The outcome of Australia’s federal election may have been a surprise to many, but the Liberal-National Coalition victory will result in fewer surprises in terms of tax and investment.
Australian opposition leader Bill Shorten has put healthcare, apprenticeships and tax cuts for lower-paid workers at the centre of his electoral pitch as the Australian Labor Party sought to outbid the federal government’s budget measures in its appeal to voters.
Treasurer Josh Frydenberg may not have thumped the desk about them on budget night, but there are a host of small and interesting items in the 2019 Budget papers.
The accounting profession faces greater regulatory responsibilities and costs with new anti-money laundering (AML) and counter terrorism financing legislation expected to pass federal parliament in 2019.
The CPA Australia pre-budget submission to Federal Treasury focuses on reducing regulatory burdens and encouraging investment innovation.
New technologies have the potential to take over much of the routine compliance work performed by accountants and auditors. How will that affect the accounting profession?
Artificial intelligence (AI) is being adopted so fast that its technical capabilities have outpaced construction of an ethical governance framework. That's changing as the implications of the AI revolution become clear.
The Australian Taxation Office’s campaign on work-related expenses has seen a jump in tax agents reported to the Tax Practitioners Board.
Communication and collaboration skills – the so-called “soft skills” – are becoming more important than technical skills when building successful accounting careers.
Artificial Intelligence (AI) in accounting will rapidly move from a tool for compliance and towards the delivery of advice, but will never replace a human accountant, the World Congress of Accountants (WCOA) heard.