Eurora Solutions, the provider of an AI/ML backed cross-border trade compliance platform, launches a partnership with DPDgroup, one of the world’s leading parcel delivery network. This partnership will enable DPDgroup, which delivers 2.1 billion parcels yearly, to enhance its quality and compliance processes whilst lowering the costs of customs processing.
We are in a precarious situation, pincered between the claws of rising input costs and falling consumption as inflation begins to bite. The ATO has been inactive over the last two years, delaying its debt collections to allow businesses to recover from lockdowns. That's all about to change. Now that we've emerged from the most challenging pandemic, the ATO has started pursuing unpaid liabilities with accelerating speed as it surpasses $34B in tax debt.
Napier, an end-to-end intelligent compliance platform and provider of advanced financial crime risk management solutions, has announced that its current Chief Operations Officer Greg Watson, is to take the helm as Chief Executive Officer with immediate effect, as former Chief Executive Officer Julian Dixon moves into a full-time role as Founder and Board Member.
Grant Thornton welcomed the team from Initialism into its Risk Consulting practise, bolstering its Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) service offering. As a result of the intensified focus on AML/CTF activity from Australian regulators – particularly by the Australian Transaction Reports and Analysis Centre (AUSTRAC) – there has been an increase in the number of recent high profile regulatory actions and penalties for AML/CTF non-compliance, and Grant Thornton expects this trend to continue.
Marcum Bernstein & Pinchuk LLP announced that the organisation will change its name to Marcum Asia CPAs LLP, subject to regulatory approval. The name change will reflect the rapid growth of the organisation's work at the intersection of the United States and Asia markets.
Scrut Automation, a compliance automation platform, unveiled Risk Management, a unique risk assessment tool, to further bolster its offerings in the compliance automation industry. Larger firms use legacy Enterprise Risk Management tools to manage risk assessment and management processes, but these are difficult to adopt for mid-market SaaS and Fintechs and often lack relevant integrations.
Following the announcement that the minimum wage is set to increase from July 1, 2022, employers in Australia will be wondering what they need to do to comply with the changes. The increase means employers will now be required to pay their employees an extra 5.2% and $1.05 an hour. This includes a 4.6% increase to minimum award wages with a $40 minimum increase. The Fair Work Commission said its decision would affect over 2.7 million workers, as well as other employees on enterprise agreements and other pay settings.
Andersen Global enters a Collaboration Agreement with Maj Consulting, reinforcing its capabilities in East Central Africa as the organization continues its expansion in the region. Maj Consulting, founded in 2015, is a tax and business advisory firm based in Rwanda and has grown rapidly. Led by Managing Director James Muigai, Maj Consulting offers solutions in international tax and transfer pricing, tax compliance, investor advisory, risk advisory, management consulting, financial reporting, payroll management and advisory services.
As the cost of doing business continues to rise both in Australia and globally – new locally-developed real-time compliance monitoring technology is offering companies the opportunity to streamline their processes, and potentially reduce both cost and risk.
As the start of a new financial year, SOFY, looms, now is the time to set your business up for success. And that starts with planning. To help you understand what you can do now that will pay dividends later, the experts at The Access Group have compiled the top 5 things you need to know to close out the financial year and set yourself up for a flying start to FY23.