From michaelwest.com.au: The RBA is expected to start cutting interest rates in February, with market projections indicating several rate cuts throughout 2025.
Analysts predict at least three cuts of 25 basis points this year, potentially bringing the cash rate down to around 3.6% by year-end.… read more
From asic.gov.au: ASIC has issued an open letter to superannuation trustees, urging them to enhance their anti-scam practices to protect members from sophisticated scam tactics.… read more
From www.icaew.com: (Podcast) In this episode of Behind the Numbers, we discuss continuous learning around technology and artificial intelligence.
For accountants, getting the most out of fast-evolving technologies involves more than simply training people how to use them.… read more
From financialnewswire.com.au: Research from the Super Members Council reveals that approximately 700,000 retirees in Australia are unnecessarily overpaying taxes on their superannuation, averaging an additional $650 annually, by leaving their funds in accumulation accounts.… read more
From www.themandarin.com.au: KordaMentha has established a new defence and national security practice by hiring two prominent partners from KPMG.
This strategic move comes amid a period of scrutiny on the Big Four consultancies and a federal ban on rehiring former Defence staffers.… read more
From www.cnbc.com: Kurt Gray, a social psychology professor, argues that relying on facts to persuade those who disagree is a common misconception.
Instead, successful influence involves understanding the other’s motivations, validating them, and sharing personal connections.… read more
From www.investmentlawwatch.com: ASIC has increased scrutiny on AFS licensees, exemplified by its acceptance of a court enforceable undertaking from Private Wealth Pty Ltd for failing to supervise its numerous corporate and authorised representatives properly.… read more
From www.accountingweb.co.uk: (UK context) Byrd + Link, winners of the 2024 Accounting Excellence Small Firm of the Year Award, specialized in statutory audits to distinguish themselves in a competitive market, experiencing a 64% growth by targeting smaller accounting firms lacking audit resources.… read more
From www.accountingtoday.com: Future accountants must be adept at data visualization and analytics, transforming complex financial information into meaningful narratives that drive strategic decisions.
Traditional accounting education needs to evolve, incorporating courses that teach the interpretation and communication of financial data, alongside maintaining foundational principles like GAAP.… read more
From alvarezandmarsal.com: (US context) As the 2024 financial reporting season nears, organizations must assess recent developments impacting income tax accounting under ASC 740 and IAS 12.… read more
From alvarezandmarsal.com: DORA Compliance, applicable from 2025, aims to enhance operational resilience of financial institutions against technology failures and cyberattacks by setting standardized ICT risk management requirements.… read more
From alvarezandmarsal.com: Chief Justice of New South Wales issues guidelines on the use of General AI (Gen AI) in legal contexts, focusing on the integration of AI in expert reports.… read more
From www.smsfadviser.com: The general transfer balance cap will increase from $1.9 million to $2 million starting 1 July, as confirmed by the latest Consumer Price Index data from the Australian Bureau of Statistics.… read more
From futurefirm.co: Tax firms can attract more clients by implementing strategies such as optimizing local SEO, encouraging Google reviews, and offering three-tiered pricing for services.… read more