From www.charteredaccountantsanz.com: Chartered Accountants Australia and New Zealand has launched its inaugural Australian small business profitability and risk benchmarks report for 2024, in collaboration with the University of Melbourne.… read more
Accountants can enhance client retention by demonstrating care through the “CARE” framework, which emphasizes credibility, appearance, reliability, and empathy – from bookmarklee.co.uk.
Building strong relationships is crucial, as many clients leave without expressing dissatisfaction; thus, showing genuine concern for their needs and preferences significantly influences loyalty.… read more
From www.accountantsdaily.com.au: The ATO is intensifying its compliance efforts regarding unpaid GST, particularly through the issuance of DPNs.
Key areas of focus include property transactions, which are complex and require careful classification for GST purposes, and GST registration requirements that may necessitate retrospective actions.… read more
From piperalderman.com.au: The Supreme Court of Victoria has ruled that Bitcoin qualifies as property under common law, marking a first for Australian higher courts.
Justice Attiwill determined that Bitcoin meets the four criteria for property as per the Ainsworth test, allowing it to be identified, controlled, and held with a degree of permanence.… read more
From www.investmentlawwatch.com: Australian Financial Services licensees are increasingly adopting artificial intelligence but often neglect their existing regulatory obligations, raising concerns about consumer risks.
The Australian Securities and Investments Commission (ASIC) published REP 798, which emphasizes that current regulations apply to AI systems and outlines best practices for compliance and risk management.… read more
From justicefamilylawyers.com.au: Capital Gains Tax in Australia applies to the profits from selling or disposing of assets like property, with tax obligations arising when an asset is sold for more than its purchase price.… read more
From www.bartier.com.au: New South Wales medical centres can now access a payroll tax exemption and rebate for wages paid to GPs engaged as independent contractors, following the introduction of amendments to the Payroll Tax Act 2007.… read more
Reported at corrs.com.au: A landmark interpretation of section 563B of the Corporations Act 2001 regarding creditors’ entitlement to interest on admitted claims by a liquidator came to light in the Park, Re Queensland Nickel Pty Ltd case.… read more
From insightfulaccountant.com: Referrals are crucial for increasing a firm’s prospect pipeline and can be more valuable than traditional marketing methods.
To boost referrals, firms should provide exceptional service, actively ask for referrals, network consistently, and follow up judiciously.… read more
From au.andersen.com: The November 2024 Monthly Tax Update from Andersen Australia outlines recent legislative changes, including the increase in the penalty unit value for Commonwealth criminal offences and the introduction of the Mergers and Acquisitions Reform Bill 2024 to enhance merger control.… read more
From morningstar.com.au: Cognitive decline, peaking in financial decision-making capacity around age 53 and investment skills around age 70, can indeed pose a risk to your retirement, with dementia-related conditions exacerbating the risk.… read more
From jws.com.au: ASX-listed junior mining companies are increasingly using scrip as a form of consideration for mergers and acquisitions due to significant price drops in lithium and related commodities, coupled with tight capital markets.… read more
From jmalegal.com.au: When shares in a private company with landholdings are cancelled, the shareholder who remains may incur a liability for landholder duty if their ownership interest increases as a result.… read more