Ed. From www.accountantsdaily.com.au: Businesses should avoid promoting “accidental leaders,” who are employees advanced to leadership positions without adequate training and support, as this can lead to issues like stress, burnout, and low morale among teams.… read more
From www.holdingredlich.com: Recent High Court rulings in Australia have shifted the legal framework for employee classification from a multifactorial test to a focus on contractual terms, affecting superannuation obligations.… read more
From www.theguardian.com: Experts argue that the criticism of Labor’s proposal to impose a 15% tax on earnings from superannuation balances over $3 million is excessive and risks hindering necessary reforms for a more equitable system.… read more
From www.bleepingcomputer.com: ChatGPT’s Deep Research feature now allows users to integrate their Box and Dropbox accounts, enabling the AI to access and analyse documents stored in these services for research purposes.… read more
From www.accountantsdaily.com.au: Tax specialist Michael Carruthers warns that issues related to family trust elections and family trust distribution tax are becoming more complex, due to increased scrutiny from the ATO and inadequate record keeping among tax professionals.… read more
From www.goingconcern.com: [US context] Ninety-seven percent of accounting firms report inefficiencies in their technology usage, contradicting their marketing claims about digital capabilities.
Deloitte is cutting bonuses and hiring as profits decline, while EY is embroiled in a £2.7 billion legal battle regarding fraud allegations related to the collapse of NMC.… read more
From www.accountingweb.co.uk: [UK context] A growing number of accountants in the UK are launching environmental, social, and governance (ESG) services to meet increasing client demand, driven by both regulatory requirements and the recognition of ESG as a competitive advantage.… read more
From financialstandard.com.au: Debate over the $3 million super tax is overshadowing the critical challenges faced by low-income earners, especially regarding the Low-Income Super Tax Offset (LISTO) which lacks necessary updates.… read more
From allens.com.au: Businesses are urged to enhance their human rights commitments amidst growing regulatory trends, including mandatory due diligence consultations and increased scrutiny on ESG disclosures.… read more
From australiainstitute.org.au: Government changes to superannuation tax concessions have been exaggerated, affecting only the wealthiest.
Most Australians will not amass over $3 million in superannuation, making fears largely unfounded.… read more
From thenewdaily.com.au: Social media claims misrepresent the Albanese government’s proposal, suggesting all unrealised gains will be taxed, while it only targets superannuation balances over $3 million.… read more
From jbsolicitors.com.au: Beneficiaries have the right to access a copy of a Will, but they typically receive it after the executor administers the estate.
They can inquire about the existence and validity of a Will through the executor or a solicitor.… read more
From bdo.com.au: Automotive industry stakeholders are anticipating the potential removal of the Luxury Car Tax (LCT), which could lower luxury vehicle prices and increase dealer sales.… read more
From au.andersen.com: Jaclyn Symes MP delivered the first Victorian State Budget as the state’s first female Treasurer on 20 May 2025, focusing on cost-of-living relief, healthcare, and essential services.… read more
From piperalderman.com.au: The ATO may face a $600 million Bitcoin refund bill if a recent legal case determines Bitcoin is classified as money rather than property, challenging five years of existing tax rulings.… read more