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  1. Staying safe from cyber-attacks in a digitally connected world

    the target of cyber crime, with the annual cost to the Australian economy being a whopping $1 Billion. A breach can not only lead to financial loss, but also loss of trust from clients and even legal action. Explore some of the biggest entry points for...

  2. Start-up carve-outs bring complexity, uncertainty, submissions say

    early investment in innovative start-ups, and we commend Treasury for consulting openly on its design," CPA Australia tax lead Jenny Wong said in a statement. However, while CPA Australia has welcomed the CGT concession for investors in Australian...

  3. Standardised deductions won’t hurt demand for tax agents: CA ANZ, CPA Australia

    senior manager of tax policy at CPA Australia. “We reject the proposition that a standard deduction would necessarily lead to a decrease in the use of tax agents, because the tax system remains quite complex,” Ms Kasapidis said. “Just because you may be...

  4. Stampede to AI reined in by questions of trust

    The enthusiasm was reflected by the optimistic outlook when it came to generative AI with 77 per cent of business leaders of the belief that it would have an overall positive impact on their business. The majority of respondents said the tool would lead...

  5. Squirrel Super fined $55k for false property claims

    Federal Court finds financial services company distributed thousands of misleading brochures. The Federal Court has fined Squirrel Superannuation Services Pty Ltd $55,000 for engaging in misleading and deceptive conduct involving the investment...

  6. Spotlight turns to business revenue

    are also open to discounts, changes and renegotiations. Tracking these factors manually can become a significant task and lead to errors when recognising revenue. Wherever in the world a business is domiciled, it will have to meet certain financial...

  7. Spike in fees for liquidators, auditors slammed

    fit for purpose, and was forcing professionals out of the market, particularly smaller players. He said the high costs would lead to further market concentration, in turn pushing up prices, and discouraging new entrants into the sector. “Who should pay...

  8. Specialised firm tackles spike in COVID-19 fraud

    because of poor advice from trusted advisers. “The consequences are predictable. A lack of insight and expertise can lead to communication failures, mistakes in investigation or the analysis of evidence, and ultimately, substantial and unnecessary...

  9. Space tech will transform ESG reporting, says EY 

    in accurately conducting their environmental, social and governance (ESG) reporting according to EY. EY Space Tech Lab leader Anthony Jones said space technology would become as crucial to businesses as GPS, which enables the precision timing that...

  10. Son Pham – Managing Director

    his vision both compelling and aligned with my own principles. Shortly after, Scott approached me with the opportunity to lead Rethink Financing—a business designed to complement Rethink Investing by supporting clients in structuring their finance...

    • Type: Article
    • Author: Rethink Financing
    • Category: Profiles

  11. Software, fintech firms team up for advisers, accountants

    for several major licensees (soon to be announced), and we expect more financial planning practices to follow the lead of combining our two solutions to develop cutting edge, streamlined advice.” Chief executive of PractiFI, Glenn Elliott also welcomed...

  12. Software provider makes two leadership appointments

    Accounting software provider Sage has made two new appointments to its leadership team and relocated its Australian head office. Sage has welcomed Natalie Chrara as vice president, ANZ sales, following a career in sales management with Ingram Micro,...

  13. Software overload means most CFOs stick to manual processes

    With some finance leaders juggling over 50 different tools, technology is leaving them overwhelmed and ill-equipped to lead their teams through uncertain times. An influx of finance tools has caused more problems than solutions for CFOs with many...

  14. Software boss announces partnership with accounting body

    The myprosperity portal also has functionality that is advantageous to accountants, including digital document signing, lead generation, uploading documents and receipts, and tagging tax items. “Having seen myprosperity in detail, I am convinced that it...

  15. SMSFs spared from Retirement Income Covenant

    this led to fears that the Retirement Income Covenant may not be a good fit in the fund structure of SMSFs and may instead lead to increased costs and red tape for trustees. For registered superannuation entities, schedule 1 to the exposure draft bill...

  16. SMSF penalties and sole purpose test illuminated by the Federal Court

    5 August 2014): For penalties to be imposed there will usually be an unrectified contravention or repeat contraventions that lead us to begin audit action. … Administration penalties will only really be a concern where there are serious contraventions....

  17. SMSF loans set as election battleground

    As tax and superannuation policy look set to be key battlegrounds in the lead up to the federal election, debate over SMSF borrowing has now heated up between both sides of government. While Labor’s proposal to remove cash refunds for excess dividend...

  18. SMSF advisers cautioned on advice fees

    perspective, however, there shouldn’t be a big problem paying for broader advice through super, especially since it should lead to an increase in overall wealth.” [email protected]

  19. SMEs, accountants reminded of top ATO surveillance area

    Two mid-tier partners have reiterated warnings on the risk of making incorrect work-related expense claims in the lead-up to tax time, following the ATO indicating it will scrutinise all expense claims using data matching technology. ATO assistant...

  20. SMEs suffering post-pandemic mental health hangover

    add to problems for SMEs. “As rewarding as running a business can be, these pressures can impact the wellbeing of those who lead them,” Ms Lea said. “We’ve been monitoring the mental health of business owners since 2020 and while the topic has always...

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