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 out on this insightful chat.
For more information, you can find qualified auditors and the auditor registration at CPA Australia’s website.
The INTHEBLACK website also features a number of insightful articles, including how auditors manage competing deadlines and auditing as a career aspiration.
You can also listen to an earlier With Interest episode on auditors from 2023, which focuses on the changing expectations of the profession.
For more career information on auditing and other professions, check out CPA Australia’s website.
And you can find a CPA at our custom portal on the CPA Australia website.
CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:
Search for them in your podcast platform.
You can email the podcast team at podcasts@cpaaustralia.com.au
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.
For more information, head to the ATO website for:
You can also read the quality of advice review final report on the Treasury website.
And you can find a CPA at our custom portal on the CPA Australia website.
CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:
Search for them in your podcast platform.
You can email the podcast team at podcasts@cpaaustralia.com.au
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, everyday benefits, you can attract top talent, boost employee satisfaction and at the same time strengthen your company culture.
Join us as we chat with a leading expert in the field, who shares her views and actionable strategies for transforming your rewards program into a powerful tool for employee cost-of-living relief.
Listen now.
For more useful information on today’s topic, Reward Gateway has produced a detailed e-book in PDF format called 15 benefits to truly make a difference.
Additionally, Reward Gateway has produced a workplace engagement index as well as a cost of living resource hub with reports, ebooks and webinar links.
CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:
Search for them in your podcast platform.
You can email the podcast team at podcasts@cpaaustralia.com.au
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 the International Ethics Standards Board for Accountants (IESBA). And she is Co-CEO, International Foundation for Ethics and Audit. In her role as IESBA Chair, she ensures that IESBA activities maintain a public interest focus, while developing high-quality ethics and independence standards.
Learn more about the International Ethics Standards Board for Accountants at their website.
You can also listen to other With Interest episodes on CPA Australia’s YouTube channel.
CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:
Search for them in your podcast platform.
Email the podcast team at podcasts@cpaaustralia.com.au
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 episode in the tax time 2024 series will help you deal with this growing problem. It empowers you with practical security measures to help safeguard your data from cyber criminals.
Tune in now to navigate tax season with confidence.
For more information related to this episode, these links will help you:
You can also call the ATO on 1800 008 540 to report if you think you have disclosed any personal information to a scammer.
Additionally, CPA Australia has tools and resources to help support you at tax time as well as cybersecurity resources and support.
The four-part Tax Time 2024 series is a special feature in June on the With Interest channel. You can listen to other episodes at the series page.
You can also listen to episodes in this series on CPA Australia’s YouTube channel.
CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:
Search for them in your podcast platform.
Email the podcast team at podcasts@cpaaustralia.com.au
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 radar.
If you’re a business owner or an accountant working for an SME, this tax time episode is a must-listen. Tune in now.
For added guidance related to this episode, these ATO links will help you:
Additionally, CPA Australia has tools and resources to help support you at tax time.
The four-part Tax Time 2024 series is a special feature in June on the With Interest channel. You can listen to other Tax Time 2024 episodes at the series page.
You can also listen to previous episodes in this series on CPA Australia’s YouTube channel.
CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:
Search for them in your podcast platform.
Email the podcast team at podcasts@cpaaustralia.com.au
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 at the basics – we'll also equip you with expert tips for accurately calculating your expenses and ensuring you have all the requisite documentation should the ATO require further information.
Consider this your roadmap to smooth sailing for your tax return expenses. Listen now.
The four-part Tax Time 2024 series is a special feature in June on the With Interest channel. You can listen to other Tax Time 2024 episodes at the series page.
You can also listen to previous episodes in this series on CPA Australia’s YouTube channel.
Additionally, CPA Australia has tools and resources to help support you ahead of tax time 2024.
For further information, the ATO offers guidance on keeping records, occupations, car expenses, tools, clothing, self-education and common deductions.
CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:
Search for them in your podcast platform.
Email the podcast team at podcasts@cpaaustralia.com.au
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 Australia
Guest: Rob Thomson, Assistant Commissioner at the Australian Taxation Office (ATO)
For information related to this episode, these ATO links will help in areas such as keeping records, occupations, investor’s toolkit, Medicare and private health insurance and the Super Health Check.
Additionally, CPA Australia has tools and resources to help support you ahead of tax time.
CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:
Search for them in your podcast platform.
Email the podcast team at podcasts@cpaaustralia.com.au
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 Queensland construction industry unnecessary red tape.
Additionally, there is information on nationally consistent fundraising principles for the charity sector which frees up debilitating red tape. CPA Australia was one of the peak bodies that supported this campaign.
CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:
Search for them in your podcast platform.
You can email the podcast team at podcasts@cpaaustralia.com.au
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 deeper insight is needed.
Listen to the full episode.
INTHEBLACK Out Loud is presented by CPA Australia.
CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:
Search for them in your podcast platform.
You can email the podcast team at podcasts@cpaaustralia.com.au
With Interest presents an episode from CPA Australia's INTHEBLACK podcast.
Unlock long-term career success by honing your communications skills.
In this episode you’ll discover why these abilities are crucial and how you can elevate your soft skills to give your accounting and finance career a lift. Tune in now.
Host: Jacqueline Blondell, Content Editor, CPA Australia
Guest: Professor Nick McGuigan FCPA teaches at Monash Business School. He teaches finance and accounting leaders about the value of communication and its growing role for the profession.
INTHEBLACK has insights on today’s topic, including how to communicate complex financial information.
For more thought leadership, Nick McGuigan co-wrote a paper on the subject of art, technology and accounting.
McGuigan has also written a paper on the development of integrative thinking and has been part of a mycelium and accounting project, which was subsequently reported on.
Additionally, there are examples of the way accounting is communicated at organisations such as TJ Accounting Consultants and Fox and Hare Financial Advice.
For added background, head to the creative accounting research project at Coventry University and the Accountability Institute.
You can also watch the Dating an Accountant project and read about how you measure love.
CPA Australia publishes three podcasts, providing commentary and thought leadership across business, finance, and accounting:
Search for them in your podcast platform.
You can email the podcast team at podcasts@cpaaustralia.com.au
With Interest presents an episode from CPA Australia's INTHEBLACK Out Loud podcast.
The stress and burnout that have permeated the working environment in recent years have increased the importance of empathy at work.
Empathy and authentic vulnerability have become vital in the workplace, and both are often regarded as key leadership traits.
Listen to the full episode.
INTHEBLACK Out Loud is presented by CPA Australia.
CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:
Search for them in your podcast platform.
You can email the podcast team at podcasts@cpaaustralia.com.au
With Interest presents an episode from CPA Australia's INTHEBLACK podcast.
Penetration testers hack into your company servers. Don’t worry – these are friends who can help your company stay safe from the dark web’s cyberthreats.
“Pen testers” do it to protect you from the real hackers out there trying to steal your data.
In this episode we meet a lead penetration tester. Learn what he does, how he does it and how you can improve your own organisation’s cyber security.
Host: Garreth Hanley, podcast producer, CPA Australia
Guests: Dan Weis, Practice Lead - Penetration Testing, Nexon Asia Pacific
CPA Australia has its own cyber security resources and support.
You can also check out the Australian Cyber Security Centre (ACSC), which has useful information for small and medium businesses.
If you've been hacked there is online support and you can phone 1300CYBER1
For global news and security events
For vendor security notification feeds
CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:
Search for them in your podcast platform.
You can email the podcast team at podcasts@cpaaustralia.com.au
Receiving communications from the Australian Taxation Office (ATO) can often be stressful for taxpayers and their advisers.
Nevertheless, being aware of what to anticipate and how to appropriately react can alleviate some of the anxiety.
As the deadline for submitting your tax return approaches (October 31), we’ve got you covered. This timely episode provides valuable insights and guidance on what’s essential.
Tune in now.
Host: Dr Jane Rennie, Head of Media and External Engagement, CPA Australia
Guest: Elinor Kasapidis, Head of Policy and Advocacy, CPA Australia
For more insights on today’s topic, CPA Australia has a tip sheet on responding to ATO enquiries. Additionally, the ATO has a taxpayer charter with further information.
CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance and accounting:
Search for them in your podcast platform.
You can email the podcast team at podcasts@cpaaustralia.com.au
Do you need to enhance your understanding of Australia's property market? Whether you’re a homeowner, investor, buyer or renter, this episode will provide you with valuable property insights.
Uncover expert perspectives from one of Australia's most respected economists by tuning in now.
Host: Dr Jane Rennie, Head of Media and External Relations, CPA Australia
Guest: Warren Hogan, Chief Economic Adviser at Judo Bank, Managing Director and Founder of EQ Economics, former chief economist of the ANZ Banking Group and a principal adviser to the Federal Treasury. Hogan also undertakes residential property research as an economic adviser to Halo Technologies.
For more on today’s topic, Hogan was a guest on With Interest earlier this year, offering expert insights on Australia’s property market.
CPA Australia publishes three podcasts, providing commentary and thought leadership across business, finance, and accounting:
Search for them in your podcast platform.
You can email the podcast team at podcasts@cpaaustralia.com.au
The ISSB's new reporting standards IFRS S1 and S2 are set to have a wide-ranging impact. If you’re a business, finance or accounting professional, these expert insights on the two new reporting changes will come in handy.
Tune in now to so you can better understand how these reporting changes might impact your business.
Hosts: Patrick Viljoen, Senior Manager ESG policy, CPA Australia and Ram Subramanian, Senior Manager, Reporting Policy, CPA Australia
Guest: Terence Jeyaretnam, Partner and APAC Leader of Ernst & Young Climate Change and Sustainability team based in Melbourne
For more information on today’s topic, CPA Australia has insights on sustainability reporting – IFRS S1 and S2 and the implications for Australian entities and their boards.
Additionally, in the light of climate-related risks becoming a major area of focus for organisations today, CPA Australia has a climate risk and audit of financial statements overview guide.
CPA Australia publishes three podcasts, providing commentary and thought leadership across business, finance, and accounting:
Search for them in your podcast platform.
You can email the podcast team at podcasts@cpaaustralia.com.au
There’s a crisis in Australia.
Construction companies are going into liquidation at a record rate, leaving home buyers, tradespeople, employees and the industry in shock.
CPA Australia’s insolvency expert shares advice and need-to-know insights.
Listen now.
Host: Jennifer Duke, External Affairs Lead, CPA Australia
Guest: Kristen Beadle, Manager Public Practice and SME, CPA Australia
And for more, CPA Australia has a guidance page on indicators of financial distress for SMEs.
CPA Australia publishes three podcasts, providing commentary and thought leadership across business, finance and accounting:
Search for them in your podcast platform.
You can email the podcast team at podcasts@cpaaustralia.com.au
Did you know the Reserve Bank of Australia (RBA) was last reviewed in 1981? That was the Campbell inquiry reporting to the then Fraser Government.
Much has changed since then.
Little wonder there’s great interest in this current review to be delivered to the Federal Government imminently, and which was triggered by the reporting of senior Sydney Morning Herald and The Age correspondent Shane Wright.
The respected correspondent joins Jennifer Duke, CPA Australia’s Walkley Award-winning former economics correspondent for the Sydney Morning Herald and The Age.
They discuss the potential impact of this review. In particularly, the origins of the RBA and the broader implications for the Central Bank of this review.
And with the RBA firmly in the spotlight for its aggressive cash rate rises since May 2022, there will be much focus on this review when it’s delivered to the Treasurer Jim Chalmers.
“The reserve bank has this fantastic graph,” Wright says in this episode, “showing its forecast for wages growth from about 2012 marked against reality. And never the twain shall meet.
“This is the Mary Celeste of forecasting.”
Listen now.
Host: Jennifer Duke, External Affairs Lead at CPA Australia
Guest: Shane Wright, Senior Economics correspondent with the Sydney Morning Herald and The Age
You can read Shane’s reporting on the origins of the Reserve Bank and the case for a review.
CPA Australia publishes three podcasts, providing commentary and thought leadership across business, finance and accounting:
Search for them in your podcast platform.
You can email the podcast team at podcasts@cpaaustralia.com.au
Audio of RBA Governor Philip Lowe: Source: Reserve Bank of Australia 2021
A new Asia-Pacific Small Business survey by CPA Australia was released this week.
And the survey has some surprise findings, despite the economic turbulence and COVID-19-related issues.
However, we’ve flagged issues with the government that we believe could harm our future growth.
Want key learnings from CPA Australia’s 14th annual Asia-Pacific small business survey?
We received responses from 4280 small businesses in:
In this episode, we chat with one of the report’s authors to deep dive into the findings.
Listen now.
Host: Dr. Jane Rennie, General Manager Media and Content, CPA Australia
Guest: Gavan Ord, Senior Manager Business Policy, CPA Australia
And after you’ve listened to the podcast, have a read of the CPA Australia’s Small Business Survey and vote in our LinkedIn poll.
There is also a media release on this podcast topic.
CPA Australia publishes three podcasts, providing commentary and thought leadership across business, finance and accounting:
Search for them in your podcast platform.
You can email the podcast team at podcasts@cpaaustralia.com.au
Retirement and financial wellbeing depends on ensuring all Australians can access appropriate, high-quality financial advice. Right? However, aspects of this sector haven’t worked as well as they could. Instead, consumers and advisers are grappling with high costs, a lack of trust and excessive documentation.
For these reasons, there has been a review (Michelle Levy’s Quality of Advice Review, otherwise known as the QAR).
The aim of the review is to improve the accessibility and affordability of quality financial advice. The recommendations were made public in February 2023.
To dive into the QAR are two CPA Australia experts who made submissions and worked closely with government and industry to help find some practical solutions.
Want to learn more? Listen right now.
Host: Jennifer Duke, External Affairs Lead at CPA Australia
Guests: Keddie Waller, Head of Public Practice and SME at CPA Australia, and Michael Davison, Senior Manager, Advocacy and Retirement Policy at CPA Australia
You can also have a look at CPA Australia’s Quality of Advice Review – Proposals for Reform.
For further information, CPA Australia has produced a Value of Advice research report which has some excellent insights.
CPA Australia publishes three podcasts, providing commentary and thought leadership across business, finance and accounting:
Search for them in your podcast platform.
You can email the podcast team at podcasts@cpaaustralia.com.au
In this special episode, we explain what this statement actually means. And why a professional accounting organisation like ours is actively supporting reconciliation.
And we ask the tough questions, such as, is this an appropriate thing for businesses to be doing? And is there a risk that some will engage in so-called ‘social washing?
Providing perspective and insights on this important issue are two experts from CPA Australia.
Simone Spaulding, CPA Australia Senior Manager, Culture, Capability and Wellbeing, and Patrick Viljoen, CPA Australia Senior Manager Environmental, Social and Governance Policy.
Listen now.
Host: Dr Jane Rennie, General Manager Media and Content at CPA Australia
Guests:
Simone Spaulding, CPA Australia Senior Manager, Culture, Capability and Wellbeing
Patrick Viljoen, Senior Manager Environmental, Social and Governance Policy at CPA Australia.
CPA Australia publishes three podcasts, providing commentary and thought leadership across business, finance, and accounting:
Search for them on your podcast platform.
Email the podcast team at podcasts@cpaaustralia.com.au
You can also read CPA Australia’s response to the Uluru Statement from the Heart and Innovate Reconciliation Action Plan 2022-2024 on our website
Superannuation for many Australians is at risk of a 45 per cent penalty tax due to ATO rules around applying your own professional or trade skills to your personal life.
And who is at most risk of this super rule? Accountants, solicitors, real estate agents and tradies.
The current rules prohibit transactions with related parties at “mate’s rates” or no rate at all. Even mistakenly using a work laptop to complete a personal task could trigger a breach.
To examine this rule and offer CPA Australia’s view is Richard Webb, Policy Adviser for Superannuation and Financial Planning at CPA Australia.
Listen now.
Host: Jennifer Duke, External Affairs Lead at CPA Australia
Guest: Richard Webb, Policy Adviser for Superannuation and Financial Planning at CPA Australia CPA Australia publishes three podcasts, providing commentary and thought leadership across business, finance, and accounting:
Search for them in your podcast app.
Email the podcast team at podcasts@cpaaustralia.com.au
And you can read CPA Australia’s joint submission to Treasury on the non-arm’s length expense rules for superannuation funds.
For further reading, there is a media release by CPA Australia on this topic.
Today’s episode features special guest, ATO Assistant Commissioner Tim Loh.
He’ll be discussing the changes made by the ATO to working from home (WFH) deductions and what these revisions mean for you.
Listen now.
Host: Elinor Kasapidis, Senior Manager, Tax Policy, Policy & Advocacy at CPA Australia
Guest: Tim Loh, Australian Taxation Office (ATO) Assistant Commissioner
CPA Australia publishes three podcasts, providing commentary and thought leadership across business, finance, and accounting:
Search for them in your podcast app.
You can email the podcast team at podcasts@cpaaustralia.com.au
For further information on today’s podcast, the ATO’s media release outlines changes to working from home deductions.
Additionally, there is a practical compliance guideline from the ATO for additional running expenses while working from home.
And the ATO has a downloadable PDF poster which summarises working from home deductions.
You can also read about working from home expenses on the ATO’s website.
Also, the ATO’s Facebook, Twitter and LinkedIn accounts have content related to today’s episode.
Today’s episode examines new reporting requirements for electronic distribution platforms.
This is relevant to many Australians as an estimated 250,000 work in the online economy, otherwise known as the gig, sharing or barter economy.
And some of these changes from the Australian Tax Office (ATO) will start on 1 July 2023.
Explaining what you need to know is guest expert Elinor Kasapidis, senior manager of tax policy at CPA Australia.
Listen now.
Host: Dr. Jane Rennie, General Manager Media and Content, Marketing and Communications at CPA Australia
Guest: Elinor Kasapidis, Senior Manager of Tax Policy at CPA Australia.
CPA Australia publishes three podcasts, providing commentary and thought leadership across business, finance, and accounting:
Search for them in your podcast app.
Email the podcast team at podcasts@cpaaustralia.com.au
For more insights, CPA Australia has made a submission to the ATO on electronic distribution platform reporting.
And the ATO has useful information on the sharing economy reporting regime
Today’s episode looks at budget submissions made to the Federal Government.
Each year, hundreds of organisations make submissions to the Treasury. This includes CPA Australia, which has 44 recommendations.
Discussing the business issues underlying these requests is guest expert Gavan Ord, Senior Manager of Business Policy at CPA Australia.
Listen now.
Host: Dr. Jane Rennie, General Manager Media and Content, Marketing and Communications at CPA Australia
Guest: Gavan Ord, Senior Manager of Business Policy at CPA Australia
CPA Australia publishes three podcasts, providing commentary and thought leadership across business, finance, and accounting:
Search for them in your podcast app.
Email the podcast team at podcasts@cpaaustralia.com.au
And you can read CPA Australia’s 2023 budget submission to Treasury.