New reforms under the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (Cth) (AML CTF Act) are sweeping, both in nature and intent – aiming to sweep clean financial and…
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Direct tax compliance: the hidden audit
risk in your Excel worksheets
Your tax team has successfully made it through many lodgement cycles, all the while supported by Excel-based work sheets. And these documents still work, however this is exactly why the…
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Why advisory demand isn’t yet translating into stronger margins
Three-quarters of your clients want strategic advice, not just a tax return. Many practices are responding by expanding advisory services, but the data suggests fewer are pricing that work in…
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What three years of data reveal about
AI in corporate indirect tax
Key takeaways Ask an indirect tax professional whether they personally use AI, and most already say yes. 65 per cent now use publicly available GenAI tools like ChatGPT for work.…
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IFRS 18 is not a 2027 problem
For an Australian for-profit entity with a 30 June balance date, the first financial statements prepared under AASB 18 will cover the year ending 30 June 2028. That sounds comfortably…
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Country-by-country reporting is getting more public and more complicated — and the window to get ahead is closing
Country-by-country reporting (CbCR) has outgrown its compliance roots. With the EU’s public disclosure clock ticking and jurisdictions like Australia raising the bar on public tax transparency and jurisdiction level disclosure,…
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Manage risk effectively with optimised statutory financial reporting
Statutory financial reporting is the keystone of any compliance process. But, with ever-changing regulations, global political shifts, and an increased reliance on digital data, it can be complex and prone…
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AI in financial services: 5 insights from the TechFuture panel
Thomson Reuters livestreamed its TechFuture financial services webinar, with business leaders and experts weighing in on the power of artificial intelligence (AI) and data-driven technologies for transformational change. As the…
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Using On-demand Legal Documents: Aren’t They All The Same?
Not all trust, company and self-managed superannuation fund (SMSF) documents are identical. It is important to make sure that you use the correct documents for your legal situation, and ensure…
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What Accounting Clients Want Now: Successful Leaders Share Insights
A Cleardocs whitepaper reveals how leading accounting professionals have strengthened their client relationships despite the challenges of the past two years.
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