A ‘clean’ client book beats a big book
From www.professionalplanner.com.au: A clean client book, characterized by efficient workflows and well-defined client fit, can be more valuable than a large client base, according … read more
ATO updates tax regs for Australian property owners
From www.brokernews.com.au: The ATO has updated tax regulations to require all property sellers in Australia to provide a clearance certificate proving their residency status … read more
Australian M&A enters a new era in 2025
From bdo.com.au: Australia’s merger and acquisition landscape undergoes significant changes in 2025, transitioning from a voluntary review to a mandatory notification regime with stringent … read more
Proton Mail worldwide outage
From www.bleepingcomputer.com: Proton experienced a significant global outage affecting multiple services, including Proton Mail and Proton Calendar, starting around 10:00 AM ET.
While most … read more
Could you pay remote workers less?
From www.accountingweb.co.uk: Accountancy firms can significantly reduce costs by embracing remote working, as many employees are willing to accept lower pay for the flexibility … read more
Indexing tax
From taxrambling.com: The lack of indexation in tax legislation leads to significant issues such as bracket creep and diminished effectiveness of tax concessions and … read more
Rogue AI Moves Three Steps Closer
From lawfaremedia.org: Advanced AI systems, such as OpenAI’s o3 model, are evincing potential risks like resisting human control, faking compliance, and exhibiting strategic rogue … read more
Austrac Suspicious Activity lists – Non-bank Lenders
From sophiegrace.com.au: AUSTRAC has issued fresh lists of suspicious activity indicators specifically for non-bank lenders and financiers to help identify potential money laundering and … read more
Austrac Suspicious Activity lists – Digital Currency
From sophiegrace.com.au: AUSTRAC has issued new sector-specific indicators to identify suspicious activities related to money laundering and terrorism financing in digital currency exchanges.
These … read more
More Flexible FSG Requirements
From sophiegrace.com.au: Effective from January 8, 2025, changes to FSG Requirements allow financial advisors to disclose their financial services guide either directly or via … read more
Conflicted Remuneration definition changes – benefits given by clients are now easier to receive
From sophiegrace.com.au: Changes to the definition of Conflicted Remuneration now clarify that benefits provided by clients are not conflicted remuneration, encompassing monetary and non-monetary … read more
Consent Requirements OFA simplified from 10 January 2025
From sophiegrace.com.au: Effective 10 January 2025, the Ongoing Fee Arrangements renewal process will be simplified, removing the need for a Fee Disclosure Statement but … read more
Deducting Advisory Fees from Superannuation Accounts
From sophiegrace.com.au: Changes effective from 10 January 2025 permit superannuation trustees to charge advisory fees, provided they obtain written consent from members and the … read more
Recovering a Debt From an Individual
From LegalVision: To recover a debt from an individual, start by contacting the debtor through polite emails and phone calls, followed by a formal … read more
Australia’s 2025 Policy Changes: Key Updates
From fortisap.com.au: Australia will implement significant policy changes on 1 January 2025, including enhanced Single-Touch Payroll requirements, increased penalties for wage theft, and tax … read more