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PROFESSION

By Malavika Santhebennur

Clarity urged on EV FBT transitional arrangements proposal

A tax practitioners’ body has flagged concerns with the scope and clarity of the proposed transitional arrangements in the phased changes to the FBT electric car exemption bill.

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Commercial Finance Awards spotlight accounting finalists

PROFESSION • Staff Reporter

Accounting Times is proud to reveal the stellar set of accounting practices and professionals who have been named as finalists for the third annual Commercial Finance Awards.

Evidentiary DPN defence concerns: ATO needs to make leeway for individual circumstances

PROFESSION • Carlos Tse

Not all directors are appointed willingly or with a complete understanding of the company, their responsibilities, or the implications of the role, with one accounting body opposing a blanket approach to DPN administration.

Tags: News, ato, 178, director, dpn, 779

CA ANZ gives KPMG its tick of approval in recent practice review

PROFESSION • Miranda Brownlee

The review by the professional body found no deficiencies within KPMG’s systems and processes despite the firm currently being investigated in relation to allegations of serious misconduct.

Tags: News, KPMG, ca anz, review

Electric vehicle FBT draft laws riddled with issues: CPA Australia

PROFESSION • Malavika Santhebennur

The accounting body has underlined several drafting, structural, and technical implementation issues in the sustainable FBT treatment of EVs exposure draft.

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

PROFESSION • Malavika Santhebennur

The small business council has pressed the government to expand safe harbours in the innovative business CGT concession for founder-led businesses.

ANZ ends 6-decade KPMG audit partnership

PROFESSION • Malavika Santhebennur

The major bank announced not only that KPMG will no longer be its external auditor but also that it will not be eligible to bid in the tender process.

Proposed transition to EV FBT changes ‘too harsh’

PROFESSION • 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 “overly legalistic approach” that could result in impractical outcomes.

Bring back the active business test for the innovative business concession, says employer group

PROFESSION • Carlos Tse

Complex, ambiguous, significant compliance burdens, and unprecedented – the government’s proposed predominant activity test for innovative business concession lands in hot water with employers.

Grant Thornton Australia appoints new national head of forensic consulting

PROFESSION • Carlos Tse

The mid-tier firm has welcomed a new national leader of its consulting practice, succeeding Alex Bell, who spent five years in the role.

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

PROFESSION • Malavika Santhebennur

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