Expand IBCC safe harbours for ‘bootstrapped’ businesses, says COSBOA

Profession • By Malavika Santhebennur

The small business council has pressed the government to expand safe harbours in the innovative business CGT concession ...

Tags: News, CGT, tax, legislation, Business, tax reform, small business, innovation, budget, federal budget 2026, research and development, capital gains tax, taxation, ibcc

ANZ ends 6-decade KPMG audit partnership

Profession • By Malavika Santhebennur

The major bank announced not only that KPMG will no longer be its external auditor but also that it will not be ...

Tags: News, partner, KPMG, auditing, audit, misconduct, audit reform, partnership, audit regulation, macquarie bank

Proposed transition to EV FBT changes ‘too harsh’

Profession • By Malavika Santhebennur

CA ANZ has argued that the draft legislation to transition from the EV FBT exemption to a 25 per cent discount takes an ...

Tags: News, tax, legislation, employment, tax reform, budget, ca anz, employer, federal budget 2026, fiscal position, fiscal, taxation

‘More like an obstacle course’: Business network pans IBCC draft laws

Profession • By Malavika Santhebennur

The Australian Chamber of Commerce and Industry has argued that the IBCC is “far too complex” while the definitions are ...

Tags: News, CGT, legislation, Business, small business, australian chamber of commerce and industry, law, CGT concessions

Trimming R&D tax incentives a ‘big hit’ to businesses

Profession • By Malavika Santhebennur

Two of the proposals in the government’s draft legislation to reform the R&D tax incentive could slow investment ...

Tags: News, tax, Business, tax reform, small business, budget, federal budget 2026, research and development, tax incentive, accounting, taxation

R&D investment rises to $17bn: ATO

Profession • By Malavika Santhebennur

The ATO’s data has revealed that almost $17 billion was invested in qualifying research and development by companies in ...

Tags: News, ato, tax, tax reform, small business, budget, federal budget 2026, research and development, tax incentive, investment, taxation, public companies

Alarm raised on innovative business CGT concessions tests

Profession • By Malavika Santhebennur

A tax specialist has said some of the proposed tests that businesses need to pass to qualify for innovative business ...

Tags: CGT, legislation, Business, AI, small business, mid-tier, federal budget 2026, research and development, asset, CGT concessions, small accounting firms

Audit expert urges 10-year audit firm rotation

Profession • By Malavika Santhebennur

A consultant has called for entities to appoint a new audit firm every 10 years with a five-year cooling-off period ...

Tags: governance, firm, auditing, audit, 381, audit reform, 510, audit ref

Inoculate KPMG, auditors against ethical blindness, academic says

Profession • By Malavika Santhebennur

A governance adviser has urged the PJC to consider how to inoculate KPMG and all other auditors, accountants, ...

Tags: News, AI, KPMG, audit, ethics, academic, asx, auditor