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.
EY repays portion of COVID-19 pay cuts
EY chief executive Tony Johnson said employees who had agreed to reduce hours by 20 per cent in May or June would now receive pay equal to 1 per...
PM addresses JobKeeper successor, urges against ‘rushed’ conclusions
Following the announced sacking of 6,000 Qantas employees, PM Scott Morrison has conceded that there are sectors of the economy that will...
TPB invites comment on proposed extension of BAS services
The TPB has called for opinions on new legislation enabling BAS agents greater scope following extensive consultations which revealed that the...
Critical SMSF issues surface from new trust income rules
Last week, both houses of Parliament passed Treasury Laws Amendment (2019 Measures No. 3) Bill 2019. The bill provides advisers with additional...
ATO JobKeeper termination letters set to debut as professional bodies push back
The ATO is set to commence notifying JobKeeper business participant claimants who have been considered not to have satisfied the JobKeeper...
‘Lodge early at your peril’, IPA warns
The IPA's chief executive, Andrew Conway, has reminded taxpayers that there are a lot of new variables such as COVID-19 related payments to be...
Trust deed issue flagged with new accounting standard
A new amended accounting standard has been released by the Australian Accounting Standards Board (AASB). AASB 2020-2 will come into effect from...
Accountants warn ‘scattergun’ approach to JobKeeper changes will shatter confidence
Addressing a letter to Treasury, the joint accounting bodies have asked the government to reconsider any further changes to JobKeeper, warning...
SMSFs told to review previous reporting following new laws
With Treasury Laws Amendment (2019 Measures No. 3) Bill passing through the Senate last week and now awaiting royal assent, the ATO is reviewing...
COVID-19 fraud: What’s on ATO’s radar
The Tax Office has set out what sort of behaviour it will be targeting as it moves to zero in on wrongdoers. ATO deputy commissioner Will Day...
