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  1. SavvyWise raises $1.56m to accelerate R&D on Australian tax-specific AI models

    they want a solution built specifically for them, not a generic AI tool retrofitted to tax,” he said. SavvyWise launched last year, and now boasts more than 2,000 users across 200 firms, with 113 paying organisations. The platform uses ring-fenced AI...

  2. Sam Allert talks technology

    recently. Of course, as everyone would probably say, cloud technology has been huge but the other big advancement over the last few years has been integrations. What I mean by that is advancements in technologies around data feeds, whether that’s bank...

  3. Salary growth ‘line-ball with CPI’, accountants in lead pack

    figure was driven by a second month-on-month increase of 0.5 per cent, the largest rise in the Advertised Salary Index since last November, with accounting in a leading pack that also included community services, retail and trades. Seek senior economist...

  4. Salary battle proves tough for 70% of finance professionals: Robert Half

    that 70 per cent of finance workers said it was more challenging to negotiate a pay rise now than it was in the same period last year, with only 9 per cent of workers having reported it as less challenging and 21 per cent having noted there was no...

  5. Sage makes play for larger firms in latest partnership

    Sage, the partnership reinforces its focus on the tax return market in Australia, and is in line with plans it foreshadowed last year to target larger firms. Sage’s traditional base has been firms with less than 10 employees, but its outgoing accounting...

  6. Safety nets kept in place for tax time

    lodgement service (ELS) to practitioner lodgement service (PLS). Mr Walker said that when the PLS was introduced in July last year, approximately 4 per cent of returns were lodged through it. That has continued to increase over time and now sits at...

  7. SA super scammer charged with 69 counts of deception

    of deception in an alleged SMSF scam will now face further action after attempting to dissuade witnesses from testifying. Last week, a 33-year-old man was charged with 69 counts of deception following investigations from South Australia Police’s...

  8. SA medical centres win payroll tax reprieve

    ruling by the Supreme Court of NSW in the landmark Thomas and Naaz Pty Ltd v Chief Commissioner of State Revenue [2022] case last year. That ruling cast medical centre arrangements into doubt and redefined GPs – who typically pay a percentage of their...

  9. S100A rules to ‘double the price’ of trust distribution work

    the issue of reimbursement agreements that could trigger s100A and another potential pitfall highlighted by the Owies case last year, which confirmed that trustees had to consider the circumstances of beneficiaries. He said documents would be required...

  10. Rushing your tax? Why early birds aren’t getting the worm come tax time

    them before pre-fill information became available. The Tax Office issued corrections for over 140,000 personal returns last year, identifying errors spanning government benefits, investment yields, salary earnings, and health insurance details....

    • Type: Article
    • Author: Matthew Taylor
    • Category: Tax

  11. Rushed changes to workplace relations risk ‘conflict’

    to be rushed, say business bodies in the wake of the government’s Secure Jobs, Better Pay bill introduced to parliament last week, or the result will be “workplace conflict”. A simpler and more accessible industrial relations system should be the...

  12. Rule changes see business owners turn to SMSFs

    SMSFs continue to grow in popularity, with 53 per cent of respondents using a SMSF compared with 48 per cent in the survey last year and 45 per cent in 2013. RSM Bird Cameron director Brad Eppingstall said the superannuation rules continue to be...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  13. RSM's fee income spikes

    have had a very positive year and these figures indicate that RSM is going from strength to strength," she said. In October last year, RSM member firms globally adopted the brand and trading name ‘RSM’ and according to the firm, the unified brand...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  14. RSM welcomes updated PCG on transfer pricing for inbound distributors

    compliance guide on transfer pricing for inbound distributors, saying it would bring additional clarity for taxpayers. Last week (22 April), the Tax Office updated its transfer pricing guidelines for inbound distributors to reflect recent market...

  15. RSM revenue surges 15% on middle market demand

    it said on Monday. The mid-tier firm’s result mirrored RSM Global network’s revenue growth of 16 per cent to $US9.4 billion last year. RSM Australia CEO Jamie O’Rourke attributed the firm’s domestic performance to the strength of the Asia-Pacific...

  16. RSM records big spike in fee income

    world's seventh largest global network of independent audit, tax and advisory firms recorded fee income of US$4.4 billion last year. The growth was predominantly driven by a strong performance in Europe, where the network saw 79 per cent incrome growth....

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  17. RSM names new partners and principals

    McArthur have been made principals in the Financial Service business. This year’s round of appointments is slightly down on last year when RSM announced six new partners and three principals. New RSM partners: Ross Paterson Mr Paterson, who joined RSM...

  18. RSM International expands network

    to the UK,” said Mr Hutchinson. Baker Tilly acquired RSM International's previous UK member firm, RSM Tenon, in August last year, creating a firm of 40 offices, around 3,500 partners and staff and a fee income of over £300 million. The acquisition of...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  19. RSM adds partners, principals to accelerate growth plans

    successful year,” he said. He said RSM set a goal of having 1,750 staff in 2024. A raft of appointments at the end of last year, including five partners, two associate directors and an economist, took total numbers to over 1,800 by November. “RSM is...

  20. Royal commission makes case for tax law simplification, says law firm

    and law that taxpayers are expected to comply with that has been announced but not even drafted let alone enacted.” Last year, an inquiry by the House of Representatives Standing Committee on Tax and Revenue called for a full review of Australia’s tax...

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