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.
ATO provides clarity over portal closure
The ATO has announced the official closure of the tax and BAS agent portals from 11.30pm AEDT on 29 November 2019. Read more at the Accountants...
Vacant land tax changes could hit SMSF developments
In a recent blog post, the SMSF service provider’s executive manager of SMSF technical and private wealth, Graeme Colley, said the laws, which...
Review of CDDA scheme fails to address issues arising from ATO’s IT outages
The 12 recommendations made to government by the Independent Review of the Compensation for Detriment Caused by Defective Administration (CDDA...
ATO changes guidance on fuel tax credits
From 1 November 2019, fuel tax credits for fuel used to power passenger airconditioning units must be claimed at the rate for “heavy vehicles for...
AFCA flooded with 200 complaints per day in first 12 months
Australians in dispute with their bank, insurance provider, super fund or other financial firms have lodged 73,000 complaints with the financial...
Government called to consider apportionment for CGT main residence exemption bill
Last month, the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 was introduced in Parliament, bringing...
Small business lending likely to loosen up
Small business representatives said the credit squeeze on the sector needed to end. Read more at The...
Hopes for further ‘wiggle room’ on NALI application
Addressing SMSF Adviser’s SMSF Summit 2019 in Sydney on Thursday, the SMSF service provider’s general manager, Peter Burgess, said similarly to...
IGTO launches reviews into ATO’s $45bn debt book and admin of deceased estates
The reviews have arisen in response to both market feedback and the ATO’s annual report, which shows a debt book of almost $45 billion, with...
Late SG contribution tax deductibility issue flagged
Speaking to Accountants Daily, TaxBanter senior tax trainer Robyn Jacobson said that, under the law, an employer has an SG shortfall for a...
