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  1. How Victoria widens its land tax horizons

    Changes to the regime in the state last year expand levies on vacant land and prohibit contracts that seek to pass on certain liabilities. The State Taxation Acts Amendment Act 2023 received royal assent on 12 December and makes changes to: Expand the...

  2. ‘Green shoots emerging’ with building approval figures: CBA

    had turned the corner despite being 4.6 per cent lower over the year. “We had expected some statistical payback from last month’s big rise,” he said. The level remains subdued, especially on a per capita basis but there is clearer, albeit still modest...

  3. CPI result encouraging, but fight far from over: Treasurer

    ABS data shows annual inflation fell to its lowest level in almost two years last November. Annual inflation fell to 4.3 per cent in November, down from 4.9 per cent the prior month, but “the fight is far from over” the Treasurer said yesterday....

  4. RSM adds partners, principals to accelerate growth plans

    successful year,” he said. He said RSM set a goal of having 1,750 staff in 2024. A raft of appointments at the end of last year, including five partners, two associate directors and an economist, took total numbers to over 1,800 by November. “RSM is...

  5. November CPI falls to 2-year low 

    low in oil prices. Inflation for the 12 months to November fell to 4.3 per cent, down from 4.9 per cent for the year to last October and the lowest result in two years, according to this morning’s ABS data. ABS head of prices statistics Michelle...

  6. Black Friday drives November retail sales to record $36.5bn

    of 4.9 per cent, down from 5.6 per cent the month prior, prompting the RBA to hold rates steady at 4.35 per cent during its last meeting. Ms Thompson said the growth in retail trade should be taken in context with data from previous months and seasonal...

  7. HLB Mann Judd to explore AI potential for small firms

    the greatest change across the accounting industry over the next couple of years. Microsoft Copilot, announced in March last year, leveraged large language models in combination with data from Microsoft Graph and Microsoft 365 apps to perform a wide...

  8. The year of shakers and movers

    threat of it – might be the only way to persuade a boss of your value. If you are the boss, different dynamics prevail but last year, as ever, the top end of town played musical chairs. Many of the plumb posts are in the gift of government and Labor has...

  9. The year accountants met AI

    it’s for better or worse, one thing is certain – ChatGPT and its ilk have irrevocably changed the industry. In February last year, Will Buckley, manager of Xero Australia, told Accountants Daily he had tested an AI tool called ChatGPT and believed it...

  10. Complaints to AFCA rise 23% to hit record, scam issues double

    The financial complaints body handled more than 100,000 issues last year and says increases have become “unsustainable”. Complaints to AFCA jumped 23 per cent last year led by a huge increase in disputes over personal transaction accounts along with a...

  11. The year the ATO came out on top – again

    lodge by the amnesty that might otherwise have sat on their hands. Accountants Daily awaits the final tally – taking in the last 25 days of the scheme – with interest. Small-business lodgements were of special interest to the ATO because the amount...

  12. The year that rocked foundations of big 4

    in the wake of a review of its disciplinary procedures after its much-criticised handling of the KPMG exam cheating scandal last year. In reality, neither amount looks sufficiently potent next to the revenue of any big four firm. Instead, the real...

  13. The year cyber chickens came home to roost

    senior executives – suitably titled “Keeping us up at Night” – found 43 per cent were restless about the issue, relegating last year’s top concern of skills shortages to second place. Released yesterday, it found cyber security was now the number one...

  14. Kylie Thompson – The Rock and Roll Accountant

    Theatre, Gallery Exhibitions, Musicals. I started dealing with my first musicians during this period. When I commenced my last external Senior Accountant’s Role, I was advised not to integrate my small clients into that Practice. So, 25 years ago last...

    • Type: Article
    • Author: Sorrento Strategic
    • Category: Profiles

  15. Productivity turnaround ‘halts post-COVID freefall’

    are needed to achieve sustainable, long-term growth, the Productivity Commission says. A turnaround in labour productivity last quarter has halted a post-pandemic “freefall” but sluggish long-term growth remains a cause for concern, the Productivity...

  16. Workers accrue record 200 million days of annual leave

    at 14.1 days but the overall level of accrued annual leave has increased as the workforce has rapidly expanded during the last two years.” Roy Morgan employment figures showed the workforce now comprised over 15.5 million workers, up by 1 million from...

  17. Canberra to mandate ransomware reporting, smart device standards

    regulatory gaps identified by the government’s ambitious seven-year, $587 million cyber security strategy announced last month. Home affairs and cyber security minister Clare O’Neil said cyber security was a “shared responsibility” between the public...

  18. More questions than answers in code of conduct revisions

    command our attention this year. Proposed legislative measures that did not complete their passage through Parliament by the last sitting day of 2023 (7 December) are likely to be progressed following the resumption of parliamentary sittings on 6...

  19. Why 2023 was a year of living taxingly

    below. Note that not all the government’s proposed legislative measures completed their passage through parliament by the last sitting day on 7 December, so the government will resume its progression of these measures when the 2024 Parliamentary...

  20. SME wages fall for first time in 6 months

    Hero calls for an end to rate hikes after payroll data showed easing pressures in the labour market. SME wages fell last month for the first time since May in a sign of a cooling economy, said payment platform Employment Hero, calling for an end to RBA...

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