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  1. Victorian budget proves ‘controversial’ for SME community

    introduction of the Emergency Services Levy was flagged as “controversial”. Gavan Ord, CPA Australia’s business investment lead, said: “It has come to something when the confirmation of no new business taxes is presented as good news”. “Though a period...

  2. Victorian budget offers ‘little support’ to struggling businesses: CPA

    a holistic view of the regulatory impact they are having on business,” said Gavan Ord, Business Investment and International Lead at CPA Australia. “New regulation, when considered in isolation, often looks reasonable, but when it’s added to every other...

  3. Victorian ‘Airbnb tax’ misjudges landlords, experts say

    They said the levy might make operating short-term rentals more expensive for landlords, but it would not necessarily lead to marked increases in the rental market. The levy was part of the government’s Housing Statement, unveiled on Wednesday, which...

  4. Victoria’s ‘hibernating’ property tax could rival GST in impact

    warned the consequences would only be apparent when the duty applied in 10 years. “From the perspective of what it could lead to, it is possibly Australia’s most significant tax change since the GST,” it said. “The reality is that the practical impact...

  5. Victoria announces $280m business support injection

    pandemic, including more than $500 million through the May/June restrictions period with $461.2 million allocated for the lead Business Costs Assistance Program and Licensed Hospitality Venue Fund,” Mr Pakula said. Mr Pakula said that about $180 million...

  6. Value-adds to strengthen client relationships

    Providing “value-add” services to customers can often strengthen the relationship and lead to increased advocacy. The challenge is to find something that will add value that is relevant to the core service. Most people turn to their accountant at tax...

  7. Valuation requirements for CGT changes to 'completely swamp' industry, IPA warns

    CGT changes could lead to a significant increase in workloads for accounting professionals due to the valuation and record-keeping requirements associated with the reforms, the accounting body has warned. Institute of Public Accountants senior tax...

  8. Vacant land tax reform legislation released

    is to leave it undeveloped for some time, and I wonder whether there should be a deduction to cover types of periods in the lead up, because you would have applied to your development authority and all those sorts of things.” Treasury is consulting on...

  9. Using AUSTRAC’s starter kits: A practical guide

    much of what you need. This is about adding one or two sensible checks, not rebuilding your process Nominate an AML/CTF lead – every firm needs someone who can make a call when something doesn’t quite feel right. This can be a partner, manager, or even...

  10. US-style small business loan scheme needed in face of looming ‘silver tsunami’

    so many Baby Boomers set to retire in the coming decade, advocates have said there is an urgent need to follow America’s lead and ensure profitable businesses do not get swallowed up by private equity or the big of town. Recently, a Queensland-based...

  11. US-style debtor-led bankruptcy arrangement risky, government warned

    and investment policy manager Gavan Ord believes undertaking such major reform without appropriate consultation could lead to a number of adverse outcomes for businesses and creditors. “The consequences of such changes would need to be carefully...

  12. US firm follows Deloitte Australia's lead

    Following Deloitte's recent appointment of Cindy Hook as CEO, the firm’s US operation has appointed its first-ever female leader. Cathy Engelbert has been elected chief executive officer of Deloitte LLP, becoming the first female CEO of a major audit...

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

  13. Urgent action needed to improve audit regulation, warns CPA

    ASIC’s surveillance and inspection and better coordination across ASIC’s audit functions. CPA Australia, audit and assurance lead Tiffany Tan said registered company auditors play a crucial role in safeguarding Australia’s financial markets. Tan said...

  14. Upskilling in Applied Finance: Key Learning Outcomes & Career Pathways

    how to put them to work in actual business and investment situations. And building stronger applied finance skills can lead to a host of benefits, whether you're looking to move up, specialise, or change direction. Here are some of the key learning...

    • Type: Article
    • Author: Matthew Kayser
    • Category: Business

  15. UNSW ‘systemic’ failures, $213,120 penalty: ‘Fundamentally a governance issue’

    and upgrade systems to support accurate time reporting.” Belinda Holden, payroll advisor and compliance and governance lead in people and culture at Catholic Education Sandhurst, said this case “reinforces that payroll compliance is fundamentally a...

  16. Unpacking Your Future, Your Super reforms

    that a lack of financial wellness causes billions of dollars in lost revenue and productivity, as financial anxiety can lead to absenteeism and reduced worker focus. Onboarding is an integral event for workers in their life cycle, with employers playing...

  17. Unpacking complex trust and equitable interests in family law disputes

    over a trust is a critical determinant. Even in the absence of legal ownership, the exertion of effective control can lead courts to treat trust assets as belonging to that party. This necessitates a thorough assessment of the functional control...

    • Type: Article
    • Author: Kristy-Lee Burns, Owen Hodge Lawyers
    • Category: Regulation

  18. Unlocking AI’s next leap forward: empowering SMEs to lead the way

    is simple: to make AI work for businesses – safely, responsibly, and with confidence. Julian Vido is the AI safety lead at MYOB.

  19. Union flags government dispute with ATO

    Nadine Flood described the agreement as the “latest pack of nasties” from Minister Abetz “who appears determined to lead the federal government into a dispute with their 165,000 employees”. “Under this proposal, workers will see an increase in their...

  20. Underpaid super affects 1 in 4 NT workers, tax data reveals

    would modernise the super payment system while decreasing the amount of unpaid super across the country. “Payday super will lead to almost nine million Australians getting their super contributions more frequently throughout their working life.” “SMC...

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