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.
IPA backs Treasury proposal to expand education deductions
In a Treasury Discussion Paper submission, IPA chief executive Andrew Conway indicated the IPA’s support of any initiatives that encourage...
IPA wants ‘urgent reform’ to small business CGT concessions
The SBCGT concessions are a package of four different concessions that enable a small business owner to defer or reduce capital gains on a sale...
Superannuation strategies outlined for 2021
In an online article, SuperConcepts executive manager, SMSF technical and private wealth, Graeme Colley said in terms of the year ahead, there’s...
NALI provisions still a key ‘audit challenge’
In 2019, the government passed amendments to s 295-550 of the Income Tax Assessment Act 1997 (Cth) (ITAA 1997) to reduce the ambiguity...
Small business tax system ‘crying out for simplification’
Figures from the Australian Small Business and Family Enterprise Ombudsman show that small and family businesses account for 98 per cent of all...
ATO updates online payment plans
According to the ATO, the update will see payment plans being set up with an upfront amount tailored for different clients, as well as instalment...
JobKeeper and cashflow eligibility anomalies to be addressed
The report by the Inspector-General of Taxation and Taxation Ombudsman (IGTO) recognises the good work of the ATO in this area but indicates some...
Criminal tax adviser brought to justice
Hacker and his related companies, were also fined over $640,000 for multiple offences under the Tax Agent Services Act 2009 (TASA).The Court...
Consultation: Improving technology neutrality of Treasury portfolio laws
The IPA has labeled the call for public consultation on improving the technology neutrality of Treasury portfolio legislation "timely". “If...
IPA welcomes Insurance Inquiry report
“The ASBFEO insurance report highlights the many issues facing small business owners, some of which make it impossible for them to carry on...
