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
Dutton commits to $30,000 small business write-offs
From www.smartcompany.com.au: Opposition leader Peter Dutton has announced plans to raise the instant asset write-off threshold to $30,000 permanently and to reverse significant changes … read more
New CDR rules and ASIC notices
From hallandwilcox.com.au: Recent proposed amendments to the Consumer Data Right Rules aim to expand data sharing obligations to non-bank lenders in Australia, raising the … read more
ASIC consults on relief for business introduction services
From asic.gov.au: ASIC is seeking feedback on the potential extension of relief under the ASIC Corporations (Business Introduction Services) Instrument 2022/805, which is set … 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
Pastor saw “dream” crypto project, indicted for fraud
From www.bleepingcomputer.com: Pastor Francier Obando Pinillo from Pasco, Washington, has been indicted on 26 counts of fraud for leading a cryptocurrency scam known as … read more
Basis-shifting transaction reporting addressed in final regs
From www.thetaxadviser.com: (US context) The IRS has issued final regulations identifying certain partnership related-party basis-shifting transactions as transactions of interest, which now face reportable … read more
Legacy pension opportunity
From www.smsfadviser.com: New legacy pension regulations, effective from December 7, 2024, will impact lifetime complying, life expectancy, and market-linked pensions, along with reserve accounts … read more
Deadlines for Victorian Property Owners in 2025
From pcllawyers.com.au: This information outlines key tax deadlines in 2025 for Victorian property owners, focusing on the Vacant Residential Land Tax (VRLT) and the … read more
How 2025 will set the scene for the next decade of tech advances
From blog.xero.com: As we approach 2025, significant technological advancements are anticipated, particularly in areas such as agentic AI, ambient computing, and blockchain technology.
Emerging … read more
Treasury hackers also breached US foreign investments review office
From www.bleepingcomputer.com: Silk Typhoon, a Chinese state-backed hacking group, has breached the U.S. Treasury Department’s Committee on Foreign Investment (CFIUS) systems, which reviews foreign … read more
ASIC responds to conflict of interest concerns
From www.ifa.com.au: ASIC has defended its approach to disclosing conflicts of interest following inquiries from independent senator David Pocock, stating that specific disclosures are … read more
£1,600 penalty for taxpayer with no tax liability
From www.accountingweb.co.uk: (UK context) Taxpayer Mohammad Muhsen Yaqoobi lost his appeal against a £1,600 late filing penalty for his 2020/21 self-assessment, claiming ignorance of … read more
Beyond the Hype: AI Pitfalls and Best Practices
From alvarezandmarsal.com: Navigating the complexities of AI integration, this examination delves into common pitfalls and offers best practices for enterprise organizations.
It underscores the … read more