Browsing: Accounting

Earlier this month, the High Court of Australiadismissed the Commissioner of Taxation’s appealin Bendel, with the majority of the bench ruling against its take on unpaid present entitlements (UPEs). At the time, the ATO said it welcomed the decision and would consider the implications “as soon a…

Rene Georges Pentecost, a former in-house accountant for the RS Group, claimed to have been duped into investing in its holding company, Rapid Securities, by its founders in 2017, including in alleged conversations where he was told it would be worth $100 million. About three years later, Rapid Secu…

Washington, D.C. (RFD News) —States could face new budget pressure after USDA reported a national Supplemental Nutrition Assistance Program payment error rate of 10.62 percent for fiscal 2025. The department says the rate includes both overpayments and underpayments and represents $10.1 billion in…