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.

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.

PROFESSION • Carlos Tse

The accounting body has welcomed a new president in an announcement unveiling its latest 10-member board.

PROFESSION • Carlos Tse

The Federal Court of Australia has quashed an auditor’s appeal against the cancellation of his registration, on the basis that his responsibilities as sole engagement partner exceeded those of others involved in the audit in question.

PROFESSION • Malavika Santhebennur

Reforms to the R&D tax incentive should not be offset by measures that “arbitrarily restrict” access to the scheme, one industry body has argued.

PROFESSION • David Pitts

While many larger businesses have prepared voluntary sustainability reports for years, mandatory reporting under AASB S2 Climate-related Disclosures has required a different approach to be taken since it became effective in Australia on 1 January 2025, writes David Pitts.

PROFESSION • Carlos Tse

A director has failed in his claim that DPNs valued at almost $1 million issued to him by the Commissioner of Taxation were defective or invalid.

PROFESSION • Malavika Santhebennur

Following a review of its 2025 audit tender process with KPMG, Macquarie has cleared two non-executive directors of breaching their duties, including Michelle Hinchliffe, who admitted to having contact with key KPMG personnel during Macquarie’s audit contract bid.

PROFESSION • Carlos Tse

A taxpayer has had his legal professional privilege claim reduced and has been ordered to resubmit an expert report to support his claim that he is not a resident of Australia for tax purposes after incurring administrative penalties for returns across four income tax years.