One in five jobs will fundamentally change by 2030
From cet.aigroup.com.au: By 2030, 22% of jobs are expected to undergo fundamental changes due to technology, the green transition, and demographic shifts, necessitating significant … read more
Insolvency litigation and public examinations
From cathropartners.com.au: Discussion of insolvency litigation and public examinations, highlighting the complexities of insolvency proceedings.
Covering key topics such as voidable transactions, the funding … read more
Future of Jobs Report 2025
Among the “Top Fastest Declining Jobs” listed in The Future of Jobs Report 2025 published by the World Economic Forum are Accounting, Bookkeeping and Payroll … read more
Ban sticks for Tax Agent’s CPE lies
A tax agent has lost his bid to suspend a four-year ban imposed by the Tax Practitioners Board (TPB) for inflating his continuing professional education … read more
Surge in Breach reporting Enquiries
The Institute of Public Accountants reports a surge in inquiries regarding significant breach reporting obligations that require registered tax practitioners to notify the Tax Practitioners … read more
New AUSTRAC investigation and examination powers
From www.corrs.com.au: AUSTRAC will implement new investigative and information-gathering powers under the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 starting on 7 January … read more
New Privacy Laws: time to review your practices
From avant.org.au: New privacy laws have been enacted in Australia, introducing changes such as compliance notices, revisions to statutory torts, and disclosure requirements for … read more
What to do with your surplus cashflow
From prosolution.com.au: Surplus cashflow allocation for individuals facing the cost of living crisis requires careful consideration between debt repayment and investment.
Paying down non-deductible … read more
Big Boys Investing Into Accounting
From www.goingconcern.com: Blackstone has acquired a stake in Citrin Cooperman as part of a significant investment deal, following the firm’s earlier partnership with New … read more
Bench turmoil casts a long shadow over the accounting industry
From www.accountingweb.co.uk: The abrupt shutdown of online bookkeeping service Bench has raised concerns about data access and the risks associated with venture capital-backed accounting … read more
Breach reporting guidance
Reported by www.accountantsdaily.com.au: The Tax Practitioners Board recently issued guidance highlighting that tax practitioners must self-report significant breaches of the Code of Professional Conduct, … read more
Enhanced Disclosure of Ownership of Listed Entities
From piperalderman.com.au: On November 14, 2024, Treasury released an exposure draft of the Treasury Laws Amendment Bill 2024, which proposes significant amendments to the … read more
2025: ASIC Enforcement Priorities
From piperalderman.com.au: On November 14, 2024, the Australian Securities and Investment Commission (ASIC) announced its enforcement priorities for 2025, focusing on protecting consumers from … read more
Former PWC partner cleared
From www.themandarin.com.au: Former PwC tax partner Wayne Plummer announced he has been cleared of any wrongdoing in the PwC tax leak investigation by the … read more
IRS proposes banning contingency fees
From www.accountingtoday.com: The Treasury Department and the IRS have proposed significant amendments to Circular 230 that would ban contingency fees for tax return preparation … read more