Posts Tagged "Future"
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Australia’s National Artificial Intelligence Centre Releases Guidance for Responsible AI Adoption
Posted on October 30th, 2025 by Georgie PriceThe Australian Government through its National Artificial Intelligence Centre (NAIC) has launched its latest Guidance for AI Adoption, a comprehensive framework designed to help Australian organisations adopt artificial intelligence responsibly and effectively. Released in October 2025, this guidance marks a significant step in aligning AI governance with both national ethics principles and international standards.
Why This Matters
AI is transforming industries, from finance and healthcare to education and government. While the benefits are clear—efficiency, innova… -
The Accountant Versus the ATO – High Court Case Could Reshape Tax Treatment of Trust Distributions
Posted on October 30th, 2025 by Paul LyonsIt’s not the next block buster movie but does have shades of the ‘Castle’ about it!
A long-running legal dispute between a suburban Melbourne accountant and the Australian Taxation Office (ATO) has reached the High Court, with potential significant implications for how trust distributions are taxed, particularly those involving corporate beneficiaries.
The case, involving accountant Steven Bendel, stems from amended tax assessments issued by the ATO for the 2014 to 2017 financial years. The assessments related to unpaid present entitlements (UPEs) from a trust to a c… -
Thinking of Selling?
Posted on August 5th, 2025 by Agnes GondekWritten by Agnes Gondek, Manager
You’ve worked hard to create a successful, profitable business and now you’re looking on collecting a return for your years of effort and “drive into the sunset”.
Nothing wrong with that picture, but have you actually wondered how much your business is worth?
Statistically*, 88% of small business owners will be well wide of the mark when placing a value on their business, and, therefore, exposing themselves to the value gap risk. A difference between a value of your business today and the value you need it to be worth… -
Do you have an end game?
Posted on July 23rd, 2025 by WLFWritten by Agnes Gondek, Manager
Many business owners tend to not think about their succession until it is too late. Don’t wait for something to happen – for example, ill health, a partnership dispute, relationship breakdown, major clients or staff leaving the firm. Be proactive and plan your end game.
Whether you’re considering selling your business or passing on the baton to family member / staff, there are multiple factors that you may need to think about, such as:
Your current business structure – not all structures are suitable for a family / staff …