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.
ATO apologises for database failures
The ATO’s legal database has been experiencing technical difficulties in recent months, with issues such as unavailable pages and loading errors...
Small business ombudsman welcomes step forward on franchising reform
The government’s proposal forms part of its response to the parliamentary joint committee inquiry into the Franchising Code of Conduct. The...
In-house SMSF audit services ‘not worth the risk’, says law firm
Recently, there were changes made to the APES 110 Code of Ethics which address the issue of SMSF auditor independence. Read more at SMSF...
Petition launched to remove barrier to cash-flow boost and JobKeeper
The petition asks for a change in legislation, which is currently preventing some businesses from accessing the government’s cash-flow boost...
TPB-ATO independence in the firing line as terminations spike
High-risk practitioners, including those with outstanding personal tax obligations, have long been on the TPB’s radar, leading to a 129 per cent...
ATO confirms director ID regime to be introduced in early 2021
The ATO has published its corporate plan for 2020-21, setting out eight strategic initiatives that it will prioritise over the next year. Among...
Business owners shudder following hints ATO could be doing their BAS
Speaking on a recent Work with Purpose podcast, hosted by the Institute of Public Administration Australia, Commissioner of Taxation Chris...
ASIC swoops on auditors over experience requirements
Following a recent review, ASIC said that 36 SMSF auditor registrations have been cancelled and conditions have been imposed on a further six...
TPB zeroes in on high-risk practitioners attempting to defraud stimulus measures
The TPB has outlined three strategic objectives to achieve in 2020-21, including to protect consumers of tax practitioner services, enhance the...
Over 650,000 members lose insurance from early super
Research house DEXX&R’s Market Projections Report projected total group insurance premiums for the year to fall by $226 million by December...
