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  1. CPA Australia reveals focus for first in-person congress since 2019

    focus of this year’s CPA Congress will be AI in finance and accounting. The 2024 congress will feature some of the world’s leading authorities on AI and will run from 15 October to 18 October at the National Convention Centre in Canberra. The event will...

  2. COSBOA pushes for targeted SME policies ahead of election

    threats. COSBOA and CommBank said the report was created to spark meaningful conversations among policymakers, business leaders and the broader community to “champion the needs” of Australia’s small businesses and unlock their full potential. COSBOA CEO...

  3. Accountants ‘disappointed’ by withdrawal of disallowance motion

    a clear list of issues that need to be disclosed when applicable,” said CPA Australia regulations and standards lead, Belinda Zohrab-McConnell. “Large parts of the determination’s obligations should be familiar to our members as they are drawn from the...

  4. ASBFEO issues copyright law warning for small businesses

    not to consider their own unfounded DMCA action against competitors, as misuse of legal protections could backfire and lead to action being taken against them. “In all cases, Australian small and family businesses should get their own legal advice if...

  5. Quick guide: How accountants will play a crucial role in identifying climate related risks and opportunities

    CPA Australia’s nature-related guidance document for accountants and business leaders. In an era marked by increasing awareness of environmental issues, organisations are more attuned than ever to their dependence on nature and the associated risks and...

    • Type: Article
    • Author: CPA Australia
    • Category: Business

  6. Finalists revealed for Commercial Finance Awards 2024

    Awards 2024. The awards program, jointly run by Accountants Daily and sister brands Broker Daily and The Adviser, showcases leading commercial brokers, brokerages and aggregators paving the way in the Australian commercial finance industry. The...

    • Type: Article
    • Author: Arabella Walton
    • Category: Business

  7. Loan rejections surge for struggling SMEs

    for 60-month terms jumping 45 per cent on last quarter, Banjo said an inability to service new loans was still the leading cause of declined applications. Businesses were also failing to meet minimum eligibility criteria, it said. Compared to the same...

  8. Inquiry raises concerns about ‘systemic misuse of accountants’ certificates’

    the use of accountants' certificates and the misclassification of clients as wholesale or sophisticated investors. AFCA lead ombudsman, investments and advice, Shail Singh, said since starting operation in November 2018, AFCA has received around 140...

  9. Xero appoints new managing director

    is set to serve a dual role as he has retained his previous position as global chief strategy officer on Xero’s executive leadership team, according to Xero. Hansen Grech said Soin was the perfect choice for managing director for the Australia and New...

  10. Tax promoter penalty changes must be delayed: SMSFA

    use of the term ‘likely to result’ provides regulators with very broad powers to act in response to activities that might lead to the illegal release of superannuation benefits, even if no withdrawal has been made,” Burgess said. “This means that merely...

  11. Transparent promotion frameworks vital in financial services

    employees. Implementing transparent promotion frameworks with clear processes, requirements, and job descriptions could lead to more inclusive and diverse leadership, Crowe argued. “By seeing proven results, we will ultimately change culture. I think...

    • Type: Article
    • Author: Arabella Walton
    • Category: Business

  12. What do accountants want? Uncovering the top priorities of today’s talent

  13. Government makes move to bolster retirement phase of super

    which would ensure retirees had easy access to independent, reliable information on super and retirement options. “ASIC will lead a consumer education campaign to raise awareness amongst people approaching retirement and in retirement. New resources...

  14. Anti-money laundering reforms pass both houses

    regime to high-risk professional services, including those offered by its members. CPA Australia’s regulations and standards lead, Belinda Zohrab-McConnell, said an effective regime that detects and prevents criminal activity would help protect...

  15. Tax agent cautioned over rogue employee’s $319k client refund theft

    tax agent has been let off with a caution from the TPB after improperly sharing their myGovID credentials with an employee, leading to the misappropriation of $319,000 from over 100 clients under their noses. The Tax Practitioners’ Board’s Board Conduct...

  16. A&M Tax continues Australian expansion with senior appointments

    and finance functions across 130 countries, particularly in the technology, media, and telecom sectors. Panhwar, who will lead the transfer pricing team from Melbourne, advises clients on complex issues such as inbound/outbound debt flows, business...

  17. Insight: Integrating AI into your business in 2025

    helping clients make informed decisions. These insights don’t just add value – they position your firm as an innovative leader in the industry. 6. Personalise the client experience AI’s ability to process vast amounts of data quickly makes it an...

    • Type: Article
    • Author: Olivia Long, SMSFAI
    • Category: Business

  18. ATO to home in on incorrect tax residency claims

    is a key risk in the privately owned and wealthy group market,” the Tax Office said. “Incorrect residency disclosures may lead to other tax risks, which may present for the taxpayers and their wider group.” It was also noted that additional risks may...

  19. Consumers warned to avoid post-Christmas ‘spending hangover’

    spending, with 78 per cent compared to 71 per cent. Kirkland said those who had planned to increase their spending could lead to costly decisions such as putting too much on credit or entering unnecessary debt. “If you do find yourself with too much...

  20. ATO flags priority areas for Next 5,000 reviews for 2025

    One area the ATO is targeting with its reviews is businesses that are experiencing rapid growth, which the ATO said can lead to incorrect reporting if the tax governance framework isn’t fit for purpose for a growing business. The ATO said will also be...

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