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Intuit QuickBooks partners with Australian Accounting Awards The online accounting software provider has joined this year’s awards as its principal partner. ...
ATO updates client-agent linking system to prevent ‘inadvertent errors’ Accounting associations have welcomed the changes but stress that much more must be done to address key issues in the system. ...
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Company failures on track to reach 12-year high: ASIC Over 10,000 businesses are expected to enter external administration by the financial year's end, the regulator predicts. ...
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BGL readies for the ‘great wealth transfer’ with HeirWealth The integration will automate valuation processing, enabling “better intergenerational conversations about money”, the firms say. ...
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TaxLeopard partners with InnovateGPT to build smart tax assistant The Smart Tax Assistant leverages artificial intelligence to provide tailored and real-time accounting and tax assistance to sole traders. ...
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Former Xero Australia head appointed Everperform CEO Outgoing CEO Daniel Spitty will stay on as the company’s chief product officer as new CEO Will Buckley eyes a people-driven future for the performance measurement platf...
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ATO explores ‘digitised guidance’ to combat Division 7A issues Embedding ATO advice and guidance into software solutions will detect and correct errors with Division 7A ahead of lodgment, says the Tax Office.  ...
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EY cuts 148 staff citing low consulting, financial services demand The announcement is the latest in a string of industry-wide layoffs following the PwC tax leaks scandal and broader economic pressures. ...
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CFO specialist shares valuable lessons from mental health recovery A CFO advisory specialist has, after recovering from his own mental health challenges, underscored the need for accountants to prioritise themselves and manage stress. ...
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MYOB taps Sportsbet IT boss to ‘accelerate product development’ Incoming CTO Simon Noonan says the “vision and opportunity to scale” at the accounting software giant attracted him to the role. ...
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Tax expert pushes for permanent change with instant asset write-off threshold Amendments before Parliament will see a more significant increase to the instant asset write-off threshold but for a limited time frame only, says a tax expert. ...
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Draft legislation released to name and shame late payers The proposed overhaul will be a “shot in the arm” for small businesses by improving cash flow and reducing red tape, the government says. ...
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External administrations hit record high in March Small and medium businesses in construction and retail are at the highest risk of collapse, according to CreditorWatch. ...
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Personal insolvencies for business owners spike amid rising pressures Recent data shows that business-related personal insolvencies have risen with the big banks remaining vigilant with court recoveries. ...
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Tax professionals told to watch for ‘warnings signs’ of illegal early access The ATO says tax and super professionals play a critical role in helping address illegal early access to super.  ...
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Broking associations hit back at payroll tax decision The outcome of a payroll tax case by the Supreme Court of NSW sets a “dangerous precedent” and is based on “flawed” legislation, broking associations have sai...
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ATO flags trust administration changes ahead of 1 July The ATO has provided details on tax return changes for the 2023–24 year as part of the modernising trust administration project. ...
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Global ethics body to probe firm culture amid accounting ‘trust crisis’ The IESBA will look to tighten its code and step up its leadership role in a new three-year strategy to address recurring failures in the profession. ...
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ATO issues response on NALI decision by AAT A recent tribunal decision regarding non-arm’s length income is unlikely to apply to private lending arrangements more broadly, says the ATO. ...
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Climate reporting bill ‘onerous and costly’ for small business: CA ANZ, CPA Professional accounting bodies warn the government that small businesses and not-for-profits could be out of pocket up to $50,000 to prove they are exempt from new climat...
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