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  1. Highly anticipated R&D changes missing from budget

    While widely presumed that these changes would be included in the budget, no changes to the R&D Tax Incentive were made last night. “Highly anticipated changes to the R&D Tax Incentive, in response to the Finkel-Ferris-Fraser (FFF) Review, were not...

  2. Highest-paid accounting roles revealed

    average salary of $126,253. This was followed by strategy and planning roles, despite a 2 per cent dip compared to this time last year, with an average salary of $122,394. Management accountants averaged a salary of $110,807, with a growth of 1 per...

  3. Higher-than-expected inflation figures to delay rate cuts, say economists

    2024 quarter. While prices continued to rise for most goods and services, annual CPI inflation was down from 4.1 per cent last quarter and has fallen from the peak of 7.8 per cent in December 2022,” said Marquardt. AMP deputy chief economist Diana...

  4. Higher tax or audit: the professional firm profits dilemma

    whatever arrangement applied. “The best time is in the first quarter of every year, and then you do your tax planning in the last quarter,” said Mr Munro. The ATO said that the guidance would apply from 1 July 2022 but those with pre-existing...

  5. High-profile wage failures ‘to drive up SGC penalties’

    being paid the correct amount of SG and report cases of non-compliance to the ATO. The Fair Work Ombudsman (FWO) reported last month that it had recovered $509 million in underpaid wages for 251,475 workers during 2022–23. More than half of the FWO...

  6. High-profile KPMG exec retires from partnership

    could remedy their property woes by spending less on “smashed avo” and cafe-style meals. The comments, made in October last year, effectively took broader aim at the lifestyle choices of millennials. “From smashed avos, to sea-changes, to man droughts,...

  7. High taxes, regulation burden driving Aussie start-ups offshore, says tax specialist

    currently being taxed. "Australia has very high income tax rates. Given the changes that have occurred in the world over the last 100 years with capital becoming more productive than labour, it's probably not the best idea to tax labour heavily." "We...

  8. High Court ruling offers relief over franking arrangement

    Supreme Court of Queensland of a franking credit streaming arrangement has been labelled a “relief” by one mid-tier firm. Last week, the High Court held that in Federal Commissioner of Taxation v Thomas & Ors, the provisions in subdivision 207-B ITAA...

  9. High Court rules in favour of employers on personal leave accruals

    any potential confusion. “If an employer changed how personal leave operates following the original Federal Court ruling last August, they need to update their payroll system accordingly,” Mr Mallett said. “Staff need to be assured that they don’t need...

    • Type: Article
    • Author: Maja Garaca Djurdjevic
    • Category: Business

  10. High Court rules in favour of employees in an insolvency

    employee entitlements in insolvency, irrespective of whether the company was trading in its own right or as a trustee. Last week, the High Court dismissed an appeal in Carter Holt Harvey Woodproducts Australia Pty Ltd v The Commonwealth of Australia and...

  11. High Court rejects appeal application by Ballarat accounting firm

    have a close, trusted relationship. However, Mulcahy was still required to pay $20 million to Conheady. With the High Court last week refusing the special leave application with costs, Mulachy, together with his firm and trustee company BFMM...

  12. High Court judgment handed down in CPA v Chartered case

    a vindication of the action we have taken on behalf of our members,” Mr Malley said. “We commenced these proceedings as a last resort, and only after all attempts to resolve the matter outside these proceedings had been exhausted. “First and foremost we...

  13. High Court decision to impact development tax arrangements

    A decision last week in the High Court of Australia will have implications for a large number of property development projects, according to Pitcher Partners. The High Court ruled in favour of the Victorian commissioner of state revenue in a case...

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

  14. Helping Business Owners stabilise, reset and grow when they face financial, operational or strategic pressure.

    encourage clients to address issues before they become crises and to view professional advice as an investment rather than a last resort. While we cannot save every business, we can ensure that owners have the information, strategy and support needed to...

    • Type: Article
    • Author: AS Advisory
    • Category: Profiles

  15. Help save the legal industry in a post-AI world: do your estate plan using a will kit

    acknowledged that while the deceased could apparently speed read, his composing skills, at least when it came to making his last will 'lacked the sublime expressive craft of Burns'. In particular, the deceased prepared his will using what was described...

  16. HECS threshold changes hit taxpayers hard

    The government has announced a notable drop in the HECS debt repayment thresholds from next year. As announced in last night’s federal budget, the government will be introducing a new set of repayment thresholds from 1 July 2018. Currently, a HECS debt...

  17. Healthcare, public admin firms ‘fail at double rate of last year’

    latest ASIC figures show 1,165 building companies have entered administration since July, up 33 per cent on the same period last year and well ahead of other sectors. Accommodation and food services were the next most vulnerable, with 598 insolvent...

  18. Health, wellness often suffers as EOFY approaches

    stress from intense workloads and client demands. Accountants fared comparatively well on depression and anxiety barometers last year, but stumbled with physical health and nutrition, particularly during longer working hours. “We all know that...

  19. Headaches continue for Dover accountants

    Dover Group continue to experience fallout from the shock closure, as a major bank moves to suspend their authority. Last week, Accountants Daily reported that Dover Financial Advisers will be unexpectedly wound up, leaving almost 400 authorised...

  20. Head of super announces departure from CAANZ

    the head of its superannuation division. Liz Westover has resigned from her position as head of superannuation at CAANZ. Her last day with the association will be 4 November. Ms Westover made the announcement via LinkedIn this morning, and a CAANZ...

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