From www.taxinstitute.com.au: (Podcast) Unpacking the ATO’s increased scrutiny, common fundamental errors being made and the importance of proactive advice.
Learn about complying loans, the use of journal entries to make loan repayments, the Commissioner’s discretion to disregard a deemed dividend, and key tips for navigating Division 7A compliance.… read more
From www.internationalaffairs.org.au: Australia’s superannuation sector, with over AUD$4 trillion in assets, significantly invests overseas, including approximately AUD$400 billion in the US.
Recent global market volatility highlights risks associated with this international exposure, prompting calls for clearer government strategies to safeguard Australians’ retirement savings.… read more
From www.accountantsdaily.com.au: Small Australian retail businesses are experiencing a significant increase in insolvencies, with a reported 47.1% rise in appointments compared to the previous year, marking the highest annual number recorded.… read more
From www.accountantsdaily.com.au: CPA Australia advises businesses to seek guidance from accountants amidst uncertainties caused by recent changes in US tariffs.
The organization recommends nine key strategies to help businesses navigate these impacts, including conducting financial health checks and diversifying markets.… read more
From www.icaew.com: Accounting professionals can apply the materiality principle to integrate sustainability-related information into financial reports by expanding their perspective to include long-term impacts and risks.… read more
From www.icaew.com: (UK context) Haysmacintyre, now rebranded as HaysMac, underwent a transformation to better align its identity with its current culture and growth ambitions, targeting £100 million turnover by 2028.… read more
From www.smsfadviser.com: SMSF professionals are being urged to educate their clients about implementing robust security measures to protect their fund investments and personal data.
With significant asset value in SMSFs, the risk of cyberattacks is heightened, especially for vulnerable members, necessitating compliance with best practices like multi-factor authentication.… read more
From www.lawyersweekly.com.au: Brydens Lawyers in Sydney suffered a significant cyber attack in February, resulting in the theft of over 600 gigabytes of sensitive data, including client and staff information, as attackers sought financial extortion.… read more
From alvarezandmarsal.com: Trump’s “America First Investment Policy” and changes in international tax treaties are shifting tax policies, impacting areas like withholding taxes, permanent establishments, and individual income tax exemptions.… read more
From insightfulaccountant.com: Generative AI tools are enabling tax professionals to complete routine tasks up to 56% faster, yet many are not effectively reallocating this saved time.… read more
From insightfulaccountant.com: (Podcast, US context) Val Steed, Director of Accountants at Zoho, discusses the impact of artificial intelligence on the accounting profession.
AI tools like Zoho Zia enhance the role of accountants rather than replace them, and the importance of succession planning as many accountants retire.… read more
From pcllawyers.com.au: The importance of establishing strong business foundations and seeking early legal advice to avoid potential crises, such as bankruptcy.
It examines the emotional and financial impacts of bankruptcy on individuals, using a case example, and underscores the value of expert legal guidance in navigating complex insolvency laws and achieving optimal outcomes.… read more
From bdo.com.au: This guide provides a comprehensive roadmap for companies preparing for voluntary deregistration, outlining the requirements set by ASIC, the process to follow, and the post-deregistration procedures.… read more
From gtlaw.com.au: The April 2025 Corporate Advisory Update outlines recent regulatory updates from ACCC, ASIC and APRA, enforcement trends, court rulings and proposed legislative changes.… read more