments had entered the market, the S P/ASX 200 index had closed at 6396.9 points. In early trading today, the benchmark index was down to 5357.8. "Following overnight falls, investors that
Find More
Following the aftermath of the fall in theAllco Finance Group (AFG) share price last week, the CEO of accountantsRus, Adrian Raftery, has called for all public company directors' interests in the companies that they are on the board of to be excluded from being used as collateral against margin loans. "This practice needs to be stopped," said Raftery firmly. Raftery believes that the ASX needs to regulate against company directors from being able to utilise the public company's shares as collate
Find More
Following the significant growth of the superannuation fund industry in recent years, the chief executive of accountancy network accountantsRus has called for the Australian Taxation Office (ATO) to be removed as regulator of Self Managed Superannuation Funds (SMSF). "The(super fund) industry is simply too big for the ATO to handle" said Adrian Raftery, CEO of accountantsRus. Raftery believes that theATO have shown through thesupervision of auditors and instalment warrants as two examples that t
Find More
26 February 2008 The growthof Self Managed Super Funds continues at a rapid rate as the sector reached $300 billion assets in December 2007 accordingto recent ATO figures. (Source: http://www.ato.gov.au/super/content.asp?doc=/content/00100435.htmpage=2H2) Adrian Raftery, CEP ofaccountantsRus, says that despite the recent slump in the share market,which affected one third of SMSF monies,this figure will continue to grow. "There are on average 2,000 newself managed super funds being establishe
Find More
Whilst a drought-breaking season has been welcomed by the Agribusiness industry this year, the taxman threatens to taketh away again following a recent draft ruling released by Australian Taxation Office (ATO) according to Adrian Raftery, CEO of accountantsRus. The draft ruling proposes to disallow investors in managed agribusiness schemes from being able to register for GST and claim back 10 per cent of their original investment as a GST credit in their Business Activity Statement (BAS). Raft
Find More
With no reduction in the company tax rate of 30%, the CEO of one of Australia's biggest accounting networks feels that small business are the losers yet again in the Federal Budget announced tonight by the Treasurer, Peter Costello. "Small business tax reform has been long overdue in this country for years" advised Mr Adrian Raftery, Chief Executive of accountantsRus.
Find More
The Federal Budget released tonight by the Treasurer Peter Costello has clearly favoured the rich end of town, according to the CEO of one of Australia's biggest accounting networks. "With the top individual tax rates cut and the changes to superannuation tax, it has clearly favoured the high tax earners," according to Mr Adrian Raftery, the Chief Executive of accountantsRus.
Find More
With the 2006 Fringe Benefits Tax (FBT)year recently ended,the CEO of Australia's fastest growing accounting network, advises that employers need to be mindful that the Australian Taxation Office (ATO)is increasing its audit coverage this year to ensure that the provision of benefits to employees have been correctly treated for FBT purposes. "The ATO have identified a few areas for examination this year. They include matching new car registrations; income tax and GST data matching; as well as lo
Find More
Following from the Commissioner of Taxation's recentspeechon the current Self Managed Superannuation Funds (SMSF) industry, Australia's fastest growing network of accounting firms is calling for a revision of the definition of "approved auditor" based on the fact that over 40% of the current approved auditors only review one SMSF per year. An additional 30% of approved auditors reviewless than5 SMSFs per year, according to Michael D’Ascenzo in his speech at the National SPAA Conference.
Find More
Australia's fastest growing accountancy network welcomes the review of the Australian tax system announced by the Federal Treasurer today. "We believe that a review is long overdue and are pleased that the Australian tax system is being compared to other countries", said Adrian Raftery, CEO of accountantsRus. "Whilst there is clearly significant differences between tax systems, like in business, there are many areas which Australia can improve simply by looking at what the rest o
Find More