TOPIC
The 2026 global economy: nervously muddling through
The world economy enters 2026 in a nervous state. Volatility and cautious consumers are the norm, even though growth has proven surprisingly resilient.
New rules target non-withholding businesses
Last week, the Treasury Laws Amendment (Black Economy Taskforce Measures No. 2) Bill 2018 passed both Houses of federal parliament, introducing...
Five-point plan for post-Brexit ‘New Economy’
BDO recently unveiled a five-point plan to support mid-sized business post-Brexit, stressing the need for a greater focus on skills, simplified...
Accountant linked to Plutus tax scam sentenced for laundering drug money
The NSW District Court sentenced Philip Scahill to 13 years, with eight-and-a-half years non-parole, for laundering more than $750,000 for a...
Budget to get back into surplus by next financial year, Deloitte Access Economics forecasts
That could mean both political parties spend more money to woo voters ahead of next year's federal election. Read the full article at The ABC....
Director who owed $200k-plus to ATO gets good behaviour bond
Queensland man Allan Ronald Saunders, initially faced court in September on 13 charges relating to phoenix activity. Read the full article at...
40k funds to face compliance scrutiny for non-lodgment
ATO assistant commissioner Dana Fleming said the tax office would be dealing with about 39,000 non-lodging SMSFs following its work with such...
Phoenix operator sentenced following ATO investigation
The District Court of Western Australia convicted business owner Sung Jae Cho of 20 charges under the Criminal Code, including obtaining a...
Changes made to employee share scheme
Under the altered regime, the government said it proposes to simplify and extend the initiative by: creating a dedicated exemption for...
Federal Court dismisses tax agent appeal
Last week, Justice Logan of the Federal Court dismissed the appeal by Philip Ham, upholding the Administrative Appeals Tribunal (AAT) decision...
Labor wants to name and shame dodgy phoenix directors
Labor, if elected, would grant the Tax Commissioner the powers to name and shame individuals and entities as a penalty for the most serious tax...
