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BDO appoints digital and technology partner
Nick Kervin has rejoined BDO as an expert adviser on cyber security, privacy and digital transformation.
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GST fraud to see ‘grittier, slower’ GST registrations, ATO Commissioner warns
System changes made off the back off the GST refund fraud scheme may result in a more difficult GST registration process, says Chris Jordan.
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ATO mulls options with on-hold tax debts
The Tax Office is considering potential alternatives to pursuing billions of dollars in ‘petty’ tax debts including a request for reprieve from the government.
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PwC scandal goes deeper than a few bad apples, academic says
Regulators and advisers need more diversity of thought, and taxation is more than a cost to be minimised, a lecturer has said.
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Xero spotlights carbon accounting in new partnership with Sumday
The integration will help advisers and businesses prepare carbon accounting reports to an “audit-ready standard”.
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FY24 to be the biggest white-collar slowdown since COVID: Deloitte
Businesses are pulling back from hiring as the labour market turns, with employment growth forecast to slump to 0.9 per cent next year.
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Accountants top list of most in-demand jobs
Rounding out the top three were IT project managers and office support professionals, according to recruitment agency Hays.
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Data privacy the main hurdle to the national skills passport, expert says
A skills passport could alleviate accountant shortages, but only if users are willing to part with their data.
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Everett assignments ‘dropping like flies’ as ATO cracks down
While the big end of town has copped the brunt of the ATO’s enforcement efforts on the income-splitting arrangements, smaller firms are not immune.
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PKF Australia adds 3 principals to its Sydney team, promotes 8 others
PKF Australia has promoted 11 employees across its Sydney and Newcastle teams, including three new Sydney-based audit and assurance principals.
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‘Standout’ local result propels Mazars to double-digit growth
The Australian operation was boosted by a surge in demand for sustainability services and consulting, the firm says.
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BGL plumbs AI into its accounting and SMSF software
Technology similar to that in ChatGPT allows users to generate financial analysis including commentary and trends, the firm says.
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CBA hit with record $10m fine for knowingly underpaying staff
Justice Bromwich of the Federal Court said the penalty amount will serve as a warning to financial companies with inadequate compliance systems.
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ATO taking R&D tax claims more seriously, expert says
A major funding boost for the research and development tax incentive scheme means greater oversight of participating businesses, according to HLB Mann Judd.
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Xero lands preferred supplier agreement with Mazars
The deal “harnesses” the cloud accounting software's offerings with the firm’s sprawling network of advisers in over 100 countries.
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Employer audits to surge, ATO warns
The ATO is clamping down on accounting errors with employment taxes and nudging employers to shift their SG compliance closer to real-time.
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1 in 5 small business owners cut own pay to survive: MYOB
Higher interest rates plus increased prices for fuel and utilities mean revenue is down for 38 per cent of SMEs, the software supplier found.
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ACCC to prioritise complaints from business and consumer groups
New legislation will require the ACCC to respond to ‘systemic or significant’ complaints from designated consumer and business groups.
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Rising unemployment a taste of what is to come, economist says
Unemployment reached a two-year high in January, says the ABS. Economists diverge on whether there is cause for concern.
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Slipstream adds financial services exec to coaching roster
Darren Smith joins the Brisbane-based boutique to help “foster growth” of accounting firms.
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