With the Australian Taxation Office (ATO) increasing its compliance activities to reduce what it has identified as an $8.7 billion gap between what it has collected from individual taxpayers and what it should have collected, it may be tempting to consider any old tax audit insurance product. Here’s what accountants should know about junk insurance.
A recent unfair dismissal case has reinforced the rules around employees running side hustles while holding down a full-time job.
Practitioners performing the role of a virtual CFO are not only widening their client base and growing revenue but riding a wave of increasing demand.
Leading economist, Reserve Bank of Australia board member and now dean of one of Australia's most prestigious business schools, Professor Ian Harper has plans to bring academia and business closer.
Australian accountants lagging in their various tax obligations are being put on notice.
As access to bank funding has become harder to obtain, more alternative lenders have emerged from the shadows. These lenders (or shadow banks) are not regulated to the same degree as traditional banks. Could some be a disaster in waiting?
A lively panel discussion at CPA Congress Melbourne on the future of financial reporting explored how a rapidly-changing business environment heavily influenced by technology –from cloud computing to cryptocurrencies – is driving the need to keep accounting standards relevant.
Transforming organisations should actively involve all stakeholders in the journey, ATO deputy commissioner James O’Halloran tells CPA Congress in Melbourne. And that includes clients.
Financial misconduct has been widely exposed after a series of bombshells, causing many to question the ethics of big institutions. Can IR (integrated reporting) restore trust?
Attracting and retaining the best accounting talent is often a challenge for small- to medium-sized practices (SMPs), and in the current jobs environment it has become even more difficult. Here’s what accounting practices need to know.