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.
Government targets fund expenditure, best interests in new super reforms
Earlier this month, Treasury released exposure draft legislation and explanatory materials for its Your Future, Your Super package for...
Tax, BAS agent education standards set for overhaul following landmark review
The independent review of the TPB, chaired by Keith James, has now been released by the government and contains wide-ranging recommendations...
Government to begin to separate TPB from the ATO
The government has accepted 20 of the 28 recommendations made by the independent review of the TPB, led by tax stalwart Keith James, which looked...
Accountants see surge in ethics ranking
The Governance Institute of Australia’s annual Ethics Index has found that accountants are now considered as the fourth most ethical profession...
ACT trials voucher program to give local businesses a boost
The ChooseCBR digital discount voucher initiative is designed to encourage spending at local businesses. Read more at...
Fresh research challenges ASIC guidance on SMSF costs
In a new report, Costs of Operating SMSFs 2020, the SMSF Association and Rice Warner conducted research to determine the minimum cost-effective...
GST fraudster sentenced over multimillion-dollar scheme
Michael Ray, a 38-year-old fraud syndicate member, was sentenced to five years imprisonment on Monday, with a non-parole of three years, after...
ATO finalises SGC Part 7 penalty remission guidelines
Practice Statement Law Administration 2020/4 has now been issued by the ATO, replacing the withdrawn PS LA 2019/1. Read more at SMSF...
Underreported BAS sales leads to 2.5 years in jail
Appearing before the Brisbane District Court last week, Ben Ogden was found to have underreported sales income across four quarterly business...
Auditors in financial advice firms warned on independence threats
ASF Audits head of education Shelley Banton said for firms offering financial planning advice as well as SMSF audit services for the same...
