A former director is facing up to 20 years’ imprisonment after pleading guilty to multiple dishonesty offences, ASIC says.
The business lobby has urged the government to avoid raising taxes and impose fiscal discipline in this budget to shore up Australia’s economy amid geopolitical turbulence.
Inflation is forecast to remain persistent in the coming months as rising petrol prices continue to move through the economy.
A global survey has indicated that the majority of Australian accounting and audit firms have already embedded or piloted AI into their strategies.
Speaking at a recent industry event, tax analysts have underscored the importance of having a coherent narrative alongside public tax disclosures.
The Tax Institute has expressed significant concern that, despite a major expansion in scope, the proposed reforms offer no transitional or grandfathering relief.
$161 billion in annual fragmentation tax is paid by Fortune 500 companies due to non-strategic AI implementations, according to Atlassian research.
The Institute of Public Accountants has called for tax reform in the budget, warning the government against relying too heavily on commodity windfalls.
Despite calls for the introduction of greater taxes on Australian resources in the upcoming budget, the prime minister has all but rejected the possibility.
Cost and time barriers remain key challenges for AI transformation, with many accounting firms expressing concerns about client information privacy and the reliability of these tools, according to Intuit QuickBooks research. ...
Annual CPI climbed to its highest level in over two years in March, and trimmed mean inflation remained above the RBA’s target range.
Labor’s Expenditure Review Committee is reportedly considering axing the 50 per cent CGT discount and returning to inflation indexing.
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