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.
Senator Hume flags compensation scheme of last resort
A compensation scheme of last resort would allow consumers to be compensated when they had experienced misconduct and lost out to a financial...
Accountants increasingly exposed to bad debts, says insolvency regulator
The Australian Financial Security Authority (AFSA) has marked accountants as one of six common businesses that are highly exposed to trade credit...
ATO tells employers to update their payroll processes to apply tax cuts
“It’s time for employers to update their payroll processes to apply tax cuts,” the ATO has said, having updated tax withholding schedules to...
Taxpayer granted full release of $130k tax debt on serious hardship grounds
Mr Cox, who was previously a subcontractor in the building industry and was currently receiving the Newstart Allowance, had accumulated $134,302...
Clients warned on hasty decisions on super after new tax cuts
In an online article, Heffron senior SMSF specialist Alex Denham explained that reductions in personal income taxes can have an indirect impact...
Commissioner registers new JobKeeper alternative test
The Coronavirus Economic Response Package (Payments and Benefits) Alternative Decline in Turnover Test Amendment Rules 2020 sets out two...
ATO readies to implement tax cuts, employers on standby
After the government’s Stage 2 tax cuts breezed through Parliament on Friday, the ATO has confirmed the updating tax withholding schedules will...
Tax cuts expected shortly for employers and employees as tax bill sails through Parliament
Treasury Laws Amendment (A Tax Plan for the COVID-19 Economic Recovery) Bill 2020, which consists of five tax measures announced in Tuesday’s...
Further technical detail needed on new super measure
As part of its Your Future, Your Super package, the government revealed plans in the federal budget on Tuesday to staple existing superannuation...
Cheaper childcare, manufacturing shake-up headline Labor’s budget plans
Mr Albanese announced a Labor government would introduce the Working Family Childcare Boost, scrapping the subsidy cap of $10,560 per child...
