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  1. Former KPMG partner jailed for insider trading

    court judge has jailed former KPMG partner Scott London for 14 months for his role in an insider trading scheme. Mr London last year pleaded guilty to a federal charge of securities fraud through insider trading, admitting to taking cash bribes and...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  2. ATO provides BEPS update

    it requires change, domestically and internationally”. In his speech to the Tax Institute of Australia conference in Hobart last month, commissioner of taxation Chris Jordan said the ATO is focused on working more closely with partner tax agencies to...

    • Type: Article
    • Author: Michael Masterman
    • Category: Regulation

  3. RSM International expands network

    to the UK,” said Mr Hutchinson. Baker Tilly acquired RSM International's previous UK member firm, RSM Tenon, in August last year, creating a firm of 40 offices, around 3,500 partners and staff and a fee income of over £300 million. The acquisition of...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  4. SMEs want tax process simplified: MYOB

    level since 2009. Mr Reed said these results are the first measure of SME sentiment regarding the federal government since last year's election and it appears sentiment is moving from negative to neutral. “The drop in dissatisfaction could mean small...

    • Type: Article
    • Author: Michael Masterman
    • Category: Tax

  5. ASIC asks for small business sector's feedback

    regulator's services and engagement with the small business sector. This is ASIC’s second small business survey, with the last survey (conducted in late 2012) resulting in the establishment of ASIC's Small Business Engagement team. This team is focused...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  6. Labour market improving: ANZ

    “Each of the main job ads/vacancies measures have risen this year, while some have been improving since the end of last year. Importantly, there has been strength in job advertising in some key industries, including construction, education and health,...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  7. Xero posts massive jump in revenues

    a net loss after tax for the full year of approximately NZ$35 (AU$32.4) million, compared with NZ$14.4 (AU$13.33) million last year. A statement from Xero said recruitment and expanding the company’s global network were two key focuses for the 2014...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  8. Changes to Division 7A not enough: Pitcher Partners

    from reaching their commercial goals, according to Pitcher Partners tax partner Theo Sakell. Mr Sakell’s comments follow last week's announcement by the Board of Taxation of proposed changes to Division 7A of part III of the Income Tax Assessment Act...

    • Type: Article
    • Author: Michael Masterman
    • Category: Regulation

  9. National accounting and planning bodies announce alliance

    described as both a “commercial and political alliance”. Addressing the AIOFP offshore conference in Phnom Penh, Cambodia, last week, NTAA Advice member advocate Phil Osborne said his organisation is seeking access to trusted relationships with...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  10. ATO 'under resourced completely' to deal with SMSFs: analyst

    said the ATO is struggling to keep up with its normal tax duties and is “under resourced completely.” “With SMSFs over the last five years, on top of a GFC, no wonder the tax department can’t’ keep up. And changes to superannuation are just constant,”...

    • Type: Article
    • Author: Staff Reporter
    • Category: Super
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