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.
Demand for SMSF loans remains steady amid economic downturn
Thinktank director Per Amundsen said despite ATO data suggesting a levelling off in the number of new LRBAs after years of strong growth,...
Royal commissions a result of government distrust: Hayne
Addressing Victoria University’s Sir Zelman Cowen Centre for legal training on Wednesday, Mr Hayne said the degradation of political debate and...
ATO pencils October start date for tax audits
ATO second commissioner Jeremy Hirschhorn told a Senate Select Committee on COVID-19 last week that the Tax Office has refrained from initiating...
860,000 businesses hit with ATO compliance letters
The ATO has now confirmed that it has begun contacting 860,000 business owners through emails and letters to “encourage them to assure themselves...
Regulator braces for waves of COVID-19 insolvencies
With $274 billion in mortgages and small business loans deferred as an emergency response to the pandemic, ASIC commissioner Sean Hughes told a...
ATO clarifies tax treatment on deferred loans
On its website, the ATO said it considers a debt to be forgiven for tax purposes if, generally: The debtor is somehow relieved from the legal...
Melbourne-based accountants to shut their doors from Wednesday
Victorian Premier Daniel Andrews has confirmed that professional firms, including accountants and legal services firms, will not be permitted to...
COVID-19 trading conditions could lead to more TPAR businesses: ATO
ATO assistant commissioner Peter Holt said ongoing coronavirus restrictions have seen businesses pivot and contract out more services,...
MyGov troubles arising with early release of super
SMSF Association deputy chief executive Peter Burgess said some SMSF trustees have been encountering problems with the myGov screens when...
New details on applying for JobKeeper 2.0 revealed
The government recently confirmed JobKeeper 2.0 will kick off on 28 September as a two-tiered, scaled-down scheme with a six-month lifespan. Read...
