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.
Shorten uses budget reply speech to pitch Labor’s economic plan
Opposition Leader Bill Shorten used his budget reply speech on Thursday night to reveal Labor’s plan for the economy ahead of next month’s...
Improving black economy enforcement and offences
The measures under consideration are outlined in the consultation paper titled Improving black economy enforcement and offences. The consultation...
No more work-related expenses, time for a standard deduction says tax watchdog
The Inspector-General of Taxation's (IGT) review into the Future of the Tax Profession said such a move would make it easier for millions of...
The ‘never never’ flatter tax rates could incentivise work
From 2024–25, the government has proposed just three marginal tax rates above the tax-free threshold: 19 per cent for those earning between...
Bill extending instant asset write-off passes Parliament
The bill was passed by the Senate and the House of Representatives on Thursday morning with 18 government amendments, paving the way for the...
IGTO makes 9 recommendations following review into future of tax
Of the 28 parts of the recommendations made by the IGTO, following its research into challenges and opportunities presented by new and emerging...
Small business is ‘clear battleground’ for election: Michaelia Cash
Small Business Minister Michaelia Cash said the Coalition sees the sector as a "clear battleground" in the upcoming election, which is expected...
Budget to provide boost to small business, says ASBFEO
The most significant benefits for small business from this year’s budget are tax cuts, an increase to the instant asset write-off, increased...
Industry reaction to budget
As can be expected, there are some ranging views on the budget and the outcomes it will have for SMEs across the country if it is implemented in...
Top budget announcements impacting accountants this year
While individual tax cuts got most of the headline attention, small business owners have been handed an investment boost, with the government set...
