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.
Court backs ATO position on foreign income tax offsets
The Australian Taxation Office (ATO) has welcomed the decision of the High Court to not grant an application for special leave to appeal a...
Regulators welcome greater ASIC oversight of super
Treasurer Josh Frydenberg released exposure draft legislation for consultation on 31 January in response to recommendations from the Hayne royal...
‘Exceeding expectations’: 1 in 5 tax agents using myGovID
BAS agents are currently leading tax agents when it comes to using myGovID to access the ATO’s Online services environment, with 46 per cent of...
AAT affirms grounding of former tax agent amidst bankruptcy probe
Peter Moltoni, a former tax agent who was stripped of his registration in June last year, had been issued a departure prohibition order (DPO) by...
Super funds post solid returns in January despite volatility
Despite the positive trend being quickly reversed following the outbreak of the coronavirus and the ensuing drawdown in markets, super fund...
Succession plans must be consistent across SMSFs, family trusts
In a recent episode of the Tax Talks podcast, I Love SMSF director Grant Abbott said it was important when looking at estate planning for SMSF...
$1,080 tax offset saved rather than spent, new survey shows
Just 5 per cent of recipients of the government’s doubled end-of-year tax offset of $1,080 for low and middle income earners chose to spend their...
ATO to retire AUSkey on 27 March
A spokesperson for the ATO has said that AUSkey will be replaced by myGovID and Relationship Authorisation Manager (RAM) on 27 March. “We can now...
‘Don’t be too clever’: Clients warned on CGT MRE changes
Late last year, the government passed changes that would deny non-residents the CGT main residence exemption for CGT events that happen on or...
ASIC tells directors to focus on accounting policy choices
Announcing the results of its review of the 30 June 2019 full-year financial reports of 200 entities, ASIC said it has made inquiries of 47...
