From www.icaew.com: (UK context) The UK accountancy industry is undergoing significant changes due to structural economic shifts and technological advancements, attracting private equity (PE) investment as firms seek to modernise and consolidate.… read more
From www.icaew.com: Effective prompt writing for generative AI significantly enhances the quality of its outputs by focusing on five essential elements: the task, the persona, the context, the examples, and the format.… read more
From www.icaew.com: (UK context) Graham Barrow, a fraud expert, presented methods to analyze Companies House data for signs of fraudulent registrations during an ICAEW event on International Anti-Corruption Day.… read more
From johnmenadue.com: Australians have substantial superannuation balances, but major reforms are needed to ensure these funds are effectively used to provide adequate retirement incomes instead of becoming a transfer of wealth to heirs.… read more
TaxVibe podcast published by The Tax Institute, where we peel back the layers of the Australian tax world.… read more
From www.professionalplanner.com.au: A Queensland boutique legal firm faced a ruling from the Fair Work Commission regarding unfair dismissal after engaging and terminating independent contractor Joanna Pascua, who argued she was effectively an employee despite working abroad.… read more
From asic.gov.au: ASIC has identified key issues for 2025 that impact the safety and integrity of Australia’s financial system, including changes in public and private market dynamics, increased consumer fraud and scams, and regulatory challenges in superannuation and financial advice.… read more
From www.goingconcern.com: (US context) In response to the Supreme Court’s ruling that ended affirmative action, PwC received a cease and desist letter from America First Legal demanding the firm stop racial preferences in hiring and internship programs.… read more
From www.investmentlawwatch.com: On January 23, 2025, President Trump signed an executive order aimed at reforming the digital asset regulatory landscape, promoting responsible growth in cryptocurrencies and stablecoins.… read more
From ministers.treasury.gov.au: Jim Chalmers highlights the positive impact of Labor’s tax cuts a year after their implementation, stating that 14 million taxpayers have benefited and 84% will receive larger cuts compared to previous proposals.… read more
From www.accountantsdaily.com.au: Tax and BAS agents must report significant breaches of the Code of Professional Conduct under the Tax Agent Services Act effective July 1, 2024, but the term “material loss” remains undefined, leading to ambiguity.… read more
From www.pwc.com.au: The ATO has announced changes to the local file short form requirements for multinational groups operating in Australia, effective from 1 January 2025.… read more
From www.aigroup.com.au: Employers are losing potential candidates and damaging their reputation by failing to communicate effectively during the recruitment process.
Candidates commonly express disappointment over a lack of communication regarding their application status and receiving unclear rejections.… read more
From piperalderman.com.au: Celsius has begun serving clawback actions to Australian customers, targeting those who withdrew funds prior to the company’s bankruptcy in July 2022.
The SEC announced the formation of a new crypto task force to develop a clearer regulatory framework for crypto assets, emphasizing collaboration with industry participants.… read more