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.
Car expenses rate rise confirmed
The ATO will now raise the cents per kilometre deduction rate for motor vehicle expenses to 72 cents for the income year starting 1 July 2020....
Government told to lean on accounting profession when legislating stimulus measures
In its submission to the government, the IPA has argued that although it is mindful of the speed in which the government had to respond to the...
JobKeeper changes are on the way
It states: "An entitlement to JobKeeper payment under this Part may be cancelled, revoked, terminated, varied or made subject to conditions by or...
Accountants looking to broaden SMSF involvement
The research from Investment Trends found accountants are seeking greater involvement with trustees even with the annual establishment of new...
JobKeeper turned off for childcare sector ahead of midway review
Minister for Education Dan Tehan has announced that the government will cease JobKeeper payments for employees of a Child Care Subsidy approved...
Deferred ATO ruling leads to hopes of better NALE approach
The ATO said recently in PCG2020/5 that it would not allocate compliance resources for a further financial year, 2020–21, to determine whether...
Treasurer hints JobKeeper flat rate could be tweaked post-July
Speaking to Parliament on Wednesday, Treasurer Josh Frydenberg confirmed that the review of the government’s $70 billion JobKeeper program has...
Directors disqualified over phoenix activity
ASIC has moved to disqualify four directors across Australia following investigations into separate cases of alleged illegal phoenixing. Read...
Super guarantee obligations amended to cater to JobKeeper
In particular, the Superannuation Guarantee (Administration) Amendment (Jobkeeper Payment) Regulations 2020 specify that amounts of salary or...
ATO extends deadline for future JobKeeper enrolments
An update to the ATO’s JobKeeper key dates has revealed that employers who are enrolling for JobKeeper payments for the first time after May can...
