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  1. Aldi to face $150m wage theft class action suit

    FY 2020-21 that it increased its revenue from $9.6 billion to $10.7 billion. In April, Aldi reported that its sales in the last quarter of 2022 were up 13.2 per cent year-on-year, as consumers switched to the discounter to save money amid higher living...

  2. Albanese concedes franking credit rethink

    entirety,” Mr Bowen said. “But no political party ever takes to the next election exactly the same policies they took to the last. That would be dumb. They all have to be reviewed. It’s a blank canvas. We start again with new policies, collectively.”...

  3. Airwallex pushes into Canada on back of rapid growth in Americas

    the past year. Globally, Airwallex now covers more than 150 countries and enables US$50 billion in annualised transactions. Last month, the company secured an online payment licence in China, adding to its existing licenses in Australia, New Zealand,...

  4. Airwallex posts 93% revenue surge in Australia

    strong product offerings and has flagged plans for further expansion. Airwallex recorded a 93 per cent increase in revenue last year across its Australian and New Zealand business, it announced in a statement last week. The Tencent-backed fintech, now...

  5. Airwallex partners with American Express 

    The Melbourne start-up now offers 60 payment methods and was valued at $5.5 billion late last year. Airwallex has partnered with American Express to expand its card payment capability beyond Visa and MasterCard. Airwallex said the partnership meant...

  6. Airwallex doubles down on borderless payments mission

    most powerful global financial infrastructure and expand our reach into markets where we see significant opportunities”. “Last year, we processed close to US$50 billion in annualised transactions volume and doubled our number of monthly transacting...

  7. Air fryer fails tax deduction ‘pub test’: ATO

    had tried to get past, with many not making the cut. The ATO said some of the most “outrageous” deduction attempts it saw last year included a mechanic trying to claim an air fryer, microwave, two vacuum cleaners, a TV, a gaming console, and gaming...

  8. Air Accounting taps into e-commerce with Bean Ninjas partnership

    The deal follows the acquisition of speciality hospitality accountants Cafe Bookkeepers last year. Air Accounting has partnered with e-commerce accountants Bean Ninjas to diversify its specialist offerings, it announced in a statement last week. The...

  9. AICPA and CIMA set up inaugural Australasian committee

    the committee would advocate for its members in the region and continue to increase the scope of the association. “In the last couple of years, we’ve experienced steady growth, and we hope to continue on this path,” she said. “We have members and...

  10. AI, pay rates and work flexibility top issues for profession

    behaviour, exclusionary cultural issues and workplaces exhibiting a lack of psychological safety.” One strong trend from last year’s results was “alarming” rises in work-related stress and burnout, and that also came through in this study. “Poor...

  11. AI, accountants high on Intuit’s priority list, product VP says

    product, Adolfo Fernandez, said the new suite indicated Intuit’s growing focus on serving accountants. “Over the last years, Intuit has been building for the end customer. And now more than ever, we are actually making a huge effort and a huge...

  12. AI won’t reduce the need for new accounting entrants: CA ANZ

    is through pathways like these that the skills shortage can be addressed. The CA Foundations program, which launched in July last year, received more than 4,000 enrolments, exceeding CA ANZ's expectations. “We have also been delighted with candidate...

  13. AI will not replace accountants: A recent Case Study

    Youngman, Managing Director and co-founder of Elf Works is of the view the role of the accountant is here to stay. “Over the last few months, we’ve spoken to dozens of business owners and sophisticated investors as we finalise our latest capital raise....

  14. AI vital in cyber security arms race, say IT leaders

    Crime Threat Report 2022-23 found an incident was reported every six minutes and cost small businesses an average of $46,000 last financial year. The report said AI presented new data and cyber security risks as “malicious cyber actors could use AI...

  15. AI to shake-up one-quarter of economy: Deloitte

    manufacturing, mining and arts and recreation while some sectors, especially agriculture and construction, would be affected last and least. The report, Generation AI: Ready or Not, Here We Come! combined economic research with a survey of 2,550...

  16. AI strategy and quality thought leadership – why it’s crucial for modern accountants

    to the market and have a look at what's cutting edge?” Almost every time in the past, firms have decided to build. Over the last five years, I think there's been a lot of investment in big accounting firms and their own internal IT teams and they're...

  17. AI regulation must come with SME support, says CPA Australia

    that 26 per cent of Australian small businesses had invested in new technology which had proved profitable over the last year, compared to 56 per cent across 11 other markets. It also found that 39 per cent of Australian SMEs reported that more than 10...

  18. AI and automation: the key to increasing revenue potential

    Accountants and bookkeepers who have come through the challenges of the last two years the strongest and continue to drive efficiency, are those who have embraced AI and automation. For the last two years, finance teams have faced challenges on both...

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

    leaders around the world would rate AI as the most important technology over the next five years, up from 65 per cent last year, HLB Mann Judd Melbourne partner Kapil Kukreja said. “Business leaders increasingly see AI as an essential tool, not just for...

  20. AI ‘perfect for the heavy lifting on routine tasks’

    it as a query, and then runs the query on the practice management database to see what the actual status is and what the last note was, creates the response for you. “If 30 per cent of email is related to these types of queries, how much of the firm’s...

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