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  1. 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...

  2. 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....

  3. 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...

  4. 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...

  5. 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...

  6. 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...

  7. 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...

  8. 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...

  9. 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...

  10. Agribusiness guide update covers latest tax, legal issues

    Clarke director and head of the firm’s agribusiness legal practice, Peter Slegers, said since the guide was first launched last year it had become essential reading for professional advisers. “The guide offers solutions and guidance to accountants,...

  11. Agreement rule is ‘100A Achille’s heel’

    “A beneficiary’s entitlement has to arise out of a reimbursement agreement,” he said on a webinar devoted to the subject last Friday (24 June). “And the courts have said that reimbursement agreement must occur prior to the present entitlement arising....

  12. Agents regain access to deceased estate data

    mid-August, following the postponement of parliamentary sittings in light of COVID-19, but a resumption of sitting over the last week saw the legislative instrument come into effect from 15 May. The change means the ATO can now legally disclose...

  13. Agent’s tax debts could trigger client audits: ATO

    program targeting tax agents with outstanding tax obligations could trigger ATO client audits, the agency has revealed. Last week, the TPB announced the launch of a debt and lodgment project for tax practitioners who have personal tax debts with no...

  14. Ageing SMSF members trapped in legacy pensions

    income stream or an annuity.” Ms Steed said AET had received almost 50 inquiries about how to manage legacy pensions in the last half of 2019, and that the trustee services company was calling on the government to enact an amnesty allowing pensioners to...

    • Type: Article
    • Author: Sarah Kendell
    • Category: Super

  15. Ageing Aussie business owners ‘put the brakes on innovation’ 

    the sector.” However, CPA Australia said it was not all doom and gloom, with 2022 being Australian firms’ best year in the last five and almost half of all small businesses growing, with 2023 expected to be even better. “It’s understandable that some...

  16. Aged care provider underpaid staff more than $3.5m

    unchecked, which left hardworking employees missing out on their money.” The action against Uniting AgeWell comes after late last year the FWO took action against another aged services organisation - RSL LifeCare Limited - which had underpaid 3,591...

  17. Aged care policy changes tipped in budget

    reviews done in recent times. Aged Care Steps director Louise Biti said there were seven major reviews done on aged care last year, and there are still some reviews in process this year. “The government is yet to release any policies from any of those...

  18. Age for downsizer super scheme to drop to 55

    savings. Anyone over 55 will be able to make downsizer super contributions if tax amendments introduced to Parliament last week are passed and the revised rule could apply as soon as October, according to one superannuation specialist. The reduced age...

  19. AFSA’s positive discrimination makes inroads for female trustees

    to actually hire women, to promote women.” Recent statistics show 40 per cent of trustees coming into the profession in the last two years were women, and “the majority of those leaving the system are men”. “That’s positive in terms of status change the...

  20. AFSA unveils current personal insolvency trends, insights

    debtors, coupled with lower unemployment rates, have led to a dramatic drop in the number of personal insolvencies over the last eight years. Despite the current economic climate and subdued consumer conditions, the Australian Financial Security...

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