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.
Accounting firm banned for five years for misleading the ATO
The TPB has terminated Associates Vic Pty Ltd, trading as Brown Baldwin and Associates (BBA), and imposed the maximum five-year ban. During the...
Concerns raised with SMSFs self-assessing for early release
In an online article, Heffron SMSF Solutions senior SMSF specialist Alex Denham said the ATO has long flagged concerns about illegal early...
Banks implement next stage of COVID-19 loan deferrals
In this next phase of the banks' COVID-19 deferral offer, customers who can restart paying their loans will be required to do so at the end of...
ATO responds to investigation into death and taxes
The Inspector-General of Taxation and Taxation Ombudsman (IGTO), Ms Karen Payne, has released a report on her investigation into ATO systems and...
Businesses voluntarily opting out of JobKeeper for fear of the ATO
MyBusiness has learnt that businesses across Australia that have seen revenue recovery in June are choosing to voluntarily pull out of the...
ASIC flags COVID-19 financial reporting focus
ASIC has now provided further information on focus areas for financial reporting in the COVID-19 environment for years ended 30 June 2020. Read...
AFCA receives record number of complaints in FY19-20
People made 80,546 complaints to AFCA between 1 July 2019 and 30 June 2020, up 13.7 per cent compared with a year earlier, with AFCA successfully...
ATO cautioned as it eyes debt collection restart
The Tax Office has earmarked August and September as potential time frames to restart its tax debt collection activities, after it hit pause on...
More than 6,500 applications for JobKeeper rejected due to ineligibility or fraud, ATO says
As the Federal Government undertakes a review of its $70 billion JobKeeper wage subsidy, the ATO told ABC News 3,000 staff would be doing ongoing...
Major bank falls prey to $8m underpayment
A review of Westpac’s payroll and long service leave arrangements has revealed the underpayment of long service leave entitlements. Read more at...
