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.
Tax mix to rely more heavily on income tax as the Treasurer ducks austerity
The federal government on Monday released its 2021 Intergenerational Report (IGR), the fifth of its kind, which forecast slowed growth for the...
FBT exemption for retraining employees locked in
The exemption will not extend to retraining provided under a salary packaging arrangement or to costs for which an income tax deduction is...
Work begins to establish Financial Regulator Assessment Authority
The Financial Regulator Assessment Authority Bill 2021 has been passed, fulfilling recommendations 6.13 and 6.14 of the Royal Commission into...
Tax time 2021: Lodge early at your peril
“There are always lots of variables such as COVID-19 related payments to be considered in submitting tax returns for the 2020-21 financial year,”...
New report finds new female advised clients now outnumber men
The percentage of females serving as the primary account holder has also jumped up from 33 to 39 per cent, with the fastest-growing age groups...
‘A war for talent’: Accountants prioritised under skilled migration list
Immigration minister Alex Hawke on Tuesday added 22 occupations to the Priority Migration Skilled Occupation List (PMSOL) aimed at filling...
Ramping up your in-house bookkeeping services? You need to read this.
With more accounting firms buying into bookkeeping practices, or hiring their own bookkeeping teams, it’s important to understand how you will...
ATO ‘making tax easier’: Here’s a list of support pathways
The Australian Taxation Office (ATO) is working on “making tax time easier”, with assistant commissioner Tim Loh reassuring taxpayers that no...
Advisers ‘concerned’ late compliance changes will impact FASEA exam
The changes come into effect on 1 July ahead of the commencement of the FASEA exam on 15 July. Speaking to ifa, myIntegrity in Practice principal...
Tax assessment disputes require ‘satisfactory evidence’: AAT
Appearing before the tribunal last week, property developer Jason Behrndt objected to the ATO’s assessment of $470,000 in tax owed for the 2009,...
