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.
ASIC reports on SMSF auditor registrations for FY2020–21
In its Licensing and Professional Registration Activities Report for 2020, ASIC stated that between July 2019 and June 2020, it received a total...
Tax watchdog cracks open cash flow boost, JobKeeper anomaly case
These genuine new businesses have found themselves ineligible for the stimulus measures because of a restrictive integrity rule, which requires...
Insolvency experts urge caution as stimulus end date nears
31 December marks the end of the insolvent trading moratorium, temporary increase in the statutory demand threshold, the first tranche of...
Tax implications of Biden win for SMSF properties in US
Speaking to SMSF Adviser, Withers Bergman partner Marsha Dungog explained that with Joe Biden planning to increase the capital gains tax rate,...
Small-business owner takes JobKeeper eligibility dispute to AAT
On Melbourne Cup Day, the Administrative Appeals Tribunal fast-tracked a small-business owner’s appeal over a rejected JobKeeper application....
FASEA urged to fix ‘incompatible’ wording in guidance
Last month, FASEA released a draft Code of Ethics Guide for consultation, which provides an explanation of the intent and application of the...
ATO addresses outsourcing queries with auditor independence
A number of specialists in the SMSF industry have been seeking further guidance on what the ATO’s position is in regard to arrangements where a...
Federal Court imposes $40k fine on unregistered tax agent
Arlene Caolboy of Melbourne, told the Federal Court in an affidavit that she had begun acting as an unregistered tax agent in December 2015,...
ATO flags processes for early super release during shutdown period
In an online update, the ATO said that ATO offices will generally be closed from midday of 24 December 2020 to the start of business on 4 January...
Accounting firm cops fine in accessorial liability case
The Federal Circuit Court has ordered Keith Golding & Associates Pty Ltd to pay a $5,000 penalty for its involvement as an accessory for its...
