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.abc.net.au: Healthscope, Australia’s second-largest private hospital operator, collapsed after struggling with massive debt and financial mismanagement following its acquisition by Brookfield in 2019.
The company defaulted on rental payments and faced criticism for introducing controversial fees for patients, leading to conflicts with health insurers.… read more
From www.theguardian.com: Arnold Bloch Leibler law firm plans to challenge a 50-year-old legal precedent that prevents parents from claiming childcare fees as a tax deduction in Australia.… read more
From www.pitcher.com.au: Fund managers must prioritize tax compliance and investor reporting as the 30 June deadline approaches, particularly in light of increased scrutiny from the ATO.… 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 www.aicd.com.au: High-performing boards often struggle with refreshing their organisational strategy, particularly when traditional assumptions are challenged.
A clear sense of purpose is essential for guiding strategy and aligning the organization, requiring directors to evaluate and redefine this purpose regularly.… read more
From www.investmentlawwatch.com: [US context] Two investors have filed a class action lawsuit against a major asset management firm, alleging that its use of third-party tracking tools, including Meta Pixel and Google Analytics, violates anti-wiretapping laws due to lack of user consent.… read more
From www.dbalawyers.com.au: The Federal Court case Lynn v Australian Financial Complaints Authority involved a dispute over the allocation of superannuation death benefits following the death of Richard Lynn, who had a non-binding death benefit nomination in place for his estranged wife and children.… read more
From www.bantacs.com.au: Body corporate fees related to strata units used for income generation are generally tax deductible, while special purpose levies may complicate tax claims depending on whether they represent repairs or improvements.… read more
From cgw.com.au: Superannuation death benefits can be directed to spouses, children, and financial dependents, while siblings may only receive them if financially dependent or through the estate.… read more
From newsport.com.au: Police have arrested 18 individuals in North Queensland for their involvement in a $2 million tax fraud scheme, which involved creating fake businesses to fraudulently claim GST refunds.… 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 millsoakley.com.au: Australian Courts are addressing the use of generative AI in legal proceedings, with the New South Wales Supreme Court prohibiting its use for certain materials and the Federal Court adopting a cautious approach.… 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