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ATO ‘underestimated’ impact of Collins licensing decision: Hirschhorn
The second commissioner told the Inquiry into Consulting he regrets not escalating the PwC matter more rapidly given the dramatic impact the TPB’s decision had.
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Moore Australia announces merger with Coffs Harbour practice
National accounting network Moore Australia will merge with Coast2Plateau Accounting Business & Taxation as part of strategic growth plans.
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Insolvency has a gender problem, says Jirsch’s first female trustee
Emma Mos of Jirsch Sutherland says the insolvency world is still so male-dominated because of ingrained stereotypes and high barriers to entry.
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CPA Australia axed 121 staff, services for internal revamp: report
The body’s latest integrated report shows it cut nearly one-fifth of its workforce in 2023, double what was originally planned, eroding staff and member satisfaction.
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Business confidence lifts among smaller firms, survey reveals
Confidence about future success has risen among smaller firms but declined among medium and larger middle market businesses, according to a Pitcher Partners survey.
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ATO takes ‘stringent’ stance on GIC remissions as part of debt clampdown
Tax agents have been told to readjust their expectations around payment plans and penalty remissions as the ATO toughens its approach to tax debts.
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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.
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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...
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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