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.
‘Gone are the days of in-house audits’, ATO warns
ATO director Kellie Grant said the SMSF industry should be approaching the restructured code and APESB independence guide for auditors by simply...
Treasury passes the buck on cash-flow boost anomaly
Treasury deputy secretary Jenny Wilkinson told a Senate inquiry that the department did not explore the cash-flow boost’s restrictive tax notice...
ASIC imposes conditions on 2 SMSF auditor registrations
In a public announcement, ASIC said it has added conditions to the registration of two SMSF auditors, William Krammer of Victoria and Yuk Wong of...
IPA calls for holistic tax reform to drive economic growth
With the federal budget due to be handed down in less than three weeks, the IPA is expecting the government to deliver business incentives, tax...
Alternative tests ‘still apply’ for JobKeeper extension
The ATO is poised to introduce guidance around the JobKeeper extension alternative tests this week after the Treasurer’s rules and the...
Early release amounts for SMSFs climb to $341m
Based on recent ATO data, as of 12 August 2020, there have been 3.97 million approved applications for early release of super, totaling over...
5km rule clarified for Melbourne accountants, bookkeepers
The Victorian Department of Jobs, Precincts and Regions has now confirmed that metropolitan Melbourne accountants and bookkeepers will be allowed...
Fair Work sets out JobKeeper legacy rules for tax agents
Following the extension of the JobKeeper payment to 28 March 2021, the government has allowed businesses no longer receiving the wage subsidy to...
Tax Office sheds further light on ‘routine and mechanical’ services
Earlier this year, the Accounting Professional & Ethical Standards Board, in collaboration with the accounting bodies, published a new...
Advisers brace for ATO JobKeeper guidance
Treasurer Josh Frydenberg has registered the rules governing the JobKeeper extension just two weeks before the changes are scheduled to take...
