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.
Government to ease in ABN changes
As part of the 2019–20 federal budget, the government announced some proposed changes to the ABN system which would require clients with...
RBA considering ‘radical’ stimulus: Economist
Speaking recently at a media briefing in conjunction with Seek, ahead of the release of latest job ads figures, NAB economist Kieran Davies —...
Tax cuts curb bracket creep for high earners
Analysis of the $158 billion plan confirmed the cuts are likely to preserve the proportion of tax higher income earners currently pay, showing...
Major bank finds 90% of accounting firms are aiming for launches
A new report by Commonwealth Bank on the Australian accounting sector shows that 59 per cent of accounting firms hold a positive view on business...
‘Cash in hand’ payments to workers no longer tax deductible, ATO says
This new measure will take effect for payments made to workers from 1 July 2019 for income tax returns lodged for the 2020 income year onwards...
ASIC cautions of major financial reporting changes ahead of 30 June
Full-year reports at 30 June 2019 must comply with new accounting standards on revenue recognition and financial instrument values, including...
ATO sounds deductions warning ahead of tax time
Last year, the ATO released its first ever Individuals not in business tax gap report, revealing an $8.7 billion gap caused primarily by...
Tax and BAS agent portals set to shut down by March 2020
Speaking on an ATO webcast, assistant commissioner Colin Walker said that with AUSkey set to be replaced by myGovID and the Relationship...
Silver lining in new withholding obligation law
Last year, new laws passed, introducing new legislation to deny an income tax deduction for certain payments if the associated withholding...
Tax agent struck off after $36m debt
Peter Moltoni will be unable to practice as a tax agent during this time after a series of events including the ATO claiming he had tens of...




















