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  1. Leadership, structural changes at BDO’s Perth arm

    BDO Perth has this morning announced some leadership changes, including regarding its chief executive officer, in an effort to align itself with the mid-tier’s national structure. Mergers and acquisitions partner Peter Toll has been appointed as the...

  2. Leadership shake-up continues at Deloitte

    Deloitte has announced further changes to its leadership team, with the top four firm appointing a new managing partner of its Victorian practice. Tom Imbesi has this month taken charge of the firm's Victorian operations. As managing partner, Mr Imbesi...

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

  3. Lawyer issues reminder on tax risks with UPEs

    of the purported distributions made to them,” he said. “A failure by trustees to notify beneficiaries of their UPE may lead to the ATO applying s100A to tax the trustee at 45 per cent on any income that the beneficiary is not notified of or does not...

  4. Law changes could 'incentivise' bankruptcy

    people into insolvency," he said. "Given the high number of Australians in financial stress, these changes will lead to an explosion in the number of consumer-related bankruptcies. "But even more worrying is the fact that everyday working Australians...

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

  5. Latest tax tweaks inadequate for start-ups, accounting bodies say

    changes, calling them a “constructive step forward”, but pointed to implications for small businesses and advisers. CPA tax lead Jenny Wong said: “Further analysis is needed to understand why the government has chosen not to increase the thresholds for...

  6. Latest interest rate rise ‘making a difficult situation worse’

    services prices, and faltering consumer confidence are creating a perfect storm that, according to business and investment lead Gavan Ord, highlights the need for long-term reform. “These businesses are feeling bruised by higher fuel costs that are...

  7. Late payments drive business adoption of e-invoicing

    found, with 50 per cent of businesses saying they were a “serious threat” to survival. The survey, of over 1,000 business leaders, showed businesses were also accelerating their take-up of e-invoicing and other digital products to improve...

  8. Larger SMSF admin firms predicted to 'struggle'

    how there’s going to be a lot of profit in those businesses going forward, personally,” he said. While increasing scale does lead to some drop in prices, it depends to what extent this happens, he added. “If you have a look at the SMSF space at the...

    • Type: Article
    • Author: Miranda Brownlee
    • Category: Super

  9. Labor’s tax policy to spur SMSF structuring rethink

    Mr Fettes.. “This is something [practitioners] will need to think about moving forward, particularly if Labor’s electoral lead continues to sustain itself as we move closer to the federal election.” Mr Fettes noted that this example only looks at...

  10. Labor’s code changes an ‘assault’ on accountants: Opposition

    assistant treasurer Luke Howarth said Jones’ recent code changes were burdensome for practitioners to implement and would lead to additional costs being passed on to consumers during a cost-of-living crisis. “Assistant Treasurer Stephen Jones has...

  11. Labor unveils federal budget ahead of upcoming election

    permanent to provide an added incentive to invest and improve business.” CA ANZ Tax, Superannuation and Financial Services Leader Susan Franks said the instant asset write-off was a useful cashflow support and has been extended time and time again, with...

  12. Labor start date draws industry flak

    he said. “The mismatch will cause complications and compliance difficulties,” he continued. “The reasoning behind the lead time to the commencement date is unclear, and may result in artificially high sales activity in the lead-up.” The Tax Institute...

  13. Labor resists pressure to scrap negative gearing

    discounts would be a more effective solution. “These unfair tax handouts are driving the rental and housing crisis,” Greens leader Adam Bandt said. “They help wealthy property investors buying their seventh property and hurt renters trying to buy their...

  14. Labor launches pre-emptive attack on 'debt tax'

    has launched a pre-emptive attack on the ‘debt tax’ which is reportedly being considered by the Abbott government in the lead up to the May Budget. “Reports today indicate the government of ‘no surprises, no excuses’ is proposing a ‘debt tax’ – an...

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

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

    by the opinion that the measure should be permanent and should not be a political issue. Gavan Ord, business investment lead at CPA Australia, said the body was pleased with the extension, but permanency would encourage crucial investment. “Long-term...

  16. KPMG spies app fatigue in accounting

    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 consumers using an...

  17. KPMG recruits to boost tax services

    tax controversy services in Australia. Angela Wood, formerly a senior tax controversy partner at Maddocks law firm will lead the enhanced team and is bringing senior tax lawyers Ross Hocking and Angelina Lagan with her. KPMG said the move represents a...

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

  18. KPMG ramps up fintech moves

    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 also provides a unique opportunity for fintech ventures to work with a number of like-minded mutuals...

  19. KPMG pinches tax partner from rival big 4 firm

    KPMG Enterprise has announced the appointment of a new lead tax partner in South Australia, who is due to commence on 17 July. Adrian Lanzilli, who has over 20 years’ experience in tax, advisory and compliance services, has been appointed as lead tax...

  20. KPMG partner set to head up major super body

    that can help shape the long-term success of superannuation in Australia," ASFA chair Michael Easson said. "Martin will lead ASFA into its next period of growth, expanding its role in supporting robust policy debate and raising capability across the...

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