From alvarezandmarsal.com: Governments in Thailand, Vietnam, and Malaysia are implementing stricter checks on origin certificates for exporters to ensure compliance with US Customs regulations.
Businesses are advised to review their export processes to avoid penalties for incorrect origin claims, which could result in denied entry or increased duties.… read more
From pwc.com.au: The 2025-26 Northern Territory Budget prioritises safety, security, and law and order, while also focusing on health, infrastructure, and cost-of-living measures.
Despite a projected deficit of $265 million, the government anticipates increased GST, taxation, and royalty revenues, with a return to surplus expected by 2027-28.… read more
From smsmagazine.com.au: Financial advisers should remind clients with account-based pensions to report any decrease in their pension balances to Centrelink, as this could increase their age pension entitlements.… read more
From www.accountingtoday.com: AI is set to transform the role of junior accountants, as traditional low-complexity tasks become automated, making it necessary to rethink how accounting firms train and develop these professionals.… read more
From www.salea.com.au: Voluntary administration allows insolvent companies to pause trading and reassess their financial position while an external administrator takes control.
Employee entitlements may be affected during this process, with ongoing employees receiving payment for services provided afterward, but unpaid wages from before the administration might not be covered immediately.… read more
From www.aicd.com.au: Australia’s federal election has given a strong mandate for climate policy under the Albanese government, with established 2030 and 2050 emissions targets fostering a focus on long-term climate strategies.… read more
From www.claytonutz.com: Queensland’s proposed Planning (Social Impact and Community Benefit) and Other Legislation Amendment Bill 2025 mandates that large-scale solar and wind farm developments conduct a social impact assessment and enter into a community benefit agreement as part of their development applications.… read more
From www.claytonutz.com: The Victorian Court of Appeal ruled that contamination notices issued by Alphington Development Pty Ltd were valid despite some errors in consultant reports, leading to a remittance for cost calculation methods back to the trial division.… read more
From www.blakeoliver.com: [US context; Podcast] Blake Oliver discusses the pervasive dishonesty in the accounting profession on the “Ambition, Aligned” podcast, addressing issues such as time theft, burnout, and inflated revenue recognition.… read more
From www.blakeoliver.com: [US context; Podcast] Most buyers in firm acquisitions overinvest in the purchase process while underinvesting in the critical integration phase.
A comprehensive 100-day integration plan should begin during due diligence, focusing on retaining key employees, effectively communicating changes, and deciding between integration approaches.… read more
From johnjeffreystax.com.au: Practical Compliance Guideline 2021/4 (PCG 2021/4) from the ATO outlines how profits in professional services firms should be allocated, particularly scrutinizing arrangements where individual professional practitioners receive disproportionately low profits.… read more
From insightfulaccountant.com: [US context] The IRS has reported that its enforcement sweeps targeting high-income nonfilers have been effective in securing tax returns and collecting revenue, particularly between fiscal years 2021-2022.… read more
From accounting.show: [US context; podcast] This episode discusses the consolidation trend in accounting software that enables firms to reduce their technology stack while enhancing client service.… read more
From www.smsfadviser.com: Accurate asset valuations are essential for compliant SMSF management, ensuring that members understand their retirement savings and maintaining regulatory compliance.
The ATO mandates that all assets be valued at market value as of 30 June each year, and trustees are responsible for these valuations, although professional assistance may be required in certain situations.… read more
From legalvision.com.au: Warranties in M&A transactions are contractual assurances from the seller about the business’s condition, allowing the buyer to claim damages for breaches.
Indemnities, on the other hand, promise reimbursement for specific losses without requiring proof of breach or mitigation, emphasizing the need for clear distinctions between the two in agreements.… read more