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Assistant Treasurer makes changes to transitional rule for code changes
Stephen Jones has made amendments to the transitional rule for the Code of Professional Conduct changes and will consult further on sections 15 and 45.
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Class launches tech to support accountants with new ATO requirements
The wealth accounting technology company has added a new feature to its trust account and administration software cloud solution, ‘Class Trust.’
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Aussie businesses ‘held back’ by not embracing technology, cautions CPA
Australian businesses risk falling behind Asia-Pacific counterparts if digital technology and strategies such as AI are not adopted soon, the professional body has warned...
Accountant sentenced to 7 years’ prison for theft charges
An Adelaide accountant has been sentenced after stealing over $2 million from his clients to fund his Sportsbet gambling addiction.
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Ex-PwC top lawyer proposes big 4 watchdog, defends partnership model
Large accounting firms’ efforts to self-regulate are insufficient, Meredith Beattie says.
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Millions of landlords the target of expanded ATO crackdown
The Tax Office will acquire property management records to clamp down on taxpayers misreporting rental income and deductions.
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Xero program to ‘reignite’ image of the accounting industry
The small business platform has launched a peer-to-peer mentoring program to address the accounting industry ‘image’ and ‘talent’ problems revealed in recent surv...
BlueRock appoints 2 new directors to boost R&D division
BlueRock has announced the appointment of two experienced directors to bolster the growth and development of its R&D and government incentives division.
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Federal Court hears ATO’s appeal of landmark Bendel decision
The Tax Office hopes to quash a tribunal ruling that cast doubt on how it treated unpaid trust entitlements for the past decade.
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ASIC to publish revised regulatory guidance for liquidators next month
An updated version of RG 16 will set out ASIC’s expectations for how external administrators and controllers should report possible offences and misconduct.
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APESB defers decision on CA ANZ request for new reporting
Requiring members of professional bodies to report wrongdoing committed by other members to the relevant body could result in unintended consequences, the Accounting Prof...
COSBOA program to address SME knowledge gaps with major IR changes
The advocacy group has launched the ‘Small Business Peak Program’ to help SMEs navigate the impacts the new industrial relations changes will have on how they operate...
Early super release scheme was ‘ineffective’, says e61 Institute
The ‘Early Release of Super’ scheme was not as effective as it was intended to be in stimulating spending, reducing financial stress, and improving wellbeing during C...
Liberal senator urges colleagues to join fight against TASA changes
Dave Sharma has highlighted the new rules’ impact on privacy and client relationships issues ahead of a crucial Senate vote.
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ATO warns businesses on looming TPAR deadline
The ATO is reminding businesses to lodge their tax payable payment annual report by 28 August after issuing around $9 million in penalties in the five years to 2023.
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New CBA collaboration will enable 60-second cross-border payments
A new cross-border payment collaboration between the Commonwealth Bank and The Bank of New York Mellon will allow Australian businesses and customers to receive payments ...
Submissions open for brand-new Commercial Finance Awards 2024
Accountants Daily is pleased to launch the inaugural awards, which champion members of the commercial finance industry.
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ASIC sharpens focus on greenwashing, super misconduct, AI
The watchdog’s new priorities aim to keep pace with rapid technological changes, demographic shifts, and increasing climate-related risks.
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‘Unjust’ foreign resident CGT changes could spook investors
Complex reforms broadening the regime without a transitional period make Australia a less attractive destination for business, The Tax Institute warns.
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Upcoming election to bring tax system ‘back in focus’: Tax Institute
Debate around the sustainability of the tax system is likely to heat up as the federal election draws closer, says The Tax Institute CEO Scott Treatt.
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