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.
ASIC may name accounting firms that fall short on audit quality
But the Australian Securities and Investments Commission has yet to decide on the thresholds it will use when determining if a firm has fallen...
New tax dispute solutions to create ‘supportive environment’ for small business
The small business concierge service within the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has been launched, giving...
ATO set to contact SMSF clients over focus areas
ATO assistant commissioner Dana Fleming said that while there are a few different areas that the ATO is monitoring following the reforms to the...
Parliamentary inquiry makes 37 recommendations to ATO
The House of Representatives standing committee on tax and revenue's review of the ATO's annual report 2016–17 has resulted in 37...
Changes to business registers, director IDs tabled
The Commonwealth Registers Bill 2019 is aimed at modernising the administration of business registers, which at the moment is found in the...
Poll shows over 80% of accountants favour a Liberal government
A straw poll of 1,207 accountants has revealed that 82.1 per cent of respondents believe the Australian Liberal Party will deliver better tax...
Majority of investors say audit quality is ’above average’
The as-yet unpublished survey by the Financial Reporting Council, a body responsible for oversight of accounting standards, also found another 33...
Government’s Protecting Your Super package must progress, says IPA
"Fee-gouging, particularly by the large superannuation entities, has to be dramatically wound back if we are to encourage a culture of...
ASIC consults on updating its responsible lending guidance
ASIC has issued a consultation paper to update its guidance on responsible lending and is seeking feedback on proposed changes. ASIC’s guidance...
Stricter action in the works as 1 out 3 tax practitioners unresponsive to ATO lodgment letters
The Tax Practitioners Board and the ATO have released preliminary findings from its debt and lodgment program for tax practioners who have...
