From www.accountingtoday.com: Builder.ai, an AI startup backed by Microsoft and the Qatar Investment Authority, has lowered its revenue estimates for the second half of 2024 by approximately 25% after concerns arose about inflated sales figures.… read more
From www.accountingtoday.com: Gen AI has the potential to significantly streamline compliance with the Sarbanes-Oxley Act (SOX) by automating tasks such as risk assessment, control testing, and reporting, thereby increasing efficiency across the SOX lifecycle.… read more
From www.accountantsdaily.com.au: (Podcast) Joe Kaleb, founder of Make Accounting Great Again, discusses his efforts to attract younger talent to the accounting profession in a recent podcast episode.… read more
From hallandwilcox.com.au: The ACCC has proposed a new exemption for real estate funds under its mandatory merger notification regime, allowing acquisitions for residential development or land leasing without notification.… read more
From williambuck.com: The 2025-2026 Federal Budget allocated $999 million to the ATO to enhance tax compliance activities, which could lead to increased audits for the R&D tax incentive affecting many Australian businesses.… read more
From www.pwc.com.au: PwC’s Monthly Tax Update for April 2025 provides insights on recent developments in corporate tax, employment tax, international tax, indirect tax, state taxes, and superannuation.… read more
From www.journalofaccountancy.com: (US context) Employee stock ownership plans (ESOPs) are gaining popularity among accounting firms, offering tax benefits and addressing challenges like succession and employee retention.… read more
From www.ifa.com.au: AFCA ombudsman Shail Singh attributed the rising costs of the CSLR scheme to flawed business models within the financial advice sector, particularly those leading to conflicted advice and an increase in consumer complaints.… read more
From futurefirm.co: (US context) A free template for creating a tax preparer job description is provided, emphasizing the importance of finding a candidate who aligns with the firm’s values while handling tax returns and ensuring compliance.… read more
From creditorwatch.com.au: The RBA has maintained the cash rate at 4.1% during its April meeting, aligning with market expectations and adhering to guidance from its February Board Meeting.… read more
From cpaaustralia.com.au: The Hays CFO Viewpoint report reveals an evolving CFO role towards becoming a ‘Chief Value Officer,’ emphasizing strategic leadership amidst challenges like cyber risk and inflation.… read more
From cpaaustralia.com.au: The global chocolate industry faces significant sustainability challenges, including child labour, climate change, and fair pay for farmers, with over 1.56 million children working illegally in cocoa production.… read more
From colemangreig.com.au: The Residential Tenancies Amendment Bill 2024, passed on October 24, 2024, introduces significant changes to the Residential Tenancies Act 2010 in New South Wales, including limiting rent increases to once annually, banning background check fees for applicants, and requiring landlords to provide reasons for terminating tenancies.… read more
From www.journalofaccountancy.com: The AGGREGATE function in Excel is a powerful tool that supports 19 different operations, allowing users to perform calculations while offering flexibility to ignore hidden rows and error values.… read more