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KPMG Australia elects next national chairman
The national managing partner takes over the position from Alison Kitchen in September.
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ISSB standards to provide clarity for businesses
While they may not be the primary target of the sustainability framework, SMEs must be aware of the impact they could have as part of a supply chain.
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Accountant faces 10 years’ jail, charged with forging signatures
ASIC alleges the accountant falsified signatures in audits of 12 clients between 2015 and 2020.
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Avoid lodging returns too early, warns ATO
Waiting for all pre-filled data to be gathered before lodging is the best way to avoid processing delays and follow-up questions, says the Tax Office.
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ATO reveals refreshed charter
The Tax Office says the charter has reinforced its commitment to the Australian community.
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TPB bans agent for 5 years over $16m in undeclared income
The organisation found the tax agent also failed to lodge 54 BAS and 23 income tax returns.
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RSM Australia appoints 3 additional partners
The firm said the appointments are in response to the increasingly complex environment and demands from clients.
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PwC’s $1 deal an attempt to ‘phoenix’ its government relationship
The global organisation has taken greater control of the Australian firm’s mishaps, parachuting in one of its own as the next CEO.
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Small businesses account for one-third of Australia’s GDP
However, less than 10 per cent of SME owners are under 30, less than half of what it was back in the mid-1970s.
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Firms should embrace AI to increase efficiencies
Accountants will not be replaced by AI but instead by those in the industry that know how to best leverage it.
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Beware of personal guarantees, warns insolvency firm
The organisation described them as a ‘business owner’s kryptonite’ with the ability to lead to bankruptcy.
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Are we witnessing a skills recession?
Almost 90 per cent of organisations have reported experiencing skills shortages, and accounting is not immune.
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BDO appoints 17 partners for 1 July promotions
The appointments reflect the firm’s commitment to developing its employees through to the partner level, it said.
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RBA governor’s fate to be revealed in coming weeks
The decision on who will take on the “big job” will be made in July before Parliament returns, said the Treasurer.
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COSBOA pushes for global ESG standards to combat greenwashing
Australia must adopt internationally recognised ESG standards in order to stamp out greenwashing, says COSBOA.
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PwC partners held ‘no regard for their obligation to confidentiality’
A “six-year-old child of normal intelligence” would know what conspired at PwC was wrong, from the cover-ups to the hindering of the ATO’s investigation.
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Federal government passes $1.5bn in technology and training boosts
The legislation will be backdated to 29 March 2022 so small and medium businesses can take advantage of the full benefits.
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Moore Australia strengthens leadership with 21 appointments
The firm proudly acknowledged that more than 60 per cent of its recent appointments were women.
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Remote workers and their employers must be aware of tax restrictions
Those planning to work remotely from overseas must be cautious of their tax arrangements before leaving the country, says HLB Mann Judd.
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Over a quarter of workers are looking for an employment change
Those that are overworked, struggling with the cost of living or in the younger generation are the most likely to part ways with their current employer, says PwC.
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