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  1. Six out of 10 employees distrust artificial intelligence

    to make AI safe, the study found, with many saying inadequate regulations had failed to keep up over the past two years. Lead partner at KPMG Futures James Mabbott said a lack of trust in organisations and the government was also influential. “A key...

  2. Nine in 10 bosses help staff battle cost of living

    to ensure employees are being supported,” said Mr Brushfield. “They know that not taking any measures is risky and can lead to the loss of great talent, particularly when they observe the ways in which other employers are supporting their staff.”...

  3. Deloitte acquires venture growth consultancy firm Glass

    exciting move.” “It’s a logical next step and a case of the right time and the right place.” Deloitte Consulting’s lead partner of strategy and business design Kellie Nuttall said the addition of Glass would bring further innovation expertise to the...

  4. Faster payments for SMEs spur Stripe, Xero partnership

    businesses in the current economic climate,” said Mr O’Neil. “We expect our continued emphasis on innovation with Stripe to lead to making payment experiences easier and help small businesses make better money decisions.” “We’re excited to deepen our...

  5. ‘Values-based capitalism’ needs quid pro quo for business

    government — of whole societies — don’t and shouldn’t permit one simple solution set.” CA ANZ superannuation and financial lead Tony Negline said trying to shift the purpose of private funds such as super would require them to also benefit. “It is...

  6. ‘Erratic’ valuation increases trigger huge leaps in NSW land tax

    in 2022–23, and over four years to 2025–26 it would generate an added $146 million. Mr Want said lowering the discount could lead to investors who previously took advantage of it holding onto their money for as long as possible. “The clients who have...

  7. Gig economy reporting regime ‘will expose tax underpayments’

    its sights on the $6.3 billion sharing economy. “We anticipate that the increased visibility of income data to the ATO will lead to the detection of many instances of potential non-compliance,” CPA Australia said in its submission on the matter. “In...

  8. Automation the answer to inflation, say Australian businesses

    the impacts of inflation, according to Grant Thornton’s International Business Report (IBR). Grant Thornton CMO and industry lead Fraser McNaughton said firms were responding to economic challenges — with inflation figures this week showing it hit 7.8...

  9. Guardian AIT decision leaves s100A questions hanging

    they can successfully argue there is no reimbursement agreement and, therefore, have no section 100A problem.” CA ANZ tax leader Michael Croker said the accounting body would be watching closely for the ATO’s response. “Guardian could be viewed as an...

  10. One more rate rise could tip us into recession, says Deloitte

    in the cash rate beyond the current 3.1 per cent could unnecessarily tip Australia into recession in 2023,” said the report lead author Stephen Smith. “On the RBA’s own figuring, mortgage repayments, including principal and interest, are already on...

  11. International tax reform could net annual gains of $220bn

    two-pillar system to address the tax challenges which arose from the digitalisation and globalisation of the economy would lead to greater taxing rights for market jurisdictions and a floor placed on tax competition said the OECD. Pillar Two would...

  12. A guide to the tax implications surrounding divorce settlements: 

    Divorces often lead to a number of tax implications, particularly when transferring real property from one party to another. If you have a client who is recently divorced or contemplating getting a divorce, then it is important to understand the tax...

    • Type: Article
    • Author: Justice Family Lawyers
    • Category: Tax

  13. ASIC commissioner exits before end of term

    11 months before his terms ends, after accepting a role as general counsel at asset manager Vanguard. Mr Hughes had been a lead voice on the issues of whistleblowers and audit quality. He has previously held several positions at ASIC, including senior...

  14. EY appoints finance high-flyer before split

    very relevant, and she will bring great insight into the split that EY is working through.” EY said it would name additional leaders to several positions across both the proposed post-split organisations in the coming weeks.

  15. William Buck director appointed to Governance Institute

    The leadership role will see him lead a council of 18 people to promote education and membership opportunities offered by the institute. William Buck director Jeffrey Luckins has been appointed as the Victorian State Council Chair of the Governance...

  16. Why an automated finance team will pay dividends

    sales process, ready to manage transactions by issuing, monitoring and, ultimately, closing out invoices. This reality can lead to these teams being viewed as administrative staff, supporting other departments but not necessarily bringing in business...

  17. Experienced pair promoted to partner at Cor Cordis

    insolvency and forensics, and specialised in forensic accounting and expert witness engagements. She had been appointed to lead Cor Cordis’ forensic practice nationally as the firm looked to grow its reputation in that space and develop specialist teams...

  18. Why digital payments will fuel the post-pandemic economy

    for the global economy “quite worrying”, is likely to do the same with plenty of research suggesting that economic downturns lead to greater digitisation, which in turn can be an effective future-proofer. How companies can get ahead The pandemic and...

  19. 2023 crystal ball: Four things that will happen, and four that won’t

    about the potential for tax reform over the past year. CPA Australia has been encouraging the federal government to lead GST discussions with the states and territories to help the transition away from inefficient taxes, such as stamp duty. While we...

  20. How an unpredictable year left a lot undone

    and a secondary (four-factor) test. We have publicly shared concerns regarding the announced reforms that we believe would lead to unintended outcomes while unnecessarily increasing the compliance burden for many taxpayers. We believe further...

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