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  1. Data analytics front of mind in firm’s latest hire

    analyst. Most recently, he was a business development manager of data analytics at the ASX. Mr Monfort will be tasked to lead Prosperity’s advisory teams by leveraging insights from data analytics and technology innovation and applying them to both the...

  2. Data analytics a value booster for business clients

    efficiency for small and medium business clients, according to a range of data experts. Speaking at Intuit’s recent Industry Leaders Dinner in Sydney, PwC head of innovation and ventures Trent Lund said that by making use of data, accountants could help...

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

  3. Dangers of AI Hallucinations: The recent Deloitte Report

    than to admit ignorance” says Youngman. “Furthermore, most AI models lack a live database to validate output. This can lead to the creation of plausible but entirely fictional content.” James McPhedran, co-founder of Elfworks, believes people learn best...

  4. Curb opaque powers of Commissioner, tax watchdog urges

    of the Commissioner because they are opaque, often delegated to junior officers or exercised without proper oversight, and lead to the perception of unfair treatment. The Inspector-General of Taxation and Taxation Ombudsman (IGTO), Karen Payne, said to...

  5. Crypto Tax: 5 Crucial Areas to Educate Your Clients On

    believe that unless they convert cryptocurrency back into fiat currency, it's not a taxable event. This misconception can lead to unexpected tax obligations. Guidance: Make it clear to your clients that trading one cryptocurrency for another (e.g.,...

    • Type: Article
    • Author: Crypto Tax Calculator
    • Category: Tax

  6. Crowe Horwath partner defects to mid-tier rival

    as partner in the Melbourne office. McLean Delmo Bentleys is part of the Bentleys Australian network. Mr Pearce will lead the digital, innovation and IT enablement division, focusing on helping clients adapt to, and thrive in, the fast-changing business...

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

  7. CPAs’ insurance likely ‘inadequate, not invalid’

    insurer that the cap no longer applies until the 8th of October as a matter of good practice, but I wouldn’t expect that to lead to insurers voiding policies or not responding to any claims.” The trust factor Insuring accountants is “competitive and...

  8. CPA welcomes push to make instant asset write-off permanent

    bill for the 2024 financial year was stalled for almost a year. In a joint statement with the shadow treasurer, deputy leader of the opposition Sussan Ley said the Coalition circulated Senate amendments on Wednesday to implement the party's policy to...

  9. CPA welcomes ATO’s commitment to service improvements

    as well as addressing other concerns raised by CPA members. The forum attracted tax professionals, policymakers and industry leaders, all of whom raised concern over the ATO’s frontline services, such as its letters and registered tax agent phone line....

  10. CPA warns of 'dirty' licensing courses; slams govt response

    Treasury to recommendations made by the Parliamentary Joint Committee on Corporations and Financial Services may, however, lead to better standards among education providers, he said. “Any professional needs to be wary of any course that can provide you...

    • Type: Article
    • Author: Miranda Brownlee
    • Category: Regulation

  11. CPA urges government to scrap proposed extension of tax secrecy exceptions

    and investigate allegations of fraud and other misconduct. Belinda Zohrab-McConnell, CPA Australia regulations and standards lead, said the confidentiality of protected information was integral to maintaining taxpayer confidence to openly engage with...

  12. CPA urges AI use for young business owners

    Australians to seize the opportunities presented by artificial intelligence. Gavan Ord, CPA Australia’s Business Investment Lead, says that AI is reshaping business models and potentially lowering barriers to entry, making this an opportune moment for...

  13. CPA to lead Bentleys firm

    The mid-tier network has now appointed a new chief executive officer to lead its Melbourne office. David Madigan will now lead Melbourne-based McLean Delmo Bentleys as its new chief executive. The CPA joins the firm after a short stint as a consultant...

  14. CPA slams idea of apolitical tax commission

    to be fought on the issue. “Tax reform will only happen if it’s led by the Commonwealth. The Commonwealth must take the lead on it and we expect that they will,” he said. To implement reform successfully, the government will have to sell a whole...

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

  15. CPA seeks FASEA accreditation for prior learning

    FASEA to recognise the long hours of rigorous study that is required to gain and maintain CA membership,” financial planning lead at CA ANZ Bronny Speed previously told Accountants Daily. “Our CA program is highly aligned with FASEA’s integrated model...

  16. CPA outlines key strategies for businesses dealing with US tariff changes

    cash reserves, seeking professional advice and exploring new opportunities. Gavan Ord, CPA Australia business and investment lead, said the accounting profession would play a leading role in supporting clients and organisations through these “turbulent...

  17. CPA outlines gaps in system for combating financial abuse

    managed the finances, leaving the other with limited knowledge or access to financial resources." CPA Australia tax policy lead Jenny Wong said systemic inadequacies within the legal and financial systems also contribute to the prevalence of tax and...

  18. CPA launches review into rising regulatory burden

    Industry has shone a bright light on financial advice and consumers. It is expected that the report recommendations will lead to further regulation and compliance obligations on sectors that are already subject to significant compliance costs and...

  19. CPA issues support for competition reform

    supportive of the relationship between government and stakeholders, along with the introduction of an independent panel to lead discussions regarding reform. “Billson consulted widely when in opposition and he’s continued that critical stakeholder...

  20. CPA calls on workers to prepare for looming SG increase

    to make to their employees’ superannuation funds rise from 11.5 per cent to 12 per cent. Richard Webb, CPA superannuation lead, said the increase could make a substantial difference to retirement savings over time. “For a young person on $60,000 a year,...

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