Our Initiatives.

Assisting Government

We are involved in assisting the government at federal and state levels and the Australian Taxation Office in an advisory and advocacy capacity.

  1. Our team has worked closely with the Federal and NSW State Government with the development and implementation of the Significant Investor Visa (“SIV”) in an advisory and advocacy capacity. This effort has resulted in the SIV becoming law within an unprecedented timeframe.
  2. One of our directors was invited by the then Assistant Treasurer The Hon Peter Dutton MP (6 September 2006) to work with Treasury on a confidential consulting basis for the major development and introduction of the new Tax Agent Services Act 2009 which was effective from 1 March 2010 affecting some 24,000 registered tax agents and an unknown number of new BAS Agents (bookkeepers) to the regime. This legislation was in process for over 15 years.
  3. The above legislation required several lengthy submissions on the drafting of the Act, as well as attendance at the Federal Parliamentary-Senate Economics Committee Hearing (6 February 2009).
  4. Our director has also attended by invitation several Tax Office committees and working parties over the past 5 years, encompassing the Cash Economy Advisory Committee, NSW Regional Tax Practitioner Working Group, and ATPF Advice Working Group.
  5. Our firm is working closely with the Australian Federal Treasury in the introduction of Standard Business Reporting (or XBRL which is an international initiative) to assist business and the accounting profession to deal with efficient reporting to multiple government agencies federally and at the state level. This initiative will be an ongoing process which shall take some years to develop further software enhancements and to promote acceptance of the benefits Australia-wide.
  6. We are pioneers in this area having been invited by the Program Director of Standard Business Reporting, Australian Federal Treasury, to present publicly by video, our early experience and success with Standard Business Reporting.
  7. We will continue our interaction with the Australian Government including its Taxation Office and other government agencies for the benefit of the profession.

Commitment to the Profession

Our firm is committed to supporting the development of the profession by mentoring and educating members of the Institute of Chartered Accountants in Australia, Certified Practising Accountants in Australia and the Law Society of New South Wales.

  • Our directors host regular monthly Discussion Groups on all facets of accounting, tax, audit and business advisory for accountants in public practice.
  • The CPA Sydney Professional Accountants Group is the largest CPA Australia discussion group in Australia and internationally.
  • Our director received the CPA NSW President’s Award (7 December 2005) in recognition for his efforts in advocating for the Accounting Profession and support of CPA Discussion Groups.

Standard Business Reporting (SBR)

The Business Intellect Group focuses on using “cutting edge” technology to reduce inefficiencies in business reporting.

Have you heard about SBR?

Click here to view our SBR case study

SBR is an Australian Government initiative designed to reduce the significant burden that current business-to-government reporting imposes on Australian businesses.

Using SBR-enabled software, businesses will be able to prepare and lodge key government forms directly from their software to SBR partner agencies saving time and money. The list of agenices currently includes:

  • Australian Taxation Office (ATO)
  • Australian Securities and Investments Commission (ASIC)
  • Australian Prudential Regulation Authority (APRA) (from July 2011)
  • State and Territory Government revenue offices (ROs)

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