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 warns retrospective tax cuts may not translate into cash soon
The Institute of Public Accountants (IPA) has pointed out that the unfortunate news about the retrospective nature of these tax cuts is that they...
ATO ready to implement tax cuts following Labor’s assurance
In accordance with longstanding practice, the ATO confirmed it will publish updated tax withholding schedules as soon as possible after...
‘Loss carry-back scheme would boost otherwise profitable businesses’
The Ombudsman’s comments follow media reports the federal government is considering an OECD recommendation to implement a loss carry-back...
PM flags R&D cuts walk-back
Speaking at the National Press Club on Thursday, Mr Morrison unveiled plans to invest $1.5 billion to support the future of manufacturing in...
Access to small business tax concessions expanded
For the first time, businesses with an aggregated annual turnover between $10 million and $50 million will have access to up to 10 small business...
FASEA releases August exam results
In a statement, the standards authority said 82 per cent of the approximately 1,500 candidates who sat the August exam passed, compared with an...
Independence standards to impact 54% of SMSF accountants, survey shows
Tactical Super director Deanne Firth said with in-house audits and “Chinese walls” being scuttled away with the new independence guide for...
6-member SMSFs to reduce compliance costs, says IGTO
In a submission to the Senate Economics Legislation Committee’s (Committee) inquiry into the Treasury Laws Amendment (Self Managed Superannuation...
ATO updates discretion approach to entities without an ABN
The Tax Office has now updated its Practice Statement Law Administration PS LA 2020/1 to include new examples of requests for discretion it has...
Insolvency reforms to underpin economic survival, says IPA
In welcoming the government's announcement, IPA chief executive Andrew Conway referred to them as a "true gamechanger for thousands of small...
