Ed. From www.smsfadviser.com: The recent Federal Court decision in the Merchant case emphasizes that SMSF advisers must be vigilant, as transactions that seem ordinary can still face ATO scrutiny if additional facts warrant concern.… read more
From cpaaustralia.com.au: High-growth small businesses in the Asia-Pacific region, as revealed by CPA Australia’s Asia-Pacific Small Business Survey 2024-25, thrive by focusing on e-commerce, continuous innovation, investing in technology, pursuing export markets, and seeking professional advice.… read more
From gtlaw.com.au: A parliamentary inquiry examines wholesale client tests under the Corporations Act 2001, focusing on financial thresholds and their implications for investor protection and market access.… read more
From gtlaw.com.au: The new climate-related disclosure regime mandates that large reporting entities prepare annual sustainability reports alongside financial reports starting from January 2025.
These reports must adhere to specific standards set by the AASB and AUASB, with guidance from ASIC, to enhance transparency on climate-related financial risks.… read more
From financialstandard.com.au: ASFA and EY have released guidance to help superannuation trustees comply with CPS 230, effective from July 1, 2025.
The guidance emphasises the importance of operational risk management and assurance from third-party service providers.… read more
From alvarezandmarsal.com: Tariffs can significantly affect various accounting and financial reporting areas, including inventory valuation, fixed asset values, and revenue recognition.
Companies may need to adjust their accounting methods and strategies to comply with regulations and manage risks associated with tariffs.… read more
From www.professionalplanner.com.au: Research from Morningstar reveals that financial advisers often irritate clients by failing to provide a breakdown of fees, taking too long to complete tasks, and using excessive jargon.… read more
From www.aumanufacturing.com.au: Perth-based Australian Winders transformed its business model from global maintenance and field services to manufacturing industrial motor coils due to the impacts of the COVID pandemic.… read more
From www.pitcher.com.au: Tax planning ahead of the 30 June 2025 year-end requires consideration of changes including non-deductibility of certain ATO interest expenses and implications for franking credits within discretionary trusts.… read more
From atlaswealth.com: The Australian government has reformed the indexation of HECS loans, reducing the rate from 7.1% to 3.2%, which allows students greater financial relief.… read more
From hallandwilcox.com.au: AUSTRAC released the second exposure draft of the Anti-Money Laundering and Counter-Terrorism Financing Rules 2025, which will overhaul Australia’s AML/CTF framework and affect existing and new reporting entities.… read more
From www.aicd.com.au: Directors must actively identify potential financial red flags in board papers and cannot solely rely on auditors for assurance regarding financial accuracy.
Key warning signs include frequent cash shortages, unexplained accounting changes, and sudden variances in financial metrics.… read more
From www.accountingweb.co.uk: [UK context] Accounting firms frequently conduct client satisfaction surveys, but there are concerns that clients may find this repetitive questioning annoying and that the data collected may be underutilised or misinterpreted.… read more
From jbsolicitors.com.au: In Australia, certain eligible individuals can access a deceased person’s Will, including beneficiaries and those who may claim against the estate.
To locate a Will, one can search online, contact the Supreme Court Probate Registry, or reach out to the executor or solicitor.… read more