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  1. Six out of 10 employees distrust artificial intelligence

    to make AI safe, the study found, with many saying inadequate regulations had failed to keep up over the past two years. Lead partner at KPMG Futures James Mabbott said a lack of trust in organisations and the government was also influential. “A key...

  2. SISFA warns against special treatment for accountants in advice reform

    Association (SISFA) has warned that further special regulatory treatment for accountants giving advice to SMSF clients would lead to poor outcomes for consumers, as the joint industry body working group gears up to take a proposal for a reformed...

  3. Side hustlers could be slapped with large tax bills this year, warns CPA

    required to report the income earned by their users under the Sharing Economy Reporting Regime (SERR). Jenny Wong, CPA tax lead, said workers who had earned money through UberEats, Airtasker, YouTube and OnlyFans and did not report and pay tax on the...

  4. Shrinking planner pool tipped to encourage merging of professions

    pin instead,” Mr Kalachian said. “So, it doesn’t surprise me that that's happening.” Mr Kalachian believes that this will lead to further convergence of the accounting and financial planning industries, as their education requirements level out. “I...

  5. Should I employ tech-savvy people or invest in training my staff?

    use – Ensure you tie the training with their current job requirements. Remind staff that additional knowledge could lead to a future promotion or pay increase. Break it up into small steps – Be patient. Some employees may pick it up quickly, but others...

  6. Shoppers OK with theft as cost of living bites

    found one-third of respondents said return fraud was justifiable, such as lying about the reasons for returning a product. Lead researcher Stephanie Atto from the Australian Consumer and Retail Studies group, which produced the Cost of Living and...

  7. ShineWing targeting big four partners

    reported in AccountantsDaily, the Australian arm of the Chinese giant recently recruited Stuart Cioccarelli from Deloitte to lead its new Brisbane office and, according to managing partner Marco Carlei, lateral recruitment is set to continue. With the...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  8. ShineWing recruits big four partner, announces major expansion

    ShineWing Australia has recruited a leading tax expert with previous partner experience at PwC, KPMG and Deloitte to lead its new Brisbane office. The Chinese giant has announced ShineWing Australia’s new Brisbane office, which opened earlier this...

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

  9. Shift from financial COVID support key for businesses in the long run

    that the range of options available to business owners to respond to their difficulties can reduce significantly. “This may lead to otherwise viable businesses needlessly struggling. In a worst-case scenario, decisions on the future of a business may be...

  10. Sharon McClafferty – Transforming Accounting Firms

    Sharon McClafferty’s journey from childhood dreams to the CEO of Slipstream Group showcases her passion for empowering leaders and fostering growth in the accounting industry. How did you start down this career path? I’ve wanted to work for one of “the...

    • Type: Article
    • Author: Slipstream Group
    • Category: Profiles

  11. Service-based small businesses lead productivity decline: Xero

    A report has found wholesale trade was the most productive industry last year, while hospitality performed the worst. Service-based small businesses in hospitality, arts and education led a nationwide decline in productivity last year, according to a...

  12. September CPI means another rate rise on the cards, observers say

    Magnusson said another interest rate increase was on the cards, although the RBA might hold next week. “We expect this to lead to one further cash rate hike, but not necessarily before Christmas,” he said. “While many households are squeezed, we have...

  13. Senior hires, expansion for mid-tier

    while maintaining its Burwood office in Sydney’s inner west. As part of the expansion the mid-tier has added to its NSW leadership team, bolstering divisions such as taxation, general accounting, auditing, financial planning and business advisory...

  14. Senator says KPMG misconduct reflects 'systemic failure' in regulation of profession

    being inappropriately shared to win external audit work. Senator Paul Scarr said the egregious breaches undertaken by senior leaders at KPMG were a clear indication that the accounting body had also failed in its role in upholding the ethical standards...

  15. Senate committee gives 6-member SMSFs bill green light

    Legislation Committee has recommended that the six-member SMSF bill be passed, despite concerns from Labor that it may lead to “perverse outcomes” for SMSF members. In early September, the government reintroduced its measure to increase the number of...

  16. Secrets of successful business coaches

    can’t review progress with clients on a regular basis. Strong business coaches will identify a small group of critical lead indicators of performance and will then help the client build a SMART list of actions based on overall objectives and specific...

  17. Scott Morrison to consider new aged care tax

    perceives aged care for the better, towards it being seen as something valuable in which we all have stake, and that it will lead to greater scrutiny and accountability in the way money is raised and spent on aged care into the future,” he said....

  18. SBR specialist launches database displaying practitioners’ success rates

    and interest rates are increasing, and consumer spending is tightening,” Archer said. “The current trading challenges will lead to many businesses carrying ATO and other debts they can’t pay. The SBR process can be a genuine lifeline for those...

  19. SBR misconceptions, rising DPNs, and what’s next for small business directors

    their company to fall behind with its tax obligations, the ATO will likely issue a DPN on a director personally, which can lead to that director being made personally liable for the company’s unreported and/or unpaid tax obligations. The interplay...

  20. Satisfaction with super funds plummets from record high

    for members throughout.” She said satisfaction levels were lowest for retail and industry funds while SMSFs maintained their lead. “Retail funds are down 5.6 per cent points to 61.3 per cent and are the lowest rated category, while industry funds...

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