Karen McWilliams FCA

My Capability Plan In these challenging times, CPA recognises that the retraction of the public sector and the wider business community may impact some of our members. Please remember that CPA Australia offers a wide range of tools to support you. Over the next few months, we will highlight some of these resources and encourage all members to take full advantage of the tools on offer to help navigate these times. The first of these to use is My Capability Plan. It is a self-assessment tool provided exclusively to CPA members that assesses capabilities against CPA Australia’s Accounting and Finance Capability Framework. By undertaking this assessment, CPA Members will identify capability strengths and areas for development to help guide future learning activities and career development. This self-assessment tool will take approximately 15 minutes for you to complete. https://lnkd.in/gShx-h22

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🌍 Topics that are particularly important for the profession include sustainability, AI, and the evolution of the profession itself, including ethics. In this video, CPA Australia CEO Chris Freeland AM talks about what we are focusing on in 2025 to provide value to our members. 📈✨ For more highlights from 2024 👉 https://bit.ly/404vtHc

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If you're a #manufacturing company who has successfully secured grant funding, well done on such an important milestone. Below is an important read from Shelby Earl of RSM Australia to ensure the appropriate reporting of the related expenditure.

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The Accounting Standards Board (AcSB) is conducting a survey of not-for-profit (NFP) sector stakeholders (financial statement preparers, practitioners and NFP decision-makers). The goal is to help develop a new exposure draft on #accounting for restricted contribution revenue and related matters. There are three separate surveys, depending on your NFP sector experience. Follow the link below to take the appropriate survey.

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🚀 New Blog Alert: Making Contributions Later in Life! 🚀 Are you aware of the recent changes in superannuation laws that offer older Australians more flexibility to boost their super? 🤑 In our latest blog post, we break down everything you need to know about making contributions to your superannuation, including: ✅ Concessional vs. Non-Concessional Contributions ✅ Options for those under 75 ✅ Relaxed Work Test Rules ✅ What to do if you’re over 75 Whether you’re still working or enjoying retirement, there are now more ways than ever to enhance your superannuation for a secure financial future. 💪 👉 Don’t miss out on these valuable insights! Read the full blog here https://lnkd.in/gRX2rJz9 and learn how you can take advantage of these opportunities! Contact us at (08) 9303 8900 or book an appointment today. 📞 #Superannuation #RetirementPlanning #FinancialFreedom #OlderAustralians #SuperContributions #AWT #AWTAccountants #JoondalupAccountants #JoondalupSMSF #JoondalupTaxAgents #JoondalupTax #AWTBlog

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Elinor Kasapidis, Chief of Policy, Standards & External Affairs, talks about what the Policy & Advocacy team does at CPA Australia and how we support our members. 📢 Learn how we’re driving change and championing the accounting profession 👉 https://bit.ly/3OAazZp

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🚀 FutureFocus – Empowering the Next Generation of Accountants 🚀 With over 40 years of industry experience, I’m passionate about helping young accountants thrive. FutureFocus is a structured mentorship program offering personalised guidance, tailored resources, and practical insights to elevate your team's skills and confidence. Investing in your future leaders isn’t just good for them—it strengthens your firm and the profession as a whole. Find out more: https://bit.ly/3PCb7ip #Mentorship #FutureFocus #AccountingMentor

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The IFRS Foundation has just published this useful guide for companies looking to apply ISSB Standards - well worth a read for those beginning to investigate voluntary reporting: https://lnkd.in/gAWDtkmU Need some help when it comes to ISSB reporting? XDI can guide you through ISSB reporting requirements, and all other steps on your journey from risk to resilience. #XDI #physicalclimaterisk #ISSB #reporting #climateimpacts #riskassessment

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The Minister of Revenue announced the Government’s tax and social policy work programme tonight. Amongst the 6 pillars he referred to, infrastructure was mentioned under the first pillar of economic growth. Our Tax Tips also released today explores NZ’s tax settings and infrastructure. It will be interesting to see the details behind what the Govt has in mind in terms of tax policy changes and infrastructure. https://lnkd.in/gq7cJaHb

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🚀💻 Making Tax Digital (MTD) is here to stay under the new Labour government! Discover how digital tax records will transform your tax reporting below ⬇️

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What stops Australian small and medium enterprises (SMEs) from business structuring? Prior research has revealed advisors’ perceptions that most SMEs had not adopted an appropriate business structure due to an absence of advice at the inception stage of the business. There are many reasons why business structuring may be considered necessary by advisors and operators of SMEs. These can include facilitating new investors, facilitating a business succession plan, allowing access to generous tax concessions only available to certain business structures, and to address legacy issues (such as a complicated structure). Our research found a difference between the factors that impact an established business compared to a new business. Our analysis demonstrates that for established businesses, transfer costs such as capital gains tax (CGT) and stamp duty are more frequently mentioned by advisors as inhibitors. Whereas for new businesses, the more frequently mentioned inhibitors are establishment costs and client understanding. For more details see: https://lnkd.in/ewY8bNUu Barbara Trad Craig Cameron

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🌐 New Blog Post Alert: CGT & Foreign Residents – Complex Rules Apply! 🌐 Did you know that foreign residents may still be liable for capital gains tax (CGT) on certain Australian assets? 🏠🌏 Our latest blog dives into the intricate CGT rules that apply to foreign residents, covering real property, business assets, interests in land-rich companies, and more. Whether you’re selling property or have a business in Australia, these rules can be complex and variable, so it's essential to stay informed! 🔍 Read the full post and learn how to navigate these regulations. https://lnkd.in/gdTi2MbF Have questions? Contact our office at (08) 9303 8900 to speak with our expert team today! #AWT #AWTAccountants #JoondalupAccountants #AWTBlog #TaxTips #JoondalupTaxAgent #TaxAdvice #CGT #ForeignResidents #BusinessTax

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Last week the Australian Accounting Standards Board (AASB) convened a meeting to vote on the proposed Australian Sustainability Reporting Standards. They voted in favour of both the AASB S1 (voluntary) and AASB S2 (mandatory) standards. This means that from next year, mandatory climate reporting requirements will be phased in for nearly every company in Australia. This is a huge shift in the reporting requirements, but also offers a significant opportunity for companies to understand their impact and get on top of emerging climate risks. Our experts are already helping Australian companies prepare for reporting, with greenhouse gas (GHG) assessments, scope 3, transition plans and target setting, as well as climate risk assessments and scenario analysis. 👉 Check out our latest article and factsheet via the link in the comments to see what you need to do or reach out to our team for support. James Balík-Meacher | Miguel Oyarbide | Luke Bertini #ASRS #ClimateReporting #Climate #MakingSustainabilityHappen

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📢 MICPA Observation 2024: Enhancing Financial Reporting Quality MICPA is pleased to share with you MICPA Observation 2024 report, summarising key findings from its review of selected audited financial statements of public listed companies. The report provides valuable insights aimed at encouraging professional accountants, including preparers & auditors, to proactively address these observations and drive improvements in the overall quality of financial reporting. #FinancialReporting #MICPA #AccountingProfession #Audit  

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As Māori business leaders, we often feel isolated in our roles. This report affirms that we all feel the pressures of these challenging times. It emphasises the importance of prioritising our wellbeing and reaching out to our networks for support. We cannot afford to falter because our whānau, hapū, iwi, and communities depend on us to succeed. Let’s continue to support one another, share our experiences, and build resilience together. By doing this, we can navigate challenges and strengthen the foundations for future generations. Ngā mihi kia koe Mike McRoberts, your skill and professionalism made it easy to share these insights. You have a real gift for making people feel comfortable. Much respect!

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As we all know, the registration period for tax practitioners is changing from at least once every 3 years to at least once a year. The new annual registration period will apply from your next renewal date that occurs from 1 July 2024. The Government has announced that the fees for all applications (including renewals) made for the period 1 July 2024 to 30 June 2025 will be $273 for tax agents and $54 for BAS agents (prorated). 1 July 2024 is also the date that tax practitioners need to report themselves and other tax practitioners when there is a “significant breach” (whatever this means?) of the TASA.   Interesting times ahead for our profession.

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BREAKING NEWS! Introducing our People and Culture Consulting Service A great additional level of service offering for our clients. If you'd like to know more, just message me here. #SME #businessadvisory #businessgrowth #financialgoals #Trilingual

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🤶 Day 4 of the 12 Days of Christmas Promotion is here! 🤶 Are you ready to kick off 2025 with confidence in your practice’s compliance and quality management systems? 🎁 Today’s offer: $50 off my “Do It With You” Quality Control Workshop! 📅 Date: Wednesday, 15 January 2025 🕒 Time: 12:30 PM AEDT ⏳ Duration: 4 hours 🎓 Style: Interactive and hands-on 💡 Why this workshop? Recent quality reviews reveal common compliance gaps, including: 🔍 Incomplete or undocumented quality management systems. 🔍 Missing or insufficient engagement letters. 🔍 Risk management frameworks that don’t meet standards. Let’s fix that together. In this workshop, you’ll: ✅ Develop a quality control framework tailored to your firm. ✅ Get ahead of TASA changes and avoid compliance pitfalls. ✅ Learn practical strategies to protect your firm and clients. 🌟 Quality control isn’t just about ticking boxes - it’s about building a practice that’s secure, professional, and ready to thrive. 🕒 Save $50 today with code 12DAYSFOUR. Offer valid until 9 AM AEDT tomorrow! 👉 Register here - https://lnkd.in/ggfHXAi8 Let’s start 2025 with compliance, confidence, and control! 🎄

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