hiring young directors can benefit a business
From www.acuitymag.com: Including young directors on boards offers deeper insights into the needs of younger generations and challenges established assumptions.
Young directors bring valuable … read more
Professional Practice
Fake accountant lodged 3,300 returns, fined $1.8 million
From www.msn.com: A Sydney man has been fined $1.8 million by Australia’s Federal Court for illegally preparing and lodging 3,300 tax returns over four … read more
Tax Practitioners Face New Landscape as IRS Cuts Staff
From insightfulaccountant.com: (US context) Tax practitioners are facing operational challenges as the IRS plans to cut probationary employees during a busy tax season while … read more
Cloud backups are critical
From www.accountingtoday.com: Cloud backup strategies are crucial for accounting firms, as reliance solely on cloud providers for data protection can lead to vulnerabilities.
Firms … read more
What CISOs need from the board
From www.aicd.com.au: As cyber threats increase, boards demand greater accountability from Chief Information Security Officers (CISOs), who must effectively engage with them to enhance … read more
Accounts Receivable Automation: The Complete Guide
From futurefirm.co: AR automation streamlines the process of sending invoices, following up on payments, and managing collections, significantly reducing manual work and improving cash … read more
Responsible investing with Gen AI
From www.fssuper.com.au: Generative artificial intelligence (Gen AI) represents a transformative advancement following previous technology waves, aiming to responsibly deploy its capabilities across various industries. … read more
BAS update: 9 essential steps for a productive 2025
From publicaccountant.com.au: Accountants and BAS agents are encouraged to implement nine essential housekeeping tasks for a productive 2025, which includes reviewing financials, updating websites, … read more
Thousands of workers in IRS small business division to lose jobs
From www.journalofaccountancy.com: (US context) More than 3,500 employees from the IRS Small Business/Self-Employed division will lose their jobs this week, as confirmed by an … read more
Millennials driving SMSF establishments
From financialnewswire.com.au: Self-managed superannuation funds make up over 25% of Australia’s superannuation industry, with Millennials and Generation X driving new fund establishments, accounting for … read more
Review Recommends No Increases to Wholesale Client Test
From www.investmentlawwatch.com: The Parliamentary Joint Committee on Corporations and Financial Services in Australia has released a report stating that there should be no increases … read more
Tribunal rules against tax agent in PAYG withholding case
From www.accountantsdaily.com.au: The Administrative Review Tribunal of Australia upheld the ATO’s penalties against a tax agent for failing to fulfill PAYG withholding obligations.
The … read more
Forecasting remains a necessity for CFOs
From www.accountingweb.co.uk: Bradley Channer, CFO at UBIO, emphasises the critical importance of forecasting for finance leaders in navigating the unpredictable economic landscape, comparing it … read more
ASIC proposes sensible changes to breach reporting
From financialnewswire.com.au: ASIC has proposed changes to the breach reporting regime to relieve financial services licensees from reporting minor breaches that have been rectified … read more
Beyond the balance sheet: Priorities for CFOs in 2025
From www.accountingtoday.com: CFOs are expected to shift towards a more strategic role in finance as they link financial metrics with overall business operations in … read more