KPMG staff back on full pay as work keeps coming

Thu, 23 Jul 2020

Accounting firm KPMG has ended its covid-19 salary sacrifice two months early, citing a better workflow than expected. In April, BusinessDesk revealed KPMG had asked staff to take a 15 percent pay cut, calling it a “salary sacrifice,” needed since it doesn’t qualify for the government wage subsidy. The firm also said it would cut partner drawings by 20 percent-to-40 percent, a move in line with two other big four accountants, EY and PwC. However, those other firms have not disclosed how much their reductions are. KPMG’s salary sacrif...

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