From financialnewswire.com.au: Accountants are facing increasing costs and regulatory pressures, prompting some to disengage from lower-value clients, according to Chartered Accountants ANZ’s submission to the Taxation Ombudsman.… read more
From www.professionalplanner.com.au: The Federal Court dismissed a class action against Count Financial, ruling that the subsidiary did not fail to act in the best interests of its clients.… read more
From www.accountingweb.co.uk: [UK context] Acting Office, a cloud accounting suite startup, aims to disrupt the upper mid-tier to large accounting firm software market by offering a comprehensive platform that integrates various accounting functions, from bookkeeping to tax returns.… read more
From www.myob.com: Practice management software is essential for accounting practices, helping to streamline processes, improve client engagement, and enhance team productivity.
Key factors to consider when selecting software include its capability to boost efficiency, support client relationships, and foster a positive work environment for teams.… read more
From www.aicd.com.au: AI can enhance efficiency in board meeting minute preparation, but significant risks regarding accuracy and confidentiality must be managed through appropriate governance procedures.… read more
From bdo.com.au: Lenders actively support the health industry by offering financing for commercial properties, practice acquisitions, and medical equipment.
Health professionals benefit from favourable personal finance options, including higher loan-to-value ratios and waived mortgage insurance.… read more
From insightfulaccountant.com: [US context; podcast] Debra Kilsheimer shares her unconventional journey in accounting, transitioning from traditional firm culture and selling Mary Kay to implementing flat-rate, value-based pricing at her firm, Behind the Scenes Financials Inc.… read more
From gtlaw.com.au: ASIC emphasises compliance and transparency in financial reporting for FY25-26, with a focus on audit practices and investment portfolios.
The Takeovers Panel addresses shareholder association concerns and delisting applications, while legal guidance on director resignation highlights key principles.… read more
From www.pwc.com.au: In a recent Tax Briefing, PwC experts discussed the integration of data and technology into tax functions, highlighting that 41% of tax professionals prioritize effective data usage before implementing new technologies like generative AI.… read more
From thefirm.media: Accountants and bookkeepers are experiencing widespread burnout, feeling undervalued and overwhelmed by a system that is detrimental to their wellbeing.
A poignant farewell post in a Facebook group sparked a wave of shared frustrations, highlighting systemic issues like unrealistic client expectations and a demanding work environment.… read more
From www.ifa.com.au: The Financial Advice Association of Australia, in collaboration with major accounting bodies, has released a comprehensive guide for financial advisers and accountants to help clients claim tax deductions on financial advice fees following updates to the ATO’s tax determination.… read more
From intheblack.cpaaustralia.com.au: Executive compensation raises ethical concerns, primarily influenced by John Rawls’ “difference principle,” which argues for a justified income inequality that benefits the worst-off, and Robert Nozick’s “entitlement theory,” which emphasizes voluntary transactions.… 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.accountantsdaily.com.au: A recent case highlighted the heightened expectations of trustee conduct for self-managed superannuation fund SMSF members, culminating in the disqualification of a director who made 117 illegal withdrawals from the fund.… read more
From www.blakeoliver.com: [US context] David Wurtzbacher, CEO of Ascend, challenges the typical private equity model in accounting by emphasising long-term growth, firm independence, and employee ownership.… read more