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.
Accountants cautioned on ‘one size fits all’ approach to trust distribution
In the face of mounting workloads and the stress that may accompany them, accountants should be wary of the concept of “specific entitlement”,...
Tax-free treatment of COVID-19 grants to be extended
Treasury Laws Amendment (COVID-19 Economic Response) Bill 2021 has now been introduced into Parliament, extending the application of the...
AFCA sticks to Supreme Court decision after rule change
Earlier this year, the Australian Financial Complaints Authority (AFCA) had amended its ability to deal with complaints and was forced to change...
Retirement eSAT for SMSF auditors delayed
The Australian Taxation Office (ATO) has decided to delay the retirement of eSAT for SMSF auditors following the successful role out of Online...
ATO set to review 85% lodgement benchmark
Speaking on the ATO tax professionals webcast on Thursday, ATO assistant commissioner Sylvia Gallagher revealed that tax agents would not lose...
ATO confirms updated personal transfer balance cap availability date
The ATO has announced that the updated personal transfer balance cap will be available online from 5 July 2021. Read more at SMSF...
SMSFs flagged on planning opportunities for EOFY concessional contribution strategies
Approaching this end of the financial year, SMSFs can seek to maximise concessional contributions (CCs) by making personal deductible...
Ongoing fee reforms a positive step: Hume
In a letter to Western Australian senator Linda Reynolds, financial services minister Jane Hume said the government was “committed to enhancing...
New client verification standards require education: IPA
The Institute of Public Accountants believes the ATO’s new guidelines on client verification are a step in the right direction, but has urged the...
Superannuation rises could come at the cost of wages
Some employers are looking for ways to avoid passing on legislated super rises to their workers. Read more at the...



















