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Fraud attacks on firms more than double as EOFY approaches
Customer data obtained from previous high-profile hacks such as Optus and Medibank are being used to drive the attacks, says payments platform Eftsure.
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Small businesses need big firms to lift their game
Only about a third of large firms pay small and family businesses within 30 days, says the ASBFEO.
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Now is the time for a business ‘health check’, says insolvency platform
Accountants and directors of entities must use the EOFY as an opportunity to review the previous year and prepare for the upcoming one.
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Anti-money laundering reforms may lead to ‘risk displacement’: CPA
Reforms to the Australian Money Laundering regime should be targeted at specific services and transactions rather than professional accountants only, according to three p...
KordaMentha strengthens its financial crime team
The appointment bolsters its capacity to act against money laundering and terrorism financing across Australia and New Zealand.
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Graduates place a good salary above workplace flexibility
While many are upbeat about their job propositions post-pandemic, those looking to become accountants have halved.
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Technical expert flags EOFY planning tips for super
A technical expert highlights some of the unique planning considerations for super for the end of the 2022–23 year.
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KPMG Australia announces 94 additional partners
The firm says the appointments support its diversity goal of 40 per cent of women in partnership by 2025.
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PKF appoints tax partner with 2 decades of experience
The firm said it is the first of several appointments with “other senior professionals from the big four to join over the coming months.”
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Unemployment rate fall sparks fresh cash rate increase concern
After Philip Lowe’s references to the low unemployment rate in his monetary policy statements, the likelihood of a July rate rise grows.
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Cryptocurrency space in desperate need of further tax guidance
Grey areas surrounding the tax treatment of cryptocurrency assets is causing major headaches for both accountants and taxpayers dealing with these types of assets, says a...
Accounting teams are understaffed and under pressure
Almost half of the accounting teams surveyed said they are currently short-handed in 2023.
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ATO reveals key changes for clients’ 2023 tax returns
The Tax Office is cautioning tax agents to be aware of the changes and their possible impact on clients’ returns.
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NSW government suspends PwC from tax-related contracts
The suspension will prevent the firm from obtaining any taxation engagements out of the government for three months.
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RSM outlines survival tips for inflation, rising interest rates
The accounting firm highlights a range of strategies for businesses navigating a “complex and uncertain economic environment”.
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Advisory firm reveals business resiliency index
The tool will assist in the identification and closing of gaps in a business, helping them improve in light of the returning insolvency rates, says the firm.
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Accounting industry’s ‘time to shine’ amid softening economy
The industry should lean into the move from transactional work to being more client-facing-focused as it needs to make itself “sexy again”, says accounting firm CEO.
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Phase 1 QAR reforms welcomed by sector
There has been widespread relief that the Quality of Advice Review response has so far been handed down in favour of advisers and super funds being given the green light ...
Cleaning company penalised almost $140k for staff underpayment
The Western Australian firm underpaid employees over $114,000 along with falsifying records.
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ATO widens its data-matching capacity
The expanded capabilities will now include information from property managers, landlord insurance and sharing economy providers.
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