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Deloitte tips Australia will need to cut spending and raise ‘some’ taxes shortly

Deloitte tips Australia will need to cut spending and raise ‘some’ taxes shortly

by Shared by nestegg | May 3, 2021 | News

While Australia’s recovery has been termed “remarkable”, with official forecasts left well behind, the country is not out of the woods yet, with Deloitte warning that we will need to save an equivalent of $40 billion a year to get the budget back into balance. Read...
Taxpayers urged to keep work-from-home records

Taxpayers urged to keep work-from-home records

by Shared by Accountants Daily | May 3, 2021 | News

“Although Australia has fared well throughout COVID, our working patterns have changed in step with the rest of the world, as expected,” said David Tomasi, chairman of Moore Australia. Read more at the Accountants Daily. 
Calls to revamp Business Innovation and Investment Program

Calls to revamp Business Innovation and Investment Program

by Shared by MyBusiness | Apr 30, 2021 | News

Atlas Advisors Australia has issued a statement surrounding changes to the Complying Investment Framework (CIF) for the Business Innovation and Investment Program (BIIP) ahead of the 1 July crossover where the BIIP will be simplified from nine to four streams,...
ATO to review ‘thousands’ of JobKeeper, cash flow boost denials

ATO to review ‘thousands’ of JobKeeper, cash flow boost denials

by Shared by Accountants Daily | Apr 30, 2021 | News

The ATO has now committed to automatically reviewing decisions where it denied businesses access to JobKeeper and the cash flow boost based on its erroneous interpretation of its discretion to grant further time for a business to hold an ABN or provide notice to the...
‘This will be another pandemic budget’: Frydenberg

‘This will be another pandemic budget’: Frydenberg

by Shared by nestegg | Apr 30, 2021 | News

“We will not move to the second phase of our fiscal strategy until we are confident that we have secured our economic recovery,” Mr Frydenberg said.  Read more at nestegg.
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