Review investment strategy when starting a pension
From www.smsfadviser.com: When a member of an SMSF starts a pension, trustees must review the fund’s investment strategy to ensure sufficient cash flow for minimum pension payments.… read more
Six ways to earn CPD
From acuitymag.com: CA ANZ members must complete 120 CPD hours every three years to stay competitive and demonstrate lifelong learning.
Key areas for upskilling include AI and sustainability, with various learning formats like online courses and on-the-job training available.… read more
How to use generative AI in professional practice
From acuitymag.com: Tax professionals can gain a competitive edge by learning prompt engineering and using generative AI tools like ChatGPT and Microsoft Copilot.
Effective prompt framing and professional expertise are crucial for obtaining accurate AI responses and managing risks associated with privacy and security.… read more
How CPAs can combat deepfake fraud
From www.journalofaccountancy.com: Deepfake fraud poses a significant risk to finance professionals, exemplified by a real incident where a fake video call resulted in a $25.6 million scam at the firm Arup.… read more
Florida’s threat to CPAs’ licensure
From www.goingconcern.com: [US context] Florida’s legislative bill, HB 991, poses significant threats to CPA licensure by proposing the elimination of professional licensing boards, the removal of continuing professional education requirements, and a study of alternative pathways to licensure.… read more
Australian mid-market business review 2025
From kpmg.com: KPMG’s survey before the 2025 Federal Budget reveals mid-market business leaders are experiencing cautious optimism, with 40% expecting minimal growth and 21% predicting up to 10% growth, while facing challenges such as cost pressures (65%), regulatory hurdles (29%), and talent acquisition concerns (27%).… read more
Fringe Benefits Tax risk checklist
From bdo.com.au: A checklist aids in assessing risks related to work-from-home expenses, vehicle benefits, and entertainment provisions.
This can assist organisations to meet FBT compliance obligations and avoid penalties.… read more
Medibank’s claims of privilege face legal scrutiny
From www.tglaw.com.au: The Federal Court of Australia ruled that Medibank must disclose certain technical reports related to its 2022 data breach, impacting its claims of legal professional privilege.… read more
Super preservation is becoming a populist pariah
From www.professionalplanner.com.au: Jim Chalmers announced a plan to legislate an objective for superannuation, aiming to end the ongoing “super wars” in Australia.
Meanwhile, new populist parties like Clive Palmer’s Trumpet of Patriots and Pauline Hanson’s One Nation are advocating for more flexible super policies, challenging the traditional preservation of superannuation for retirement.… read more
How Myers-Briggs test helped CPA find the right job
From www.journalofaccountancy.com: Sarah Flischel, a CPA, transitioned from auditing to a director role focused on audit transformation, enabling her to discover her Myers-Briggs personality type as ENTJ, which highlights her strengths as a conceptualizer.… read more
Making sense of the election policies
From www.accountantsdaily.com.au: The 2025 Federal Election highlights key tax and superannuation policies proposed by the ALP and the Coalition.
ALP initiatives include a 20% reduction on student loans and a $1,000 instant tax deduction for work-related expenses, while the Coalition promises a one-off income tax offset of up to $1,200 and allows first home buyers to access superannuation for home deposits.… read more
The uphill battle to bridging the skills gap
From www.accountingweb.co.uk: Matthew Ord discusses the challenges of bridging the skills gap in the accounting profession, emphasizing the importance of finding the right talent rather than rushing to fill positions with unsuitable candidates.… read more
Marketing: The secret weapon for independent firms
From www.accountingweb.co.uk: Albert Goodman, an independent accounting firm, successfully enhanced its marketing strategy through a multi-media campaign titled “Accountancy that covers everything from A-G-Z,” resulting in a 32% increase in direct traffic and a 67% rise in client inquiries.… read more
Australian Expat Political Support: Labor vs Liberal 2025
From atlaswealth.com: As the 2025 Australian federal election approaches, the focus on political support for over one million Australians living overseas is heightened, highlighting issues like voting rights, taxation, and superannuation.… read more
FBT exemption for eligible electric vehicles
From hlb.com.au: Employers are exempt from paying FBT on eligible electric vehicles provided for private use to employees under specific conditions, including that the vehicle must be a zero or low emissions type and first used after July 1, 2022.… read more