From www.accountingtoday.com: Virtual cards offer a transformative solution for managing external purchases, providing enhanced security and control for accounting teams by enabling scenario-based purchasing.
These digital payment methods allow organizations to set specific spending limits and restrictions for external purchasers, thus improving compliance and reducing administrative overhead.… read more
From www.accountantsdaily.com.au: A recent court decision highlights the importance of obtaining written consent from directors prior to their appointment, as mandated by section 201D of the Corporations Act.… read more
From www.myob.com: Wholesale distribution in Australia and New Zealand faces challenges from rising operational costs, evolving customer demands, and productivity constraints.
To thrive in 2025, businesses must focus on efficiency through automation, enhance customer experiences with digital offerings, and leverage technology to improve workforce productivity.… read more
From www.aicd.com.au: A recent ASIC survey revealed that 44% of organizations poorly manage third-party risk, highlighting the need for boards to scrutinise their vendors’ cybersecurity measures.… read more
From financialnewswire.com.au: The Financial Advice Association of Australia has expressed concerns over the Australian Financial Complaints Authority’s authority to establish standards related to elder abuse in financial services.… read more
From www.bartier.com.au: Significant changes to the NSW Residential Tenancies Act 2010 will restrict landlords’ rights regarding residential tenancy agreements, focusing on three main areas: rent payments and increases, terminations, and pet ownership.… read more
From www.bartier.com.au: Recent amendments to the Work Health and Safety Act 2011 (NSW) have increased penalties for individuals and corporations failing to ensure a safe workplace in the high-risk construction industry, with Category 1 offences now carrying maximum penalties of up to $10.8 million for corporations.… read more
From financialnewswire.com.au: ASIC is suing Hollard Insurance for significant claims handling failures, alleging that the company breached its duty of utmost good faith regarding a home building and contents insurance claim made by a couple in Victoria.… read more
From pointonpartners.com.au: Various tax updates, including: A Victorian man received a 4-year prison sentence for fraudulently obtaining $2.4 million in GST refunds, part of the ATO’s Operation Protego targeting similar scams.… read more
From www.dbalawyers.com.au: DBA Lawyers has launched a new suite of legacy pension commutation documents that enable members to fully commute certain legacy pensions within the 5-year amnesty period from December 7, 2024, to December 6, 2029.… read more
From cpaaustralia.com.au: Business leaders prioritising productivity may inadvertently hinder innovation within their organisations, as focusing solely on output can lead to employee dissatisfaction and creativity constraints.… read more
From www.blakeoliver.com: (US context) Douglas Edelman, a 73-year-old defence contractor, allegedly evaded $350 million in taxes by falsely claiming his French wife owned his companies, thus avoiding U.S.… read more
From pbl.legal: The British Virgin Islands offer significant tax advantages for high net worth individuals by minimising direct taxes and focusing on indirect taxes.
BVI also ensures transparency through international tax information exchange agreements while maintaining confidentiality and compliance with global standards.… read more