Regulation

Be brave about advice reform, Canberra told

UPDATED: Accounting bodies welcomed the “bold recommendations” in the Quality of Advice Final Report yesterday and...

09 February 2023 • By Philip King

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Business

Bankruptcies ‘to triple if history repeats itself’

Personal insolvencies moved in lock-step with rate rises during previous crises and that points to a huge increase...

09 February 2023 • By Philip King

Business

Why your clients should be lodging a nil-FBT return

With FBT-season just around the corner, learn how to de-risk your clients, maximise FBT lodgement uptake and price...

08 February 2023 • By Change GPS

Regulation

Getting advice from accountants will be easier: QAR final report

But it finds no reason to exclude accountants from the regulatory framework.

08 February 2023 • By Philip King

Tax

How the Guardian case shines a light on reimbursement agreements

In a seminal decision about how s100A applies to trust distributions, the Federal Court rejected the ATO’s position.

08 February 2023 • By John Jeffreys

Regulation

ATO cracks down on international money moves into Australia

Taxpayers should plan carefully when bringing funds into the country to avoid suspicion, says tax specialist.

08 February 2023 • By Josh Needs

Technology

Specialist forum aims to help accountants get quick answers

Online site sets up a resource for tax professionals to connect with their peers and share expertise.

08 February 2023 • By Philip King

Business

RBA rate increase driven by high December CPI

UPDATED: Economists say the bank wants to see “sustained evidence of a cooling economy” before pressing pause.

08 February 2023 • By Josh Needs

Technology

KPMG acquires Adelaide SAP firm Think180

The agreement adds 30 people to the firm’s existing SAP team furthering its capabilities.

08 February 2023 • By Josh Needs

Tax

Where the Guardian appeal was won and lost

The court’s decision highlighted the differences between s100A and Part IVA.

08 February 2023 • By Jeremy Makowski

Business

RBA reveals first interest rate decision for the year

The Reserve Bank of Australia has announced its decision on the cash rate following a significant annual increase in...

07 February 2023 • By Josh Needs

Appointments

CA ANZ students now qualify for fee assistance scheme

The body’s graduate diploma courses have been recognised under the Fee-Help program, which subsidises study loans.

07 February 2023 • By Philip King

Regulation

Wesfarmers’ subsidiaries to back pay over $4.8m

Nine ancillary firms have entered into an enforceable undertaking after underpaying more than 3,400 employees.

07 February 2023 • By Josh Needs

Technology

Does ChatGPT have any of the answers for accounting?

Bot and AI systems should be exploited by practices to improve efficiency, say experts.

07 February 2023 • By Josh Needs

Business

Small business relying more heavily on accountants: Xero

Survey finds more practices support their clients with wide-ranging advice as a result of deeper ties forged during...

07 February 2023 • By Philip King

Tax

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

A sequence of documents will be required to avoid raising red flags with the ATO, says Change GPS.

07 February 2023 • By Philip King

Business

Better the devil you know for employees with recession fears

Economic uncertainty is causing staff to strive for promotion with their current employer rather than look elsewhere.

07 February 2023 • By Josh Needs

Appointments

Accountants ‘slowest’ to dip toes in offshore staff market

Unwarranted concerns about data security mean tax agents are missing a trick compared with other finance...

06 February 2023 • By Philip King