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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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ATO mulls delaying GST refunds to weed out bogus claims
Commissioner Chris Jordan has told Senate estimates that tight turnaround times hamper the Tax Office’s ability to prevent fraud.
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Consumer spending bounces back after troubling year-end
Retail is to thank for January’s recovery in consumer spending, says NAB.
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AI, pay rates and work flexibility top issues for profession
A huge global survey highlights a handful of concerns as key to the future for the tax sector.
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ATO defends ‘strong’ GST fraud controls against ANAO criticism
The Tax Office says it is equipped to respond to fraud despite a critical report released by the national audit office on Tuesday.
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Tax Institute pushes for greater transparency on unregistered entities
Unregistered entities found to be in breach of the TASA should be included on the Tax Practitioners Board Register, says the Tax Institute.
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