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Xero goes all in on AI with accounting chatbot launch The software company plans to double its turnover through a “simple” strategy that involves bolstering tech offerings for small businesses. ...
Retail spending flattens as consumers curb spending, ABS data shows Australian retail spending for January fell below expectations and is unlikely to improve until interest rates drop, according to economists. ...
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‘Proportionate response’ needed on consulting firm inquiries, cautions IPA The government must avoid punishing hardworking accountants doing the right thing with its response to recent inquiries, the association warns. ...
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H&R Block outlines strategies ahead of 1 July tax cuts Defer income until the new financial year, but don't fall foul of anti-avoidance rules, says a tax expert. ...
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ATO issues ‘last warning’ on overdue TPARs The Tax Office will begin applying failure to lodge penalties for those with an overdue taxable payments annual report from 22 March. ...
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WGEA reveals pay gap data across major accounting firms, bodies While women earn less overall than men at the largest accounting firms, the size of pay gaps varied across the biggest four firms.  ...
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Government, industry clash over controversial ‘recycling tax’ Opponents of the proposed levy to fund waste export regulation say it will be bad for the environment and hurt local governments and consumers. ...
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CA ANZ pushes for advice law changes to address illegal super access Reforms around the type of advice tax agents can provide could help mitigate the issue of members illegally accessing their super, the association says. ...
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Business leaders look to technology to boost revenue in 2024 The majority of business leaders are optimistic about revenue growth this year and believe technology will play a key role in driving it, a recent survey reveals. ...
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IFPA calls for sweeping changes to Division 296 tax The institute is “deeply disappointed” that the proposed $3 million super balance tax has remained largely unchanged since it was introduced. ...
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Rein in ‘enormous’ big 4 partnerships, small firms urge CPA Australia and IPA agree that the cap of 1,000 partners should be cut to ensure greater regulation and scrutiny. ...
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Senators brand CA ANZ’s big 4 regulation an ‘absolute failure’ The accounting body has admitted the PwC partner responsible for the tax scandal falls outside of its by-laws during a Senate grilling.  ...
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‘Like a war zone’: Deloitte responds to claims about ‘dark and aggressive culture’ Deloitte has denied allegations about experiences of “extreme overwork and pressure” from former staff at the latest Senate Inquiry. ...
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Contribution caps set to increase from 1 July Recent wage rises mean the contribution caps for super will increase for the 2024–25 income year. ...
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‘No reason’ for gas industry’s generous anti-avoidance rules The federal government has been consulting on new legislation designed to correct the “asymmetry” of the gas industry’s tax avoidance rules.   ...
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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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