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  1. Xero defends CEO pay package amid shareholder pushback

    Singh Cassidy after shareholders overwhelmingly voted against increasing her remuneration. At its annual general meeting last week, 70.6 per cent of shareholders voted against Xero’s board decision to give the chief executive a pay rise. The board...

  2. 4 in 5 SMEs report being exposed to scams

    He added that according to ABA research, 30 per cent of businesses said their bank flagged a suspicious transaction in the last year, while one in five said they are aware of their bank blocking a transaction. “Banks are ramping up scam protections...

  3. Last chance for accountant accused of misleading, deceptive conduct

    An accountant facing accusations that he caused clients to enter loans, asset purchase agreements, and investment transactions “without proper disclosure or advice” has been warned of the consequences of not engaging with the court. A business owner’s...

  4. ATO addresses fraud putting forward ‘stringent security measures’

    After it became aware of fraudulent activity targeting the systems of some tax professionals last month, the Tax Office has encouraged practitioners and individuals to use its security measures. After becoming aware of fraudulent activity targeting...

  5. Raising accounting’s profile through social media

    that seven in 10 (72 per cent) of accounting professionals felt that there was a talent shortage in the sector, with CA ANZ last year finding that taxation accountants were at the highest risk of a talent shortage, estimating a 6,000-accountant...

  6. CGT changes bring valuation headaches for small businesses

    He also warned that business owners could be at loggerheads with the ATO if valuations are uncertain or disputed. “The last thing small business owners need is more time and money spent on paperwork, compliance costs and disputes with the Tax Office,”...

  7. Concerns raised about government's consultation approach on tax reforms

    period had even finished. The government passed its Tax Reform No. 2 Bill through both houses of parliament on Wednesday last week, which contained supplementary amendments to address some of the issues raised with its negative gearing reforms. The...

  8. AFSA reports spike in personal insolvencies in June quarter

    Authority indicate that personal insolvencies across Australia have increased 13.1 per cent compared with the same period last year. A total of 3,596 new personal insolvencies were recorded in the 3-month period to June 2026, compared to 3,179 in June...

  9. Accountant’s stable of companies gets provisional liquidators

    NSW Supreme Court had to be satisfied there were reasonable prospects of a winding up order. In his decision, handed down last Friday, 21 August, Justice Scott Nixon was satisfied there were “reasonable prospects” that ASIC would obtain this order on...

    • Type: Article
    • Author: Naomi Neilson
    • Category: Business

  10. Separation anxiety: CGT mistakes to avoid on assets when couples split up

    were the subject of controversy due to the widow tax that applies under the reforms, as reported by The Australian. However, last week, Treasurer Jim Chalmers agreed to expedite legislation to address the widow tax to secure passage of the NDIS reforms....

  11. Commissioner of Taxation on ATO’s digital future

    including updated linking to myGov in June, a call verification feature in April, and real-time updates and account locking last year. “We continue to invest in tools like the ATO app and My ID with the goal of balancing simplicity with enhanced...

  12. Apologies, admissions: how the KPMG hearings ended

    KPMG Australia partners an opportunity to make commentary on the evidence presented throughout the day at the tail end of last week’s hearing. While some former partners apologised for the alleged audit misconduct at the scandal-ridden accounting firm,...

  13. The Tax Institute joins the IPA Group

    with subsequent TTI consultation revealing that 89 per cent of its members approved the proposal. In a joint statement late last year, the two bodies said that they are brought together by the principle, “members are at the centre of everything we do”....

  14. How the KPMG inquiry tested surprising photo evidence

    One of the more surprising revelations to come out of last week’s KPMG inquiry hearing was the attempts by a former partner to downplay her taking photographs of confidential documents. Accountants Daily looks further at that evidence here. As KPMG’s...

  15. Mulino hits SMSFs with new levy in major financial sector reform

    through self-managed super funds, and SMSF losses have already placed immense strain on the CSLR [Compensation Scheme of Last Resort], accounting for more than 90 per cent of costs to date.” Mulino said in a statement that the collapses of the Shield...

  16. Microbusinesses stabilise following 5% decline

    or just general supply into the business, everything’s going up in the inflation environment that we’ve encountered over the last sort of three years or so,” Spring said. Negotiating an SBR Small business restructure (SBR) eligibility requires that a...

  17. Resigning KPMG GC appeals to ‘benefit of hindsight’ during interview scrutiny

    Allens, relied only on 14 interviews of partners in its investigation into whistleblower allegations, with each lasting half an hour each. Allens partner Christopher Kerrigan told the committee: “We didn’t interview in our first investigation people...

  18. Ashneel Kumar - The Trusted Guide with Energy

    A 2026 Australian Accounting Awards finalist, Ashneel and his team were also finalists across multiple categories at last year's awards, including Boutique Firm of the Year and Partner of the Year. How did you start down this career path? My background...

    • Type: Article
    • Author: Rise Accountants
    • Category: Profiles

  19. ‘Naughtiest kid in the class’: former KPMG Australia COO grilled at hearing

    said she would not receive entitlements such as accrued annual leave or retirement payments, and she was not paid for the last month until the date of her expulsion. Hoggett admits to writing email about confidential documents in locker During the...

  20. Whistleblower protections need ‘rethink’ with greater incentives, support

    taxation whistleblower protection framework –as governed by the Corporations Act 2001 and Taxation Administration Act 1953 – last made in 2019, one accounting body has stressed that Treasury’s latest review of the system requires a “rethink”, in...

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