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.
Property deduction errors down to ‘lack of understanding’: ATO
Last year, the ATO singled out rental property deductions as a “top priority” for the agency, with Commissioner of Taxation Chris Jordan claiming...
Practitioners warned over Div 7A journal entry practices
Speaking to Accountants Daily, TaxBanter senior tax trainer Robyn Jacobson said the use of journal entries to make Division 7A loan repayments...
Unforeseen consequences in ATO late lodgement policy
In a recent blog post, the SMSF service provider’s executive manager of SMSF technical and private wealth, Graeme Colley, said if a late lodging...
Accountant permanently banned by ASIC after misleading clients
Nicholas Ellis, of Valentine NSW, has been permanently banned by ASIC from providing financial services after he was found to have made...
Accountants call for improved UN SDG disclosures
The recommendations are detailed in the report Sustainable Development Goals Disclosure (SDGD) Recommendations, authored by Carol Adams,...
Retirement trap hurting saving Aussies
According to BetaShares, retirees who lift their savings to between $350,000- $600,000 may ironically see their income diminish. Read more at...
Accountants recognised in Australia Day honours list
A total of 837 Australians were recognised in the General Division of the Order of Australia, with the youngest recipient aged 19 and the oldest...
SMSFs and GST withholding on residential premises
GST is typically a vendor responsibility. However, under the withholding regime, purchasers of certain residential property must withhold GST...
Clients warned on discretionary trust amendments ahead of retrospective duty, land tax
In October last year, legislation was introduced by the NSW government to treat discretionary trusts as foreign trusts, liable for both surcharge...
Voluntary super a ‘blatant tax grab’: ISA
Last year, Liberal Senator Andrew Bragg put forward a proposal to allow workers earning $50,000 and under to opt out of compulsory super, arguing...
