From publicaccountant.com.au: US President Donald Trump’s newly imposed tariffs on imports from Canada and other nations create a volatile trading environment that could negatively impact Australian small businesses through higher costs and disrupted supply chains.… read more
From www.accountingtoday.com: (US context) The accounting profession faces a talent crisis as a significant portion of CPAs are nearing retirement, yet recent data shows a 12% increase in undergraduate accounting enrolments, approaching pre-pandemic levels.… read more
From sladen.com.au: The ATO has applied for special leave to appeal to the High Court regarding the Full Federal Court decision in FCT v Bendel, regarding the status of UPEs as loans.… read more
From www.aicd.com.au: The Australian Institute of Company Directors, in collaboration with CSIRO, released a 2025 climate change science snapshot to aid directors in strategic decision-making regarding climate risks.… read more
From financialnewswire.com.au: SMSF investors are encouraged to reevaluate their cash and equities allocations due to declining deposit interest rates and volatility in stock markets.
Cash investments have reached $161.4 billion, accounting for 16% of SMSF assets, while equities have also seen losses, with significant investments in shares totaling $277.6 billion or 27.2% of assets.… read more
From www.firstlinks.com.au: Recent discussions highlight the complexities surrounding the payment of death benefits from superannuation funds, as these benefits do not automatically form part of an individual’s estate and are instead determined by the fund’s trustee.… read more
From pcllawyers.com.au: Occupational health and safety violations carry heavy penalties, with corporations facing potential fines exceeding $1.7 million.
The importance of understanding workplace safety is discussed, the role of deterrence and legal representation, and the impact of WorkSafe investigations.… read more
From creditorwatch.com.au: Businesses face significant cash flow issues due to late payments, prompting 87% to modernise their systems by adopting automated collections.
Automation enhances cash flow by ensuring faster payments, lowering operational costs, providing better insights, reducing disputes, and increasing productivity.… read more
From www.journalofaccountancy.com: FASB has finalised its taxonomies for 2025, which include the GAAP Financial Reporting Taxonomy, the GAAP Employee Benefit Plan Taxonomy, and the SEC Reporting Taxonomy, among others.… read more
From www.holdingredlich.com: The 2023 Secure Jobs, Better Pay amendments to the Fair Work Act have increased the incidence of collective bargaining by 27%.
Employers planning to negotiate or remake enterprise agreements should develop a clear strategy, understand stakeholder interests, estimate the cost of union claims, and remain compliant with Fair Work requirements.… read more
From creditorwatch.com.au: CreditorWatch’s February Business Risk Index reveals that Australian businesses face significant pressures, with hospitality sector closures reaching a record high of 9.3% in the past year, driven by rising costs and reduced consumer spending.… read more
From www.claytonutz.com: Investors are increasingly adopting impact investing strategies that intentionally generate positive societal and environmental outcomes alongside financial returns, distinguishing them from traditional and ESG investing approaches.… read more
From www.abc.net.au: Administrators have taken control of 25 Genius Childcare centres due to the company’s financial difficulties, with workers alleging up to $7 million in unpaid superannuation.… read more
From alvarezandmarsal.com: The America First Investment Policy, introduced by the Trump administration in 2025, prioritizes U.S. production and investment while incorporating measures to secure economic and national security.… read more
From allens.com.au: Recent changes in foreign investment policy have been introduced, including a ban on foreign persons buying established dwellings, lower application fees for build-to-rent investments, and enhanced scrutiny of tax arrangements.… read more