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.
Warning shot frightens directors into action on debt
One large practice said inquiries from directors had doubled and almost all of them had received a letter from the Tax Office warning of...
Changes to single touch payroll reporting: ATO
Single touch payroll (STP) reporting has been expanded. This expansion is known as STP phase 2. The ATO said if you have employees, you will...
Small businesses and farmers demand certainty on the instant asset write-off
National Farmers’ Federation chief executive Tony Mahar said the small-business instant asset write-off was a stroke of genius by the current...
Licensed advice traps flagged as SMSF tax planning kicks off
In a recent webinar, Smarter SMSF chief executive Aaron Dunn said that with the new financial year fast approaching, SMSF professionals would be...
ATO extends consultation period on section 100A due to overwhelming response
Due to the overwhelming response to the consultation the ATO has extended the period for feedback on the matter with ATO deputy commissioner...
ACCI says government needs to address cost of doing business first
Speaking on the Today Show on Thursday (5 May), Andrew McKellar said the Prime Minister’s pledge to help create 400,000 new small-business jobs...
Qld Small Business Advisory Council members named
Minister for Employment and Small Business, Di Farmer, said the first meeting of the advisory council was held during the opening week of...
Concerns raised with ATO’s ‘black letter approach’ to legislation
In a recent submission to the Inspector-General of Taxation and Taxation Ombudsman’s (IGTO) investigation into the exercise of the Commissioner’s...
PM spruiks small-business support, but more needs to be done
However, the Council of Small Business of Australia said more needs to be done and has put forward its own list of reforms and suggestions to...
Diving in too deep: Swimming teacher jailed for GST fraud
Sasha Cordes provided false information to receive GST refunds of $97,114 to which she was not entitled. Ms Cordes also attempted to obtain a...
