Big changes are coming to financial reporting, and it’s essential to stay informed. In this episode, unpack the transition from IAS 1 to IFRS 18, a shift that will significantly impact financial reporting over the coming years. Join two expert guests as they explore what this new standard means for organisations of all sizes. They’ll break down the key differences between IFRS 18, which replaces IAS 1, discuss how this change will affect financial transparency, weigh the associated costs...

Explore the transformative impact of AI and emerging technologies on organisations as we dive into the key findings of the CPA Australia 2024 Business Technology Survey. Learn from a leading technology and finance expert who shares her invaluable insights into how digital transformation can elevate your operations. Discover the benefits, navigate potential risks, and learn best practices for harnessing technology to boost efficiency, productivity and sustainable growth. Tune in now, and...

Curious about the latest mergers and acquisitions trends in Australia? Dive into why dealmakers are feeling confident despite a slowdown in overall activity for 2023.  Unpack the reasons behind this cautious optimism and explore what's driving M&A trends across different deal sizes – small cap, mid-market and large cap. You’ll also discover how the Australian M&A market stacks up against the rest of the world, learn the industries for consolidation and the opportunities in the...

Explore critical findings from CPA Australia’s 2024 small business survey, focusing on cyber security challenges and best practices. Join our expert cybersecurity guest, who provides insights on common mistakes, the impact of AI on security, balancing cyber security with technology initiatives, strategies for resource-constrained SMEs and emerging threats. Learn actionable takeaways and practical advice that you can implement right away. Whether you're a small business owner or an IT...

Natcha Lertanuntrakul is a dedicated auditor with a passion for the profession. And as the 22-year-old explains, it’s not just about number crunching. Auditing is a varied role that includes client visits, people skills and offering valuable insights for businesses. In celebration of Auditor Proud Day 2024 - which recognises the crucial role auditors play in upholding strong corporate governance and supporting businesses around the world - she shares her journey and experiences. Don’t miss...

Keeping pace with industrial regulations is crucial for Australian businesses - and we’ve seen a raft of law changes in recent times. This episode looks at the latest developments in Australian Industrial Relations (IR) law and their potential impact on employers and employees. Deep dive into the practical implications for employers and employees of fixed-term contracts, the right to disconnect, the revised definitions of employee, employer and casual work and more. Stay on top of the...

Ever wondered who advises the Australian government on tax policy from a business and tax community perspective? If so, you’re in the right place: this episode delves into the role Australia’s Board of Taxation plays. We’re joined by the board’s Secretary and Tax Counsel, who explains how this important non-statutory advisory body helps improve the design and operation of tax policy. Discover the board’s origins, its charter, members, key focus areas, notable recommendations, current...

It’s that time of year again: SMSF reporting season is upon those managing their own superannuation. Staying updated on the latest changes is crucial, whether you’re overseeing it yourself or working with a fund. To guide you through the latest in super, CPA Australia’s superannuation expert helps break down what you need to know. From SMSF reporting season to insights on NALI, indexation and changes to rules and caps, stay on top of your super by tuning in today. Host: Aidan Ormond,...

This week’s show is a special presentation from CPA Australia’s leadership, strategy and business podcast, INTHEBLACK. The cost-of-living crisis is hitting employees hard. Pay rises, tax relief and bonuses can only do so much. But what if there was a way to support your staff and boost your business without harming the bottom line? In this episode, we dive deep into how reimagining company rewards programs can tackle the cost-of-living squeeze. By shifting the focus to practical,...

Discover the latest from the International Ethics Standards Board for Accountants (IESBA) including its strategic roadmap for 2024-2027. Explore key focus areas shaping the future of ethical conduct in accounting, and dive into its updated five-part code of ethics for sustainability. Tune in for insights on IESBA’s vision and its impact on the profession’s ethical landscape. Host: Ram Subramanian, Interim Head of Policy and Advocacy, CPA Australia Guest: Gabriela Figueiredo Dias, Chair of...

Tax time tends to attract the attention of those nasty scammers - but don’t worry. This episode has specialist advice and strategies to help you safeguard your sensitive information. Outlined are the dubious tactics that scammers use, such as ATO-branded email scams, text messages and other ways to trick you to reveal sensitive data. For professionals in the tax industry, we also shed light on the threats posed by cyber criminals targeting your company and clients’ tax data. The final...

Division 7A remains a stumbling block for many small business owners when it comes to tax compliance. In this episode, we take a deep dive into Div 7A to ensure you're fully equipped with the knowledge you need, from understanding how this integrity measure operates to pinpointing where it applies and steering clear of potential pitfalls. As we gear up for tax time 2024, we also outline the crucial deadlines pertaining to Div 7A that tax advisers and their clients need to have on their...

Navigating work-related expenses can be a challenge. Little wonder the ATO says it’s one of the biggest areas for errors at tax return time. That’s why today’s episode will help you demystify the rules for claiming work-related expenses in 2024. This comprehensive episode covers everything from the importance of diligent record-keeping to the intricacies of claiming home office expenditures, travel and car costs, specialised equipment and educational expenses. But we're not just stopping...

From rental property repairs to capital allowances, record-keeping, and navigating the Medicare levy, we’ve got you covered at tax time. Gain insights on the ATO's debt collection approach along with practical tips on lodgement advice, working-from-home calculations, and effective record-keeping. Learn what’s new and what the ATO will focus on to help prepare you for the upcoming tax season. Tune in now. Host: Gavan Ord, Business Investment and International Lead, Policy and Advocacy, CPA...

In this in-depth discussion, CPA Australia leaders share their perspectives and explore ideas around ways that we can achieve reconciliation together. They outline why an organisation like CPA Australia is involved in this issue and explain the relevance of reconciliation to accountants and finance professionals. Listen now.  Host: Adrienne Biscontin, external affairs adviser, policy and advocacy, CPA Australia Guests: Dale Pinto FCPA, CPA Australia president and chair and John Curtin...

Join CPA Australia's expert policy team as we dive into Treasurer Jim Chalmers' announcements from last night's Budget unveiling. Learn what these measures could mean for accountants, business owners and finance professionals, and explore the broader implications for the Australian economy. Uncover valuable insights with this comprehensive breakdown of Budget 2024. Host: Simon Downes, external affairs lead, policy and advocacy, CPA Australia Guests: Gavan Ord, business investment and...

Discover the ins and outs of the ATO’s CAL and find solutions to common problems met by businesses and tax agents. Join us as we unravel the complexities of the ATO’s client-to-agent linking process, also known as CAL. Our expert guest also answers questions sent by CPAs to help troubleshoot real-world issues users have met with CAL. Listen now for your ultimate CAL explainer. Host: Gavan Ord, business investment and international lead, policy and advocacy, CPA Australia Guest: Hannah...

New tax requirements are on the horizon for not-for-profits, and approximately 150,000 NFPs will have to lodge a tax return.  Learn how these new requirements will affect NFPs and why the ATO implemented the changes.  Tune in now to stay informed.  Host: Ram Subramanian, Interim Head of Policy and Advocacy, CPA Australia Guest: Nunzio Giunta FCPA, the Managing Partner and Founder of Giuntabell, a specialist not-for-profit accounting firm. He is also the chair of the CPA Australia...

The world of financial reporting, auditing, assurance and tax advice seems far away from a subject like climate change. But the challenge of sustainability reporting, and the requirements that will fall on the accounting profession, are getting closer and closer.  This podcast will deliver insights on the changes set to happen in sustainability reporting obligations. Delve into the expert analysis on how these measures could impact accountants, finance professionals and businesses alike.  ...

CPA Australia's 15th annual Asia-Pacific Small Business Survey reveals extensive data on small business challenges across the region.  This episode dissects the survey’s findings and delves into the issues faced by businesses in 11 diverse markets, including India, Malaysia, Singapore, Indonesia, Mainland China and Hong Kong.  With input from more than 4,200 business owners and senior managers from companies with less than 20 employees, the survey offers invaluable information for you and...

CPA Australia is helping to ease the excessive red tape burden on business by successfully advocating for more streamlined processes.  In this podcast you’ll learn how we’re facilitating a better navigation of regulatory requirements, especially in financial reporting. Listen now to find out more.  Host: Simon Downes, External Affairs Lead, CPA Australia Guest: Ram Subramanian, Interim Head of Policy and Advocacy, CPA Australia For more insights, read how CPA Australia saved the...

In 2024, Australia will see a raft of changes in superannuation. Staying up to date is vital.  Join CPA Australia's experts, who will help you navigate the evolving super landscape. Policy areas covered include the First Home Super Saver scheme, the Better Targeted Superannuation Concessions Bill, payday super and SMSFs.  You’ll also gain valuable knowledge on maximising your retirement savings. Don’t miss this episode.  Host: Simon Downes, External Affairs Lead, CPA Australia Guest:...

Gain valuable insights into the key business-related matters that the Government need to address in this year's Budget.  CPA Australia's business expert delves into this hot topic, analysing crucial areas such as tax, inflation, worker shortages, rising cost pressures and other pressing issues.  Don't miss out, listen now for expert business analysis and insights.  Host: Simon Downes, External Affairs Lead, CPA Australia Guest: Gavan Ord, Business Investment Policy Manager, CPA Australia ...

With Interest presents an episode from CPA Australia's INTHEBLACK Out Loud podcast. While learning a programming language was once the domain of IT specialists, today it starts in primary school. This is because programming unlocks the full power of computers to perform difficult tasks and answer complex queries. While accountants already take advantage of tools like Microsoft Excel, a simple programming language like Python helps to streamline workflows and improve data manipulation when...