Australian Accounting Awards 2021 winners

Posted on 21 June 2021 | by Allan Hall

Allan Hall Business Advisors wins Firm of the Year at Australian Accounting Awards

The events of 2020 proved that going the extra mile is more important than ever to clients and community as we navigate the uncertainties of an unprecedented health crisis.

Executing and sustaining strategy in a marketplace of tough nationwide competitors were among the great challenges, and successes, of many firms in the Australian accounting industry.

In recognition of this, Allan Hall Business Advisors was awarded 2021 Firm of the Year by 21 judges in a field of 621 submissions and 300 finalists across 34 award categories at The Star, Pyrmont last Friday night.

Allan Hall Partner Scott Jago said 2020 was about steadying the ship and doing a good job with no one overboard.

“Success to Allan Hall means achieving our goals whilst having fun along the way,” says Scott. “Consciously doing things that make a difference to our clients and our staff’s experience, and joining the dots on all the little things each and every day.”

“For us it was about improving our delivery and refining our approach.”

“We supported our team rigorously and impressed on everyone the importance of going the extra mile to look after our clients and community.”

“This became especially meaningful with the onset of COVID-19 when we regrouped, assessed our clients’ needs and executed a structured program that allowed us to help sustain our clients throughout an unpredictable year.”

Senior Client Manager Michael Bowman accepted the award for Allan Hall at the five-star gala event, joined by colleagues Katherine O’Connor, Anita Hudson, Ashley Phillips, Nicole Woolley and Nicola Jordan.

AccountantsDaily editor Jotham Lian said the awards play an important role in recognising the hard work and dedication shown by the accounting profession in a trying year marked by the COVID-19 pandemic.

“The sheer tenacity and resilience shown by practitioners across the country over the past year has been nothing short of amazing and it makes me so proud to advocate on behalf of the profession,” he said.

In a field of strong competitors, Allan Hall Business Advisors was nominated as a finalist in four of the 15 Group Awards in the Australian Accounting Awards: Firm of the Year, Multiservice Firm of the Year, Wellness Program/Initiative of the Year and Network of the Year (Alliott Global Alliance). The Firm of the Year award recognises the accounting firm with less than $1 billion in total revenue that most effectively drove business growth during 2020, utilising a range of business development principles.

View the full list of winners here.

Allan Hall nominated for 4 national awards

Posted on 17 May 2021 | by Allan Hall

Australian Accounting Awards 2021

Allan Hall Business Advisors has been named finalists in the Australian Accounting Awards in four national categories: Firm of the Year, Multiservice Firm of the Year, Wellness Program/Initiative of the Year and Network of the Year (Alliott Global Alliance).

The finalist list, announced on 11 May 2021, features over 300 high-achieving accounting professionals across 36 submission-based categories.

The Firm of the Year award recognises the firm in the accounting industry with less than $1 billion in total revenue that most effectively drove business growth during 2020, utilising a range of business development principles and tactics.

The Multiservice award recognises the Australian accounting firm that most effectively diversified its service offering in 2020. Specifically, the award recognises firms offering services complementary to accounting, such as risk advice, mortgage and finance broking, financial planning, SMSF advice and legal services.

The Wellness award recognises an Australian accounting firm that has actively advocated health and wellness initiatives, events and/or activities among their peers and the community at large.

Finally, the Network award recognises the accounting network that gives opportunities to its member firms and is focused on enabling quality client services. Judges looks at the resources, services and support systems the accounting network provides its associated firms.

Allan Hall Partner Scott Jago said, “Accounting professionals have been at the forefront of the economic crisis since the start of the pandemic and each has risen to the challenge to support our clients and the broader community.”

“We worked together over this period and despite the challenging and ever-changing conditions of the pandemic, we responded with positivity.”

“We couldn’t have achieved any of this without the dedication of the Allan Hall team, and the trust our clients put in us to help them to endure COVID19.”

Jotham Lian, Editor at AccountantsDaily, added, “The 2021 awards shine a light on the professionals and firms who led the accounting industry during a time of unprecedented change through the past year of constant obstacles and challenges.”

The Australian Accounting Awards recognises and acknowledges the achievements of individuals and firms whether they are in the profession’s most senior ranks or if they’re a rising star within the industry and rewards them with a prestigious and highly sought-after accolade and national exposure for their contributions. Winners will be announced at a gala ceremony in Sydney on 18 June 2021.

Review a full list of this year’s finalists here.

Zoning in on the temporary worker – what does it mean for you?

Posted on 27 February 2018 | by Allan Hall | Leave a Comment

In today’s global economy, people working and studying overseas is commonplace. It’s so common that the Australian Financial Review recently reported that the Australian Taxation Office (ATO) are targeting more than 20 million international visa holders, foreign students and migration agents.

So why is the ATO zoning in on temporary workers?

Basically, it is due to non-compliance and a lack of understanding from both visa holders, sponsors and migration agents of their roles and responsibilities, when it comes to tax and superannuation compliance, so the ATO is making efforts to zone in and crack down on reporting. The Australian Financial Review, recently reported http://www.afr.com/news/ato-ramps-up-data-matching-on-international-students-and-migration-agents-20180118-h0kr49, the ATO’s increase of data matching audits to international visa holders, foreign students and migration agents, and comment that these efforts will assist to help maintain knowledge of tax and superannuation risks, reporting requirements and support the development of methods to crack down on non-compliance.

What does this mean for you?

If you’re an employer of a temporary worker, generally you’ll need to pay superannuation on top of an employee’s wage if you pay them more than $450 (before tax) a month. Be sure to tell your temporary workers that they can access these superannuation payments when their visa expires (or when they leave Australia) via what is known as a “Departing Australia Superannuation Payment”. Usually this payment will be subject to withholding tax (35% for Superannuation Guarantee Charge payments), but it does mean they can access the funds a lot earlier than usual. If you’re a temporary worker (on a visa), you will have an obligation to lodge a tax return while you’re here. But there are specific tax rules that apply to temporary workers, the main one being that temporary workers will usually only have to pay tax on income earned from Australian sources (such as their wage in Australia). There are plenty of rules around the employment of temporary workers and they do change quite a bit, so if you have any questions please call us to chat.