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EY’s latest policy ties down workers with newborns

Carlos Tse | 1 minute read

In its latest policy change, from 1 July, the big four firm will require its employees to repay the equivalent of eight weeks of paid parental leave if they resign within 12 months of using the firm’s 26-week benefit. ...

Sweeping reforms to R&D tax incentive ‘inconsistent’, ‘arbitrary’: BDO
Accountants headed for 'biggest tax planning period in years', says H&R Block

The budget changes will create significant strategic review activity for clients, the accounting firm has said.

KPMG partner admits to inappropriate access to documents in procurement of major Westpac contract
‘Missed opportunity’: Budget to bring long-term surplus, short-term inflation, says CBA
Your client base is full of financial abuse – here's what to look for

The accounting profession prides itself on acting in clients' best interests. This month is an invitation to ask whether our processes actually reflect that for both people in the room, writes Shaye Thyer, FCA. ...

Government to make major changes to FBT exemption for EVs

Employees wishing to take advantage of tax concessions withs EVs and salary packaging should focus on lower value vehicles and act soon, says BDO.

ATO to target misleading advice, aggressive sales tactics in R&DTI space

The Tax Office has outlined the areas currently on its radar with research and development tax incentive claims and encouraged tax professionals to report any dodgy R&DTI advice being promoted. ...

‘Technical advice alone is no longer enough’ post-budget
An adviser warning with prohibited share self-ownership

One key issue which advisers must be aware of when reviewing existing structures or establishing new entities is that, under the Corporations Act, companies are prohibited from owning shares in themselves, writes Matthew Burg...

ASIC issues call to action regarding AI cyber risks
Tax trust changes could spark further administrative burden: Corrs

Practitioners must watch closely for policy changes regarding the taxation of trusts, as any changes are likely to add further administrative burden for clients, the law firm says.