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.
‘We’d rather go out of business than stay’
FC Business Solutions director, Corina Vucic, told My Business of her concern at the number of franchisees seeking advice on how to break away...
Report reveals ATO ‘cash grab’ claims are not sustained
A review of accusations of "cash grabs" and improper staff incentives at the ATO has released its findings. The detailed review, spanning...
myGov client communication change rollout begins
ATO assistant commissioner Colin Walker said the agency will release the first phase of its communication preferences functionality, termed...
AAT disagrees with ATO on lump-sum assessment
In the case of Kort and Commissioner of Taxation (Taxation) [2019] AATA 336, the applicant applied for a review of a decision made by the...
ASIC acts against SMSF auditor misconduct
The actions arose following ASIC concerns about audit quality, independence issues, failures to meet the fit and proper person criteria or other...
ASIC accuses banks of dragging feet on fees-for-no-service response
The fees-for-no-service scandal was like "taking money for nothing", banking royal commissioner Kenneth Hayne said. Read more at...
New PAYG laws to place focus on on-time BAS lodgment
Late last year, new legislation to deny an income tax deduction for certain payments if the associated withholding obligations have not been...
Unregistered tax agent inflates tax deductions
On Friday, 1 March, before Justice Darryl Rangiah of the Federal Court of Australia, Kent Scott Hacker of Stafford, Brisbane, undertook to not...
Royal commission makes case for tax law simplification, says law firm
The final report of the royal commission saw Commissioner Kenneth Hayne recommending that the law be simplified, noting that “exceptions and...
ATO to knock on door of 500 Tasmanian businesses
Assistant commissioner Peter Holt said businesses that advertise as 'cash only' and businesses that are operating outside of the ATO's...
