Where are we now with AI assurance?
From www.icaew.com: (UK context) The UK artificial intelligence assurance market is rapidly expanding, with approximately 524 firms currently providing AI assurance services, generating over … read more
Month: March 2025 AWST
ACCC 2025-26 Compliance and Enforcement Priorities
From www.klgates.com: The Australian Competition and Consumer Commission has announced its compliance and enforcement priorities for 2025-2026, emphasising the need to address cost of … read more
Bendel case has implications for SMSFs
From www.smsfadviser.com: The case of *Commissioner of Taxation v Bendel* has implications for SMSFs with investments in pre-1999 unit trusts, particularly regarding the definition … read more
Enduring Powers of Attorney in NSW
From colemangreig.com.au: A national survey by the Australian Human Rights Commission revealed that 87% of Australians have not established an Enduring Power of Attorney, … read more
Platform providers push for alternative assets
From www.ifa.com.au: Platforms are rapidly expanding their investment offerings to include private markets, responding to a growing interest in alternative assets from high-net-worth clients. … read more
FAAA calls for changes to insolvency laws amid CSLR failures
From financialnewswire.com.au: The Financial Advice Association of Australia calls for reforms to insolvency laws to enhance recovery prospects and hold responsible parties accountable amid … read more
Commissioner of Taxation v Bendel: what we know so far
From www.taxinstitute.com.au: The Full Federal Court found that an unpaid present entitlement (UPE) owed to a corporate beneficiary is not classified as a loan … read more
Donald Trump Celebrates Corporate Transparency changes
From www.newsweek.com: President Donald Trump praised the Treasury Department’s decision to halt enforcement of penalties related to the Corporate Transparency Act, which aims to … read more
Practice Update – March 2025
From www.lowelippmann.com.au: Taxpayers employing staff must adhere to key deadlines for various obligations in 2025, including filing and paying Fringe Benefits Tax (FBT) by … read more
Bulk Billing and Payroll Tax Liability for Practices in Victoria
From avant.org.au: Recent changes in Victoria’s Payroll Tax Act now exempt general practice medical businesses from payroll tax liability for bulk billed or fully … read more
Australia’s secret weapon in fighting new tariffs
From smallcaps.com.au: Australia has developed strategies to cope with potential new US tariffs on aluminium and steel, drawing on lessons from previous Chinese trade … read more
ACCC Compliance priorities for 2025-2026
From www.klgates.com: The Australian Competition and Consumer Commission has outlined its Compliance and Enforcement priorities for 2025-2026, focusing on consumer protection in the retail … read more
Audit profession must address its appeal to SMEs
From www.accountingweb.co.uk: (UK context) Julia Penny emphasises the need for the audit profession to enhance its appeal to SMEs due to rising concerns about … read more
Construction outlook
From thefifthestate.com.au: The construction market in Victoria is facing challenges primarily due to a private sector reluctance to engage fully in planning and development … read more
Succession planning: is employee ownership the answer?
From www.icaew.com: (UK context; podcast) Experts discuss the suitability of employee ownership trusts for accountancy practices amid challenges in succession planning and growing interest … read more