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Accountant shortage, knowledge gap a ‘grave concern’ for leaders
The financial services sector is reportedly amid a significant knowledge gap. This could severely impact the finance profession and put immense strain on organisations.
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‘The final straw’: Xero users baulk at another price hike
Accounting software giant draws storm of criticism after jacking up plan fees for the second time in a year.
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Power to name and shame late payers is excessive, biased: Ai Group
Proposed reforms to improve small business payment times will allow the government to publicly denounce around 1,500 businesses, an employer group predicts.
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TPB to implement safeguards against ‘vexatious breach reports’
The TPB has assured tax agents that any frivolous or malicious reports made under the dob-in provisions will be viewed unfavourably by the regulator.
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Grant Thornton nabs former EY partner for private business tax team
Jenni Nash has joined Grant Thornton as a partner in the firm’s private business tax and advisory team.
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Disqualified entities changes leaves tax agents ‘in the lurch’
Every tax practitioner must treat changes around disqualified entities with great importance and not dismiss them, John Jeffreys has warned.
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Industry veteran Michael Croker retires from CA ANZ
CA ANZ Australian tax leader Michael Croker has announced his retirement after 40 years in the profession.
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MYOB simplifies business management with platform update
The accounting software provider has reduced technical jargon and introduced user-friendly features to make doing books easier for users.
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TPB releases draft guidance on breach reporting obligations
The draft guidance aims to address the uncertainty and confusion surrounding the upcoming breach reporting obligations.
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Accounting bodies slam ATO’s use of client linking to tackle fraud woes
IGTO report shows the ATO should have tried less burdensome anti-fraud measures before putting taxpayers and their agents through the process, the bodies say.
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ATO expands data-matching program for crypto assets
The ATO plans to collect cryptocurrency data for up to 1 million individuals as part of new compliance activities.
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BGL announces spate of promotions to drive growth
Software firm BGL has made four key appointments to bolster its strategic growth and foster innovation.
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ATO reports spike in errors with clearance certificates
The Tax Office is seeing mistakes being made with applications for clearance certificates for property purchases.
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Budget tipped to deliver tax breaks for business investment
BDO has highlighted the need for the federal budget to bring additional tax deductions rather than simply accelerated deductions.
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ATO’s systems vulnerable to tax fraud, IGTO report cautions
The IGTO has found the ATO’s controls for preventing fraud inadequate, with fraudsters managing to lodge fraudulent returns undetected.
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PwC reveals new corporate strategy; former CEO Stubbins goes it alone
PwC Australia’s new corporate strategy is all about business reinvention; six months after her ousting, former chief executive Kristin Stubbins announces her new ventur...
Australians hit with biggest income tax increase in OECD
A 7.6 per cent spike in 2022–23, brought on by bracket creep and the end of the LMITO, has affected low- and middle-income earners the most.
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Family preferred to accountants for money advice, survey finds
Gen Z and Millennials are ditching the professionals and turning to mum and dad for advice and financial help, according to the Great Southern Bank.
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Top adviser calls for end to tax system tinkering in federal budget
When trust taxation, residency, Division 7A, and FBT issues even have accountants confused, it shows wholesale changes are needed, according to William Buck’s head of t...
Government shirks big 4, senator calls for government consulting revamp
Senator Barbara Pocock has called for reforms to government consulting engagements as the Department of Finance continues to review PwC's government contracts.
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