From www.accountingweb.co.uk: Accountants face the challenge of delivering bad news, requiring clear, honest communication with empathy towards clients.
Many professionals highlight the importance of timely delivery and follow-up support, preferring direct conversations over emails to avoid misunderstandings.… read more
From www.accountingweb.co.uk: [UK context] Roseline Logistics Limited was held jointly and severally liable for over £1 million in import VAT for submitting customs declarations on behalf of another company, QPTL, which was not authorised to make those claims due to a cancelled VAT registration.… read more
From www.accountingtoday.com: Audit professionals are transitioning from traditional document management methods to a more data-driven approach that leverages artificial intelligence and knowledge graphs to enhance efficiency and accuracy.… read more
From www.accountantsdaily.com.au: Grant Thornton has advised small businesses in Australia to prepare for upcoming mandatory climate disclosure requirements that will indirectly affect them starting January 1, 2025.… read more
From www.aicd.com.au: Australia’s underlying inflation rate fell to 2.9% in the March quarter of 2025, marking the first sub-three percent result since late 2021, while headline inflation remained steady at 2.4%.… read more
From www.bartier.com.au: Deputy President Elizabeth Wood’s decision in Inner West Council v McQuade clarifies that the Commission can refer a matter for reconsideration under section 329 of the Workplace Injury Management and Workers Compensation Act 1998, even if it has been previously decided by a Medical Appeal Panel.… read more
From au.finance.yahoo.com: The ATO cautions about the need to declare certain disaster payments, like those from Cyclone Alfred, as they are taxable and affect assessable income.… read more
From pbl.legal: Foundations offer a modern approach to estate planning and wealth management, combining control and privacy as separate legal entities.
Setting up a foundation involves choosing a jurisdiction, drafting bylaws, and understanding tax implications, often requiring legal expertise.… read more
From corrs.com.au: The Full Federal Court clarified the criteria for determining whether director-related transactions are voidable, emphasising the necessity of a commercial justification.
In the case involving CEG Securities and the Runtong Mortgage, the Court overturned the initial ruling, acknowledging that transactions within cooperative groups may be reasonable.… read more
From pobilawyers.com.au: NCAT has clarified the criteria for removing strata committee members, requiring serious misconduct or a breach of the NSW SSMA for action.
Claims against committee members were dismissed due to insufficient evidence.… read more
From www.lawyersweekly.com.au: [podcast] Includes reflections on the implications of the high-profile PepsiCo proceedings in the High Court, challenges facing practitioners in this space, how different the climate may be for tax lawyers post-election, and how such practitioners are clamouring for change.… read more
From www.smsfadviser.com: Members with excess concessional contributions have two options: they can request the trustee to refund the excess contributions or allow them to remain in the fund, which may subsequently count towards their non-concessional cap.… read more