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.
ATO focussing on small-business tax and collection in 2022–23
The ATO released its 2022–23 corporate plan highlighting its key focus areas and priorities over the next financial year and small-business tax...
Wages rise but inflation keeps workers poorer
The seasonally adjusted WPI rose 0.7 per cent in June quarter for the third consecutive quarter as demand for skilled jobs continued to build...
ATO audit reveals it’s doing a good job but there’s room for improvement
The audit was identified as a parliamentary priority by the joint committee of accountants and audit in 2021–22 as it was agreed that a better...
New report shows small business continuing to grow
The survey of small businesses found that as of July 2022, the average number of employees among Australian SMEs was higher than in January 2019....
Consumer confidence recovers post-rate hike drop
“There was a notable recovery in consumer confidence over the past week, with the loss in the week of the RBA’s August rate hike more than...
AAT upholds ATO decision in SMSF pension payments case
The decision, Prescott and Commissioner of Taxation (Taxation) [2022] AATA 2478, concerned the different tax treatment of pensions and lump sums...
Usage of carbon credits tipped to increase as more businesses target net zero
A new report from the Commonwealth Bank (CBA) has predicted that the use of Australian Carbon Credit Units (ACCUs) will increase due to the...
Labor following through on tax pledges, says IPA
Speaking on the latest Accountants Daily podcast, general manager of technical policy Tony Greco said the government was sticking to its word but...
Businesses buy local to tackle supply chain issues
Research by the Commonwealth Bank showed most businesses are maintaining a positive outlook regarding purchasing plans, despite the major...
Tax agent banned for 3 years for misconduct
The Administrative Appeals Tribunal (AAT) supported the Tax Practitioners Board (TPB) decision to terminate Gregory Kennedy’s tax agent...
