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Leading professionals recognised at Australian Accounting Awards 2024
Accountants, auditors, bookkeepers, and rising stars were among those declared winners at this year’s awards.
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Client-agent linking has stopped identity fraud: ATO
The Tax Office claims the process has been successful in stopping criminals from compromising agents’ client lists.
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ATO ‘hell bent’ on chasing down $34bn in small business debts
Insolvency professionals warn the Tax Office is using DPNs and legal action to take a “far more aggressive” recovery stance.
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Caseware Australia launches AI digital assistant
The new tech product utilises the power of AI to enhance workflows in the accounting and audit space.
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Ex-ABC general counsel to join BDO board as independent director
Connie Carnabuci will help evaluate governance structures amid heightened scrutiny of professional services firms.
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Ditch ‘error-prone’, insecure invoicing methods, says ASBFEO
Switching to e-invoicing cuts cyber risks and improves payment times, the small business ombudsman says.
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Government urged to fast-track visas for migrant accountants
Firms are struggling to hire enough local workers to meet demand caused by insolvencies and reporting requirements, accounting bodies say.
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Consumer pullback fuels record insolvency wave: CreditorWatch
The long-awaited cut in spending has arrived and is hitting energy, education and mining businesses the hardest.
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NSW to rebate payroll tax, waive debts in $189m GP bulk-billing push
The Australian-first initiative is expected to end the uncertainty for contractor doctors and make appointments cheaper for patients.
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RBA makes cash rate call for June
The Reserve Bank has handed down its latest interest rate decision following higher-than-expected inflation data.
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Dob-in provisions could apply ‘retrospectively’, warns IFPA
The TPB’s draft guidance does not rule out whether practitioners will be required to report offending actions that occurred before 1 July 2024, the association says.
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Small business to get bigger share of $75bn federal spending
The government has set more ambitious procurement targets that require SMEs to receive 25 per cent of all contracts under $1 billion.
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NSW seizes ‘low-hanging fruit’ with new land tax slugs
Property owners have become an easy target for state governments to raise revenue, but experts warn the measures will hurt tenants and distort the market.
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Annual tax agent registration fees introduced to boost oversight
Tax agents will now pay an annual fee of $273 from July instead of $704 every three years.
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Finalists unveiled for Australian Accounting Awards 2024
Almost 300 finalists are set to battle it out for the trophies at this year’s prestigious awards.
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Fear of failure, skills gap stifle aspiring business owners
The barriers come despite Australia being the “perfect breeding ground” for starting a business, according to a recent survey.
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Freight company wins small business CGT concession dispute
The dispute in the AAT turned on competing asset valuations by PKF and KordaMentha, on behalf of the ATO.
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KPMG consulting overhaul to claim 200 jobs, cut $80m in costs
The savings will be redirected to high-demand advisory work focusing on technology and AI.
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Grant Thornton promotes 4 to partner
The mid-year promotions take the firm’s partner count to 175, with 10 coming in the past year.
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William Buck to open doors in Canberra, eyeing government clients
The mid-tier firm will acquire accounting boutique Link Capital Partners effective 1 July.
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