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Quality of Advice Review: Final Government response releasedThe Government has issued its final response to the Quality of Advice review report. The Quality of Advice review report, prepared by Michelle Levy and released on 8 February 2023, included 22 recommendations aimed at making financia ...
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The term "blockchain" refers to the way data is structured into "blocks" of information, and each new block is linked to the previous one, forming a continuous chain of blocks. Blockchain technology is a decentralized and distributed ledger technology that records transactions across multiple comput ...
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As we move towards 2024, the accounting industry is expected to undergo significant transformations that will redefine the way professionals work. In this blog post, we'll discuss the top five accounting trends that will shape the industry, providing new opportunities and challenges for accountants. ...
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Bookkeeping
Tax deductions:A tax deduction is a way to reduce the amount of income that is subject to tax. It is an expense that can be deducted from the income to lower the tax liability.Tax deductions can include Work related expense, Charitable donations and mortgage expenses.It can either be itemized ...
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Financial institutions operate in a complex and dynamic environment where a wide range of hazards are constantly present and could compromise their stability and profitability. Effective risk management strategies must be implemented if their long-term success and stakeholders' interests are to be p ...
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SMSFs investing in propertyIf you're considering buying property using your Self-Managed Super Fund (SMSF) it's important you understand the rules relating to SMSFs and property.Firstly, the property can only be used for providing retirement benefits to the SMSF members otherwise it will brea ...
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Is accounting for Construction business different?Yes, the accounting is different for construction business due to the below reasons.1. Payroll:Payroll processing for construction business is little difficult as compared to other payrolls. The subcontractors will be the construction w ...
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Business Services
The integration of non-financial data into financial reports is important for stakeholders as it enables comprehensive decision-making, facilitates risk assessment, evaluates ESG performance, promotes accountability and transparency, and ensures regulatory compliance.Comprehensive Decision-making ...
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The Transfer Balance Cap (TBC), initiated on 1st July 2017, was introduced with the aim of restricting the amount individuals can transfer into retirement phase pensions. When first introduced, the General TBC was set to $1.6 Million.  However, the General Transfer Balance Cap (TBC) was subsequen ...
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Financial derivatives are now an essential component of contemporary financial markets, helping companies of all sizes manage risk and increase returns. These complicated financial instruments give organizations a flexible toolkit to manage the intricacies of the financial landscape. They get their ...
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