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  1. KPMG acquires consultancy in innovation push

    the acquisition of UDKU was in line with CMBA’s targeted growth. CBMA has made several high-profile appointments over the last few months, including former Publicis Communications chair and Publicis Australia chief executive Andrew Baxter, Louise...

  2. Know your client’s crypto or risk a blowout, expert warns

    Avoid finding out at the last minute that there are thousands of transactions to reconcile that haven’t been priced into the job. A crypto expert is warning accountants to ensure they know what their clients have been doing with crypto or else the...

  3. Kilimanjaro wins temporary reprieve on MYOB Exo margins

    from pursuing a reduced margin on its software until the outcome of a court case between the two. The Federal Court ruling last week restrains MYOB from acting for breach of contract or withholding software licences if Kilimanjaro pays MYOB 65 per cent...

  4. Key small business indicators slip into critical zone

    data suggests that the wage increases being paid by small businesses are not as large as they were as recently as September last year,” Ms Southall said. “While this may provide some short-term relief for small business owners who struggled with...

  5. Key dates ahead of the ATO’s annual closure

    Lodgement program deferral requests processed after 14 December may not display on a client’s record until the new year. The last tax return status email that reports the actions the ATO are taking when processing clients’ tax returns have been sent on...

  6. Key CPA exec made redundant post-review

    has removed one of its highest-paid executives, following recommendations from former auditor general Ian McPhee’s review last year. Chief operating officer Jeff Hughes departed CPA Australia in late December 2017, after being with the association since...

  7. Key budget incentives stall on starting line

    left in the dark about key budget investment incentives after they were omitted from legislation enabling other measures last week. The Skills and Training Boost and Technology Investment Boost apply to eligible expenditure incurred from budget night...

  8. Key Bill for CAANZ amalgamation passes

    The Accounting Infrastructure Reform Bill passed its third reading last week, paving the way for Chartered Accountants Australia and New Zealand to officially amalgamate. Part of the bill is an amendment to the NZICA Act 1996 which allows the two...

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

  9. Key audit appointments, M&A deals chalk up growth for EY

    EY’s revenue rose by almost 10 per cent over the last financial year as the big four firm secured several key audit appointments, and noted a strong demand for M&A services. The big four firm saw its revenue rise by 9.8 per cent to $1.78 billion for...

  10. Kelly and Partners opens new overseas office

    in the NSW firm’s expansion. “We are keen to continue our growth, which has averaged at a compound 42 per cent rate over the last decade, through the acquisition of firms which want to tap into our integrated operating and client management systems,” Mr...

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

  11. Keating knocks ‘freebie’ imputation credits

    “Borrowing outside of super — usually with double incomes are used in calcs despite potential future family plans (and also last year's bonus considered as ‘normal income’) — is a greater systemic risk to the economy than borrowing within SMSFs....

  12. Katarina enters a new relationship – with a new accountant

    Host Katarina Taurian is just starting out in a new relationship. Following a parting of ways with her last accountant, which she describes as “harder than her most difficult break-up”, she is now in the process of regaining that trust and relationship...

  13. Karbon’s new exec eyes MYOB, Reckon fallout

    from Wolters Kluwer Australia after about two years in sales management roles. The move, reported by Accountants Daily last week, was publicly confirmed today. “With the MYOB and Reckon APS deal falling through recently, all practices will be...

  14. Jump-the-gun tax returns ‘at high risk of adjustment’ 

    for prefill data doubles the chance of changes later. More than 140,000 had their tax returns amended prior to assessment last year as people jumped the gun to lodge in early July, warned the ATO. The office said mistakes were more likely when taxpayers...

  15. Jordan to exit ATO in February after 10 years at helm

    an address to staff yesterday during a presentation of the 2023-24 corporate plan. He confirmed his second term would be his last and gave himself a distinguished pass mark for his achievements in the role. “As you know, my current term as Commissioner...

  16. Jones lauds anti-scam response after losses drop 60%

    were down 60 per cent between 1-7 January 2024 and were also down “across the board” since the NASC commenced work in July last year within the ACCC. He referred to findings from the NASC’s first quarterly report in November which showed losses fell by...

  17. Joint bodies voice support for AFCA rule amendments

    based on the failure of financial firms to pay AFCA determinations and the resultant impact on the Compensation Scheme of Last Resort (CSLR) being an important issue for the various bodies and their members. “The cost of the CSLR is a major threat to...

  18. Joint bodies say employers are ‘set up to fail’ in Payday Super regime

    relies heavily on administrative tolerance rather than legal certainty and have called for sweeping changes. In a submission last month, joint accounting bodies called for transitional relief for the Payday Super (PDS) legislation that commenced on 1...

  19. Joint bodies look to capitalise on ASIC’s licensing ease

    accounting bodies to turn up the heat on the licensing regime, following ASIC’s temporary AFSL exemption for tax agents. Last month, the corporate regulator relaxed licensing requirements for accountants to provide advice to existing clients about the...

  20. Joint bodies flag potential issues with instant tax deduction bill

    have called for changes to the current drafting of the legislation. Treasury released the draft legislation for the measure last month, which will provide an instant $1,000 tax deduction for the 2026–27 income year onwards. Eligible taxpayers can...

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