Burnt out, underpaid, undervalued
From thefirm.media: Accountants and bookkeepers are experiencing widespread burnout, feeling undervalued and overwhelmed by a system that is detrimental to their wellbeing.
A poignant farewell post in a Facebook group sparked a wave of shared frustrations, highlighting systemic issues like unrealistic client expectations and a demanding work environment.… read more
The ultimate EOFY superannuation checklist for 2025
From morningstar.com.au: This checklist provides guidance on managing superannuation before the end of the financial year in 2025.
It covers strategies for contributions, tax implications, fund management, compliance, asset management, and insurance considerations.… read more
Advocating for good tax governance
From www.accountingtimes.com.au: EY tax advisors have highlighted the challenges Australian branches of multinational companies face in advocating for good tax governance, particularly to offshore stakeholders unfamiliar with the ATO’s expectations.… read more
Workplace Watch – 26 May 2025: new Minister, prosecution concerning a workplace fatality,…
From www.khq.com.au: The Federal Government has appointed Amanda Rishworth as the new Minister for Employment and Workplace Relations, succeeding Murray Watt.
Recent updates include Safe Work Australia’s report highlighting safety concerns in the nursing sector and a notable NT Supreme Court ruling reaffirming a company’s convictions for a workplace fatality.… read more
Unfair Contract Terms (Uct) – Building And Infrastructure
From mdl.com.au: The updated Unfair Contract Terms (UCT) laws now prohibit unfair terms in standard form contracts, particularly affecting small businesses in the construction and infrastructure sectors.… read more
FAAA and accounting advice deductibility guidance
From www.ifa.com.au: The Financial Advice Association of Australia, in collaboration with major accounting bodies, has released a comprehensive guide for financial advisers and accountants to help clients claim tax deductions on financial advice fees following updates to the ATO’s tax determination.… read more
The ethics of executive compensation
From intheblack.cpaaustralia.com.au: Executive compensation raises ethical concerns, primarily influenced by John Rawls’ “difference principle,” which argues for a justified income inequality that benefits the worst-off, and Robert Nozick’s “entitlement theory,” which emphasizes voluntary transactions.… read more
Stay interviews: conversation that could save your team
From www.aigroup.com.au: Stay interviews are proactive, structured conversations between managers and employees designed to explore what keeps employees engaged and what might drive them away.… read more
Downsizer contribution still one of best
From www.smsfadviser.com: The downsizer contribution allows individuals over 55 to add significant funds to their superannuation without affecting their total superannuation balance by contributing up to $300,000 from the sale of their main residence.… read more
Chalmers unmoved but indexation possible
From financialnewswire.com.au: The Greens may influence the Government’s decision on indexing the $3 million superannuation tax concession policy since they advocate for both lowering the threshold to $2 million and indexation to prevent bracket creep.… read more
Businesses must avoid promoting ‘accidental leaders’
From www.accountantsdaily.com.au: Businesses should avoid promoting “accidental leaders,” who are employees advanced to leadership positions without adequate training and support, as this can lead to issues like stress, burnout, and low morale among teams.… read more
Tax ruling confirms employee super classification
From www.holdingredlich.com: Recent High Court rulings in Australia have shifted the legal framework for employee classification from a multifactorial test to a focus on contractual terms, affecting superannuation obligations.… read more
‘Hysterical’ criticism of super tax could thwart needed reform
From www.theguardian.com: Experts argue that the criticism of Labor’s proposal to impose a 15% tax on earnings from superannuation balances over $3 million is excessive and risks hindering necessary reforms for a more equitable system.… read more