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  1. Labor pushes on with franking credits ‘gift’ portrayal

    the implications of removing refundable franking credits The House of Representatives Standing Committee on Economics had last week released its report on the franking credits debate, recommending against the proposal and that any such move should only...

  2. Labor policy to heighten recession risk

    It has been nearly 30 years since the last recession. That means there is a significant number of business leaders and politicians that did not experience the recession at an age where they were old enough to have it etched into their memory, the way...

  3. Labor franking proposal could spur risky investor behaviour

    for excess franking dividends have ramped up, with accountants called on to educate clients on the potential fallout. Last week, the House of Representatives Standing Committee on Economics announced an inquiry into the implications of removing...

  4. Labor drags its feet on stage 3 tax cuts

    because we know how much they like to increase taxes on working Australians and hardworking small businesses.” Labor last aired opposition to stage 3 cuts in October last year when stage 2 cuts were introduced early and backdated to 1 July 2020. The...

  5. Labor calls on PM to address tax agents over ATO downtime

    on her as an SME. “The impact [of the outages] on our productivity and cash flow is quite enormous,” she said. Promises Late last year, the ATO said it was beta-testing an online system that will replicate the current tax agent portal. It was originally...

  6. Labor announces extension for instant asset write-off measure

    from $20,000, $30,000, and $50,000.” Both CPA and CA ANZ noted the SME community deserved more and hoped this was not the last of the announcements to help support struggling small businesses.

  7. Kylie Thompson – The Rock and Roll Accountant

    Theatre, Gallery Exhibitions, Musicals. I started dealing with my first musicians during this period. When I commenced my last external Senior Accountant’s Role, I was advised not to integrate my small clients into that Practice. So, 25 years ago last...

    • Type: Article
    • Author: Sorrento Strategic
    • Category: Profiles

  8. KPMG warns of uncertainty in company tax rate

    (PPL) levy applied to companies earning more than $5 million in taxable income. However, with the government announcing last month that the PPL scheme would no longer proceed, KPMG tax partner Alia Lum has said there is now uncertainty over whether the...

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

  9. KPMG UK hit with record £30m for audit failures

    audit concepts such as to act with professional scepticism and to obtain sufficient appropriate audit evidence,” she said. Last year, KPMG was fined £14.4 million for misleading the FRC during spot-checks of its audits on two other companies and it will...

  10. KPMG to provide $33k to the Griffith Tax Clinic

    According to KPMG, the tax clinic has operated for 278 days with 129 Griffith students having worked there over the last five years. The clinic has also received 23,052 client inquiries, conducted 1,034 client meetings, assisted 336 SMEs, conducted 96...

  11. KPMG to offer ‘most generous employee schemes’

    which is coming to a boil. The demand for accounting professionals has been felt by Canberra, with the federal government last week adding five accounting occupations to its Priority Migration Skilled Occupation List in a bid to attract overseas talent....

  12. KPMG tips Sydney and Melbourne to recover in 2 years

    update shows that the tougher regulatory actions and taxation measures by both federal and state governments we identified last year have had a significant effect,” said Mr Rynne. “A relatively high level of increases in the stock of residential...

  13. KPMG spies app fatigue in accounting

    counterproductive and are sparking scepticism and fatigue in accounting circles, according to KPMG. Research from Deloitte last year shows apps lead the way when it comes to core business and social behaviours like networking, with 79 per cent of mobile...

  14. KPMG snags another marketing heavyweight

    of such a dynamic business in a rapidly evolving environment is energising and I can’t wait to start making an impact.” Just last month, KPMG CBMA announced the acquisition of customer experience innovation consultancy, UDKU. The acquisition follows a...

  15. KPMG shakes up retirement age policy

    by the big four that force partners out of the door earlier than they might want to. KPMG launched the review in August last year, but stood by it as recently as the month before, saying that partners are aware of the clause when they join and are...

  16. KPMG responds to ‘large scale tax fraud’ conducted by former employee

    Last week, an AFP and ATO raid unearthed that a former KPMG manager had allegedly “orchestrated a large scale tax fraud”, raking in $1 million in fraudulent tax refunds. As previously reported by Accountants Daily, a raid by the ATO and Australian...

  17. KPMG repays COVID-19 pay cuts on the back of solid FY20 results

    for four months running from May to August, with equity partners seeing a 36 per cent reduction. “This performance in the last three months of FY20 means we are pleased to be able to repay one-third of employee salary reductions in May and June 2020....

  18. KPMG ramps up fintech moves

    of KPMG Australia, and follows the successful Energise accelerator run for the energy and natural resources sector last year. It has been designed to help mutual banks and credit unions and their members gain access to leading fintech innovators. It...

  19. KPMG pinches tax partner from rival big 4 firm

    tax, advisory and compliance services, has been appointed as lead tax partner at KPMG South Australia. Mr Lanzilli spent the last 13 years working at Deloitte as tax partner advising a broad range of clients, including the property and mining industries...

  20. KPMG offers COVID-19 ‘thank-you payment’, repays portion of salary cuts

    better-than-expected half-year figures would enable it to repay staff pay cuts introduced during the height of COVID-19 last year. The big four firm’s staff saw a 20 per cent pay cut for four months running from May to August 2020, but the firm...

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