By Malavika Santhebennur
R&D tax incentive time limit does not reflect realitiesRestricting access to the refundable offset to the first 10 years of an entity carrying on an enterprise does not account for the time some companies take to reach profitability, one industry body has argued.
Tags: News, tax, legislation, Albanese Government, technology, budget, Jim Chalmers, federal budget 2026, research and development, tax incentive, submission
PROFESSION • Carlos Tse
New research has found that some of Australia’s largest companies only addressed less than 40 per cent of a modern slavery disclosure framework based on international standards.
Tags: News, disclosure, 697, modern slavery, large companies, monash university
PROFESSION • Carlos Tse
The mid-tier firm has confirmed that it will make a “small number” of executive assistant layoffs, while establishing a partnership with a Philippine labour vendor to potentially offshore some of these roles.
PROFESSION • Malavika Santhebennur
The mid-tier accounting firm has confirmed that it made a handful of redundancies in May in its clients and markets team but stressed that the roles did not move offshore.
Tags: News, BDO, Australia, lay offs, redundancy
PROFESSION • Carlos Tse
Three entities have lost their bid against their liquidator after the latter proved they were too intertwined to not be considered a pooled group for the purposes of winding up.
Tags: News, ato, fte, liquidator, 178, 523, winding up, 578, pooled group
PROFESSION • Carlos Tse
Executive assistants in the Australian firm are being expected to spend three-fifths of their working week in the office, as PwC Australia says it will be good for collaboration and connection.
PROFESSION • Malavika Santhebennur
In an update on its action plan first released in June, the beleaguered accounting firm has committed to bolstering financial consequences for serious misconduct.
Tags: News, partner, governance, KPMG, Big Four, independent, auditing, whistleblower, audit, big 4, misconduct, ethics
PROFESSION • Carlos Tse
The accounting body has asked the ATO to provide greater detail in its draft ruling on its work-related expenses standard deduction, which is projected to impact nearly half of all taxpayers.
Tags: News, ntaa, 527, standard deduction, wre
PROFESSION • Carlos Tse
One lawyer says that directors must act promptly when faced with director penalty notices, dispelling the common misconception that if a director lodges after receiving this notice, they will crystallise their liability.
PROFESSION • Malavika Santhebennur
A damning new report has revealed widespread perception among the accounting firm’s employees that challenging leadership and raising concerns could carry severe but subtle costs.
Tags: News, report, governance, KPMG, whistleblower, confidential data, culture
PROFESSION • Carlos Tse
The accounting body has welcomed a new president in an announcement unveiling its latest 10-member board.
Tags: News, appointments, CPA Australia, Australia, 348, latest, 311, 629, board