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.
19k employers, $100m in SG declared during proposed SG amnesty period
Facing questions during the Senate estimates hearing, ATO deputy commissioner James O’Halloran revealed that the ATO has received a “10 to 15 per...
New tax ruling on ‘carrying on a business’ released
The ATO has released TR 2019/1, replacing the previous draft TR 2017/D7, setting out the Commissioner’s view on when a company carries on a...
FBT red flags marked by ATO for 2019 lodgement
Car fringe benefits will be a top item that will attract the Tax Office’s attention this year, with the agency warning against failing to report...
Coalition tax bill to hit $30b a year
The final stages of tax cuts promised by Scott Morrison's government are expected to cost the Australian purse almost $30 billion each year by...
Watchdog tips big changes for your accountant
“It is important to acknowledge that service models based on simple compliance activities will increasingly be substituted by technology — this...
Tax practitioners face new TPB 72-hour client complaint deadline
Launched last week, the new complaint resolution process will see the TPB assess complaints from a client of a tax practitioner, determine if it...
UK FCA and ASIC agree to strengthen co-operation post-Brexit
The UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) have agreed to two memorandums of...
Skilled migration cap tipped to hurt Aussie business
On Tuesday evening’s federal budget, Treasurer Josh Frydenberg released plans to reduce placements from 190,000 to 160,000 in its Migration...
Government committee hands down franking credit report
Following the announcement by Labor in March last year that, if elected, it planned to remove cash refunds for excess dividend imputation credits...
Live-streaming laws a ‘knee-jerk reaction’
While the burst of action in Parliament — on what is widely believed to be the last sitting day of Parliament before the election — was good for...
