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  1. Politicians need to put down the IAWO ‘bargaining tool’: CPA, ACCI

    by Australian small businesses after the Albanese government failed to address the future of the IAWO in the federal budget last Tuesday. CPA Australia voiced support for the announcement, however, also outlined that the IAWO was crucially important to...

  2. Political interest in overhauling tax residency laws has ‘disappeared’, says specialist

    paper with a proposal for modernising individual tax residency. Despite the consultation paper, Messner said neither of the last two governments have viewed addressing the tax residency rules for individuals as a priority. “It doesn’t feel like there’s...

  3. Police seize cigarettes, tobacco worth millions in lost tax

    150 staff from six agencies including the ATO, raided 15 locations in the Logan, Redlands and Ipswich areas of Queensland last week and needed five trucks to haul away 60,000 vapes, 3.74 tonnes of tobacco and more than 8 million cigarettes. Police from...

  4. Police checks for bookkeepers on the cards as ATO knuckles down on security

    a police check — that's another credibility item. “Watch this space, I was in a meeting with the chair of the TPB in the last week and they are certainly opening up on some of this.” [email protected]

  5. PM implored to consider JobKeeper extension for aviation industry

    “our critical aviation industry remains intact and retains its highly trained, skilled workforce”. He stressed that the last 12 months had been extremely difficult for the sector, with some 11,000 workers lost due to redundancies, with a further 2,500...

    • Type: Article
    • Author: Cameron Micallef
    • Category: Regulation

  6. PM denies white paper ditched

    Tax White Paper. Bureaucrats at the federal Treasury, the Tax White Paper Taskforce and the Board of Taxation were last week told work on the white paper would come to a complete halt, Fairfax Media claimed yesterday. "We were told to put everything on...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Business

  7. PM announces COVID disaster payment

    directly and 100 per cent with the business support they are providing,” Mr Morrison said. “What I put to the acting Premier last night was that we should split 50–50 both payments. Go 50–50 on household and 50–50 on business. “Alternatively, the states...

  8. Plutus Payroll ‘lackey’ sentenced to over 3 years in jail

    Kitson, the former general manager of Plutus Payroll, who pled guilty to conspiring to defraud the Commonwealth in August last year and was sentenced to four years and six months in jail, with a non-parole period of three years. Chief of the Serious...

  9. Plethora of streaming services confront subscription fatigue

    services were closing the gap on subscriptions and now accounted for one-third of streaming, up 8 percentage points on last year. The survey also revealed a decrease in willingness-to-pay per subscription and a decline in the average number of...

  10. Play by the rules for June returns

    R&D expenditure thresholds and certain integrity measures. Amendments to the offshore banking unit regime became law last September, removing the concessional tax treatment for OBUs for offshore banking activities from the 2023-24 income year. The...

  11. Plastic tax could stem ‘waste tsunami’, raise $1.5bn

    a $1,300 per tonne levy on over 1 million tonnes of packaging a year. A $1,300 per tonne tax on businesses that manufacture plastic packaging is needed to tackle a “growing tsunami” of waste that recycling alone cannot fix, according to a think tank....

  12. Plans to fast-track increase to SG raises industry concerns

    compulsory superannuation contributions from 9.5 per cent to 12 per cent by 2025, a move supported by the government. Last week, the Grattan Institute said that such a move would cause an extra $20 billion to be stripped from workers’ wages each year....

  13. Planning to become a Chartered Accountant? These changes will impact you

    of workers, and flexible learning options are filtering into tertiary institutions. The active employment policy was changed last term, and is effective immediately. Ditching paper exams Digitising the CA Program’s learning experience is a key focus for...

  14. Planners mirror accountants in education fight

    age of a financial planner being in the mid to late 50s,” said partner at Fortis Accounting Partners, John Kalachian late last month. “In general, a lot of people will go out of the industry because of it but in saying that, there are opportunities...

  15. Planday targets rapid expansion of award coverage

    tools to cover a whole range of sectors from automotive to hair and beauty, its regional chief told Accountants Daily at last week’s Xerocon event. Planday used the Xero conference to announce it was broadening its product to cover businesses paying...

  16. PKF Sydney aims to build ‘biggest broker force in Australia’

    the “largest salaried broker force in the country”. David Zammit became the first executive director of PKF Debt Solutions last week and will be responsible for building processes and procedures for the division, onboarding technology suppliers, and...

  17. PKF names new managing director

    about the transition of roles. “Succession in any organisation is a key part of the journey of being in business. The last 12 years has been one of opportunity, challenges, good times and some tough times but above all the most rewarding of my career....

  18. PKF Melbourne banned from expert reports after ASIC probe

    uncovered compliance failings in past engagements. In a court-enforceable undertaking between PKF and ASIC released last week, PKF admitted it failed to uphold documentation and conflict of interest requirements for three past IER engagements, breaching...

  19. PKF expands into Townsville CBD

    of the fastest-growing mid-tiers. The Townsville move comes after PKF’s Brisbane office acquired a local firm, PT Partners, last year. That contributed to PKF’s 30 per cent increase in personnel and took it to $15 million in fees. PKF Brisbane’s...

  20. PKF Australia adds 3 principals to its Sydney team, promotes 8 others

    presents us with the chance to acknowledge and appreciate our employees for their dedication and development throughout the last year.”

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