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.
‘Name and shame’ proposal for tax dodgers cops backlash
Last week, Labor announced that if it came into government, it would introduce measures to allow the commissioner of taxation to “name and shame”...
SIS Act ‘due for overhaul’, says APRA
In a recent submission to the royal commission, the Australian Prudential Regulation Authority (APRA) defended the current regulatory...
More administrative hurdles flagged with work test exemption
In a submission to Treasury on the work test exemption for recent retirees, the Financial Services Council (FSC) said further consideration is...
Impact of the GDPR on Australian businesses
Even if you merely monitor your clients’ behaviour when they are travelling in the EU, you’ll need to comply with the GDPR. The GDPR expands the...
ATO boss points to ‘misunderstanding’ in tax agent frustrations
Mr Jordan has long heralded a shaky future for “high-volume, low-margin, simple tax returns,” and he reiterated that message in Sydney yesterday...
IPA urges accounting bodies worldwide to step up
A panel of experts gathered at one of the pre-sessions of the World Congress of Accountants in Sydney yesterday to discuss the relevance of...
‘I want grace’: Assistant Treasurer fields tax agents’ ATO gripes
At the IPA’s National Congress last week, Assistant Treasurer Stuart Robert fielded a question from an audience member who complained of the poor...
ATO highlights simple GST reporting mistakes
According to the ATO, the most common GST reporting errors are: Read the full article at My...
ATO surveillance sees hundreds of SMSF ABNs cancelled
ATO assistant commissioner Dana Fleming said that as part of the ATO’s compliance program called “secure the front door”, the ATO applies an...
Experts warn 7A tax law changes will cost business thousands
"All of a sudden, at a time when businesses are already stressed, there will be an added uncertainty," says Ashley Davidson, executive director...
