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  1. Ex-PwC top lawyer proposes big 4 watchdog, defends partnership model

    of that meant that the privilege claims that had been made... were not valid,” she said. In her submission to Parliament last week, Beattie detailed several “cultural and behavioural problems which existed within sections of the firm’s international...

  2. Ex-PwC partner gets registration terminated for $11m tax shortfall

    action against PwC for “being wrongly linked to the firm’s tax leaks scandal and has not practised as a tax agent since last year”. “PwC named him in July 2023 as one of the eight partners who had left or were in the process of being removed from the...

  3. Ex-PPB Advisory manager joins Jirsch Sutherland

    after about six months of negotiations, taking in 22 of PPB Advisory's 33 partners, and the majority of its 280 staff. Last month, a former PPB Advisory partner was charged with three counts of fraud after ASIC alleged that as co-liquidator of a...

  4. Ex-KPMG boss to chair new black economy advisory board

    chair, will lead the government’s new black economy advisory board. Mr Andrew, who chaired the black economy taskforce last year, will oversee a board that will include members of the private and public sector to provide strategic advice on trends and...

  5. Ex-CIMA president hits out over model of accounting associations

    about what they can offer beyond the number crunching.” The NSW-based accountant who led the charge against CPA Australia last year, Brett Stevenson, similarly raised these questions with Accountants Daily earlier this month. Mr Stevenson is concerned...

  6. Ex-CA boss lands new overseas gig

    not-for-profit oversight body of the International Accounting Standards Board. Mr White stood down as CEO of CA ANZ in April last year, replaced by Rick Ellis the following month. He has been a CA for 30 years, and a fellow since 1998. He has also held...

  7. Everett assignment guidelines limbo drags on

    use of related-party financing and self-managed super funds. The latest extension comes after it announced a similar move last year, with the ATO continuing to work on new guidelines since early 2018. The ATO notes that taxpayers who rely on the...

  8. EV owners should help pay for roads: Poll

    infrastructure is something the government will need to confront eventually.” Sales of plug-in electric vehicles tripled last year to 20,665, up from just 6,900 in 2020, according to the Electric Vehicle Council. Meanwhile, the Queensland government...

  9. Ethics to be ‘well and truly tested’ amid COVID-19 pandemic, says Deloitte

    Australia and New Zealand bribery and corruption survey leaves no doubt that Australia’s reputation has slipped over the last two years.” Mr May noted that, since many of the respondents were from Australia and New Zealand and operated supply chains...

  10. ETF investors warned against rushing tax returns

    have yet received all the relevant information required for their return, the Institute of Public Accountants has warned. Last week the ATO stated that taxpayers with simple financial affairs could now lodge their tax returns with the Tax Office having...

  11. Esteemed accounting lecture hits 85 years

    The Annual Research Lecture facilitated by CPA Australia and the University of Melbourne marked 85 years last week. Last week, CPA Australia and the University of Melbourne marked 85 years of the collaborated Annual Research Lecture. This year the...

  12. Errors in 9 out of 10 rental claims prompt new compliance blitz

    expenses, which has seen the average claim fall by $130 over the past two years – the first time it has fallen in the last 25 years. Mr Jordan expects the estimated revenue gain for that same period to be around $600 million. Last year, the Tax Office...

    • Type: Article
    • Author: Jotham Lian
    • Category: Tax

  13. Equifax signs data agreement with ATO 

    and property services Scott Mason said the data would be incredibly valuable to customers because tax debts were often the last “bill” that businesses paid. “This means that outstanding tax debts indicate either an inability to pay, or a wilful decision...

  14. EOFY deadline hitting wealthy clients hard in 2018

    lagging just days out from EOFY, and it's those with higher balances who are struggling the most to get over the line. As of last week, 35 per cent of SMSFs were yet to lodge their annual returns for the 2016–17 financial year, despite an extension to...

  15. Enhance your advice on workers compensation amid evolving workplace changes driven by COVID-19

    insurance for themselves. Premiums are capped at 30%. icare compares your premium percentage rate for the renewal against last year’s premium percentage rate. If the percentage difference exceeds 30%, icare will cap it and your client won’t pay any more...

  16. End-of-year valuation principles for SMSFs

    property may not need an annual valuation unless a significant event occurred that may have changed its value since it was last valued. As long as the trustees are able to demonstrate that the valuation has been arrived at using a fair and reasonable...

  17. End-of-year burnout? 5 ways to turn down the heat

    us that we've hit the wall or exceeded our capacity to take on more, anything more. Each year seems to go faster than the last and with that, more responsibilities and tasks creep in, whether at work, home, or both. There are more staffing issues,...

  18. End of JobKeeper unlikely to slow employment growth: RBA

    that Australia could reach full employment by the end of 2022. The unemployment rate, which reached a pandemic high in July last year, has since fallen 2 percentage points to 5.6 per cent in March, as 71,000 jobs were added to the economy. “Of those new...

  19. Employment Contract Templates: Tips & Traps

    also updated regularly. The problem is that people often forget to look back over the terms of the contract and when it was last updated, particularly in the excitement of hiring a new employee. Out-of-date templates or internet templates can give you a...

    • Type: Article
    • Author: Simone Daniells, Andreyev Lawyers
    • Category: Business

  20. Employers’ poor record-keeping leads to $13K backpay

    In another messy visa case and following the regulator’s inquiry last year, one employer backpaid two overseas workers $13,000. The British nationals were in Australia on 417 working holiday visas and casually worked at a regional farm for four months...

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