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  1. Legislative change ‘crucial’ to simplifying reporting for smaller NFPs

    that NFPs eligible to benefit from the new accounting standards are outlined clearly. Ram Subramania, financial reporting lead at CPA Australia, said clarity and change were needed to establish an appropriate size threshold for smaller NFPs that could...

  2. The complexities of lying in a workplace environment

    policies about expected behaviour and codes of conduct for accountability to ensure everyone is held to the same standards. Lead by example. Management and leaders should demonstrate the values in their actions and decision-making and hold themselves...

    • Type: Article
    • Author: Barbara Selmer Hansen, Impact Business Consulting
    • Category: Business

  3. Tax Office under microscope with its UPE approach

    range of meanings depending on context. 5. A construction of section 109D(3) that includes UPEs to companies as loans would lead to absurd and unintended results from the dual operation of section 109D and subdivision EA. 6. That is, a loan within the...

  4. Happy, cohesive business cultures lead to high performance, says expert

    Business leaders should endeavour to foster a healthy, cohesive work environment to achieve high performance among employees, according to an HR expert. Creating the balance between a healthy yet high-performance work culture is the “golden balance”...

  5. ATO outlines focus areas for SMSF auditor compliance in 2025

    to be a concern for the ATO. These models inherently restrict the amount of time an auditor can spend on an audit and can lead to lower quality audits, particularly where the SMSF has more complex investments,” the Tax Office said. Finally, the...

  6. 5-day office mandate picking up steam in employers, Robert Half reveals

    A shift among Australian employers is emerging, with more beginning to mandate five days in the office as they follow the lead of other businesses. Research conducted by Robert Half has found that Australian employers are being influenced by other...

  7. AI adoption key to unlocking long-term business profitability, survey reveals

    Increasing adoption of artificial intelligence could lead to a significant uptick in business innovation and profitability, an international survey has revealed. New research from HLB International has cast a light on the positive impact global...

  8. 3 in 4 sole operators feel lonely and isolated, research reveals

    per cent frequently worked late evenings. The respondents did note certain mechanisms would help decrease these issues and lead to a better, well-rounded lifestyle. Twenty-three per cent said time off and extra support would help, 23 per cent wanted to...

  9. Super sector to be subject to regulatory scrutiny ‘sooner rather than later’

    scammers understood that superannuation fund members generally gained greater access to their retirement savings which would lead them to target the over-65 age group. This was attributed to the fact this demographic also typically had limited knowledge...

  10. The only event you need this year: 18 Hours CPD at Crown Melbourne

    you can apply straight away. For principals and senior staff, it is also an investment in clarity. It is easier to plan and lead when you have stepped back from the day-to-day treadmill and listened to what is emerging across the profession. Crown...

    • Type: Article
    • Author: Institute of Financial Professionals Australia
    • Category: Business

  11. Wexted opens Melbourne office, appoints new partner

    Restructuring advisory firm Wexted has appointed former PwC director Chris Sequeira to lead its recently launched Melbourne office. Wexted has announced the opening of a new office in Melbourne, following the launch of its Brisbane office just last...

  12. Don’t be the deer caught in the headlights: The ATO’s crackdown on trustee beneficiary statements

    compliance landscape, covering: What accountants are asking about TB statements Learn how to avoid red flags that could lead to audits Understand what happens if you get it wrong and options for fixing historical problems Download your free copy today...

    • Type: Article
    • Author: Knowledge Shop
    • Category: Tax

  13. The power of leveraging AI as a young accountant

    losing clients to firms that can provide this guidance. This is a chance for accountants to step up, provide clarity, and lead their clients into the future. How should accounting firms prepare to help their clients? It starts with education. Make sure...

  14. AML Edge 2025 launched to prepare accountants for looming AML/CTF changes

    head-on,” she said. “In just one day, attendees can gain critical and actionable insights from AML experts and industry leaders who are already leading the way with their compliance strategies.” Scheduled panel sessions will also include state of play,...

  15. ASFA calls for super tax changes for low income earners

    security in retirement for individuals on lower incomes, especially women. “If adopted, ASFA’s budget recommendations would lead to better retirement outcomes for Australians, particularly low-and middle-income earners,” Delahunty said. “Importantly,...

  16. The GIC landscape is shifting

    risk. This could, in turn, have significant consequences for the wider economy (a potential rise in business failures could lead to increased unemployment, reduced consumer spending, and slower economic growth, creating a cycle of hardship that affects...

  17. Government must fix Australia's ‘bureaucratic nightmare’, warns CPA

    pressures, regulatory burden, rising public debt and skills shortages. CPA Australia’s business investment and international lead, Gavan Ord, said the government needed to prioritise creating a more business-friendly environment through improved policy...

  18. Government to push ahead with GIC deduction changes

    affect businesses with cash issues, particularly sole traders on the highest marginal tax rate,” CPA Australia tax lead Jenny Wong said. “You have to question if this really is about repaying outstanding tax debt, or just a penalty on taxpayers...

  19. CPA calls for alternative strategies for reducing ATO tax debt

    penalised taxpayers who were facing delays in accessing Tax Office support and assistance, CPA said. CPA Australia tax lead Jenny Wong said introducing a blanket policy instead of a targeted measure to address accounts with high levels of tax debt was...

  20. Mandatory service standards for super funds 'long overdue', says CPA

    the way in which funds would engage with their members and prioritise member interests. CPA Australia’s superannuation lead, Richard Webb, said the reforms were something the professional body had been pushing and calling for. “There are standards for...

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