Trends transforming accounting in 2025
From www.acuitymag.com: Seven key trends are set to transform the accounting profession in 2025, including increased automation, the demand for real-time accounting, and the … read more
Professional Practice
WA planner acquired by US insurance broker
From www.financialstandard.com.au: Arthur J. Gallagher & Co has acquired Western Australia-based Wealth Management Partners (WMP), specializing in retirement plan risk management.
The entire WMP … read more
Many accountants facing burnout
From www.accountantsdaily.com.au: An industry consultant warns that many accountants are facing burnout due to excessive workloads, with some working up to 70 hours a … read more
Big 4 Firms Fight Workload metrics
From www.goingconcern.com: The PCAOB’s new rule, PCAOB-2024-06, requires accounting firms to report detailed metrics regarding audit workloads, staffing, and training, prompting strong opposition from … read more
SOAs the ‘most inefficient’ aspect of advisers’ work
From www.ifa.com.au: Liberal MP Bert van Manen has introduced a private member’s bill aimed at streamlining the excessive paperwork and regulations surrounding statements of … read more
Accounting Firm Business Plan
From futurefirm.co: A solid accounting firm business plan helps avoid common pitfalls, such as taking on unsuitable clients and hiring the wrong team members. … read more
A ‘clean’ client book beats a big book
From www.professionalplanner.com.au: A clean client book, characterized by efficient workflows and well-defined client fit, can be more valuable than a large client base, according … read more
Could you pay remote workers less?
From www.accountingweb.co.uk: Accountancy firms can significantly reduce costs by embracing remote working, as many employees are willing to accept lower pay for the flexibility … read more
More Flexible FSG Requirements
From sophiegrace.com.au: Effective from January 8, 2025, changes to FSG Requirements allow financial advisors to disclose their financial services guide either directly or via … read more
Conflicted Remuneration definition changes – benefits given by clients are now easier to receive
From sophiegrace.com.au: Changes to the definition of Conflicted Remuneration now clarify that benefits provided by clients are not conflicted remuneration, encompassing monetary and non-monetary … read more
Consent Requirements OFA simplified from 10 January 2025
From sophiegrace.com.au: Effective 10 January 2025, the Ongoing Fee Arrangements renewal process will be simplified, removing the need for a Fee Disclosure Statement but … read more
AML/CTF reforms in Australia Q&A
From www.charteredaccountantsanz.com: Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) reforms, passed on December 10, 2024, will include nine professional services, such as assistance in … read more
CFO roles will expand and create more value in 2025
From www.accountingtoday.com: In 2025, CFOs will see their roles expand due to talent shortages, rising cybersecurity threats, and the increasing adoption of AI, which … read more
When’s the right time for pastures new?
From www.accountingweb.co.uk: Accountants should take the beginning of the year as an opportunity to reevaluate their career paths and consider whether it may be … read more
Future of Jobs Report 2025
Among the “Top Fastest Declining Jobs” listed in The Future of Jobs Report 2025 published by the World Economic Forum are Accounting, Bookkeeping and Payroll … read more