Regulation

Anti-money laundering reforms may lead to ‘risk displacement’: CPA

Reforms to the Australian Money Laundering regime should be targeted at specific services and transactions rather than...

20 June 2023 • By Josh Needs

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Super

Technical expert flags EOFY planning tips for super

A technical expert highlights some of the unique planning considerations for super for the end of the 2022–23 year.

19 June 2023 • By Josh Needs

Appointments

KPMG Australia announces 94 additional partners

The firm says the appointments support its diversity goal of 40 per cent of women in partnership by 2025.

19 June 2023 • By Josh Needs

Appointments

PKF appoints tax partner with 2 decades of experience

The firm said it is the first of several appointments with “other senior professionals from the big four to join over...

19 June 2023 • By Josh Needs

Business

Unemployment rate fall sparks fresh cash rate increase concern

After Philip Lowe’s references to the low unemployment rate in his monetary policy statements, the likelihood of a...

16 June 2023 • By Josh Needs

Tax

Cryptocurrency space in desperate need of further tax guidance

Grey areas surrounding the tax treatment of cryptocurrency assets is causing major headaches for both accountants and...

16 June 2023 • By Josh Needs

Business

Accounting teams are understaffed and under pressure

Almost half of the accounting teams surveyed said they are currently short-handed in 2023.

16 June 2023 • By Josh Needs

Tax

ATO reveals key changes for clients’ 2023 tax returns

The Tax Office is cautioning tax agents to be aware of the changes and their possible impact on clients’ returns.

16 June 2023 • By Josh Needs

Regulation

NSW government suspends PwC from tax-related contracts

The suspension will prevent the firm from obtaining any taxation engagements out of the government for three months.

15 June 2023 • By Josh Needs

Business

RSM outlines survival tips for inflation, rising interest rates

The accounting firm highlights a range of strategies for businesses navigating a “complex and uncertain economic...

15 June 2023 • By Josh Needs

Technology

Advisory firm reveals business resiliency index

The tool will assist in the identification and closing of gaps in a business, helping them improve in light of the...

15 June 2023 • By Josh Needs

Business

Accounting industry’s ‘time to shine’ amid softening economy

The industry should lean into the move from transactional work to being more client-facing-focused as it needs to make...

15 June 2023 • By Josh Needs

Super

Phase 1 QAR reforms welcomed by sector

There has been widespread relief that the Quality of Advice Review response has so far been handed down in favour of...

15 June 2023 • By Keeli Cambourne

Regulation

Cleaning company penalised almost $140k for staff underpayment

The Western Australian firm underpaid employees over $114,000 along with falsifying records.

14 June 2023 • By Josh Needs

Tax

ATO widens its data-matching capacity

The expanded capabilities will now include information from property managers, landlord insurance and sharing economy...

14 June 2023 • By Josh Needs

Regulation

Former CFO charged with insider trading

The previous financial officer of the video production business was found to have inside knowledge when he procured...

14 June 2023 • By Josh Needs

Business

Firms need to seize EOFY to restructure their budget

The recommendation comes after OptiPay saw a 20 per cent increase in enquiries from businesses worried they may need...

14 June 2023 • By Josh Needs

Business

Small businesses must focus on productivity as recession looms: MYOB

Businesses must embrace digitisation and the use of technology along with greater training for staff to address the...

14 June 2023 • By Josh Needs