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.
Coalition and Labor at odds over tax cut as Federal Parliament resumes
The Coalition has been pressuring Labor to back its $158 billion, three-stage income tax cuts since it won the May election. Read more at the...
ASIC approves updated version of the banking code
ASIC said on Friday it has approved an updated version of the Banking Code of Practice, which commenced on 1 July 2019. The changes, made at the...
TPB suspends 6 tax practitioners for failing to lodge annual declarations
In the first compliance action of its kind, the TPB issued six tax practitioners with three sanctions each on 20 June, for failing to lodge...
ATO debuts new tax return status report
In an online update, the ATO said it will soon issue a weekly tax return status email that will provide information on the actions the Tax...
Don’t rush your tax return, says ATO
The Australian Taxation Office is advising taxpayers that improvements to reporting requirements mean that some people may not receive a payment...
‘Extra care’ crucial in avoiding ATO spotlight this tax time
Speaking to Accountants Daily, H&R Block director of tax communication Mark Chapman said that a combination of factors — the publication of...
Clients warned over clearing house processing time frame
Deloitte Private partner Liz Westover said it’s very important that employers allow up to 10 days when using clearing houses to make...
ATO announces crackdown on dodgy car claims
The Australian Taxation Office (ATO) is warning taxpayers that work-related car expenses will face greater scrutiny during tax time 2019....
PM commits to red tape crackdown, modelled on Trump administration
In his first speech since winning the election, PM Scott Morrison said that he plans to go a step further in cutting red tape by transforming the...
Labor wants tax cuts fast-tracked
Labor has proposed fast-tracked tax cuts and infrastructure investment to boost the economy, in a statement issued on Monday. The party said...
