Academics slam SMBs’ discretionary trust as ‘totally tax-driven’

Profession • By Carlos Tse

Tax-driven, unnecessarily expensive, and unfair is how academics categorised discretionary trusts to the Senate when ...

Tags: News, tax, discretionary trust, 179, academic, 518, trust, 891, 685, senate economics legislation committee, academics

Treasury reports progress towards 2030 net zero target

Profession • By Carlos Tse

The federal government has released its climate reporting results as large entities continue work towards mandatory ...

Tags: News, climate reporting, report, treasury, war, 460, 319, 436, reports, 867

BDO Australia pulls former KPMG Australia partner out of retirement, appoints new national government leader

Profession • By Carlos Tse

The mid-tier firm has welcomed a new government and public sector national leader and consulting team partner to its ...

Tags: News, government, partner, BDO, Australia, KPMG, 348, 285, 352, 177, retirement, 340, appointment, 687, bdo australia

A dram of Laphroaig and a Lamborghini: Accountants make dodgy deal to extract $420k from client

Profession • By Carlos Tse

Two accountants have been found to have breached their fiduciary duties owed to their client after they urged him to ...

Tags: News, tax, AI, 344, accountants, 645

Director faces $250k in penalties, 15-year disqualification for swindling First Nations customers

Tax • By Carlos Tse

Directors have been caught red-handed for operating a funeral insurance scheme that saw unaffordable premium increases ...

Tags: News, ASIC, director, disqualification

Moore Global appoints new chairman

Profession • By Carlos Tse

The global accounting network has promoted the chairman of its Australian operations to lead the network’s board, as ...

Tags: News, AI, chair, moore global, 344, 413, appointment, 479

Major Victorian energy supplier fails $1.4m adjustment claim against nearly $20m in penalties

Profession • By Carlos Tse

Accruing $16 million in payable guaranteed service level payments to customers, a major Victorian energy supplier ...

Tags: News, Federal Court, AI, energy, gst, 344, claim, 398, 624, victoria

RBA unveils latest cash rate decision

Economy • By Carlos Tse

Following last week’s inflation jump, the latest interest rate decision has been unveiled by the RBA against the ...

Tags: News, Reserve Bank of Australia, RBA, cash rate call, inflation, cash rate, latest, 197, 263, 629

KPMG Australia tight-lipped on reported 400 job cuts

Profession • By Carlos Tse

The big four firm has not yet confirmed the veracity of reports of up to 400 layoffs later this month.

Tags: News, report, Australia, KPMG, 348, 352, 319, job cuts, layoffs