Insights
Cloud computing implementation costs may impact P&L accounts for June 2021 year-ends, following new ruling
Many ASX 200 companies may have to put expenditure incurred during the implementation of a cloud computing supplier arrangement into their profit and loss account for the...
Challenging inclusivity in a woke world
In September last year, I was asked to present at PKF’s International Assurance and Tax Meeting, discussing how individuals fit within, represent and enhance organisati...
Clarity on tax residency a win for expats — but watch out for the detail
The proposed modernisation and simplification of the tax residency definition for individuals is long overdue.
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Post-budget reflections
The federal budget 2021–22 was handed down by the Treasurer, the Hon Josh Frydenberg MP, on 11 May 2021. This article considers the key issues as we wait for the legisl...
Simplifying award compliance with technology — federal budget announcement
Regulators are considering how technology can be used to ensure employers are paying their people correctly.
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‘Freezing orders’ — commissioner’s recent win
This case is a reminder of the breadth of the debt recovery methods open to the commissioner, as discussed by KPMG’s Jacqueline McGrath and Kristie Schubert.
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Federal budget 2021: Old jobs, new tricks?
Inside the budget lock-up on Tuesday evening, the pervasive sense was that other than pre-announced policies including large provisions for aged care and childcare, there...
Director ID numbers: Another weapon to extinguish costly illegal phoenixing
It’s been a long gestation, but the federal government’s new ‘baby’– the Director Identification Number scheme (DINs) – finally has a ‘due’ date: November...
Asset betterment: operation, obligation and onus
The recent decision in Le v Commissioner of Taxation has renewed attention on the ATO’s use of assessment betterment statements. This article explains the operation of ...
Time to simplify accounting for goodwill and intangibles
New research on the treatment of goodwill highlights the need to radically simplify accounting practices and why amortisation, which we said goodbye to a couple of decade...
2 out of every 5 small businesses experience a cyber-security incident — here’s what you can do to protect your business
For many businesses that are heading back into the office and shaking off the dust from 2020, it’s now a great time to implement new processes and systems, especially i...
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