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.
1 in 4 complaints received by IGTO in FY19 relate to ATO’s debt collection
The most common issues raised in complaint cases to the Inspector-General of Taxation and Taxation Ombudsman (IGTO) during the FY19 concerned the...
TPB refines focus on high-risk tax practitioners
Speaking in a Reuters webinar, CEO of the Tax Practitioners Board (TPB) Michael O’Neill said the regulator is clamping down on high-risk tax...
Bill including tax debt disclosure and SG integrity passes Parliament
A range of measures have now been passed as part of the Treasury Laws Amendment Bill 2019, which is currently awaiting royal assent. Tax debt...
CGT main residence bill resurrected
Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 has now been introduced in Parliament, bringing back a...
‘Obligation to be 24/7’: ATO pressed to reduce maintenance downtime
According to the ATO’s annual report, the availability of its digital systems for 2018–19 was 99.5 per cent, 0.1 of a percentage point more than...
AAT rejects taxpayer’s claim despite ATO’s wording flaw
The Administrative Appeals Tribunal explained that it has no legal framework or standard to determine whether the use of language on the ATO...
Sydney SMSF super schemer sentenced to jail
Kent Nguyen was sentenced on Tuesday to three years’ jail for unlawfully creating, operating and benefiting from a fraudulent self-managed...
Call for action on franchising overhaul
A joint parliamentary committee inquiry into franchising published its report in March but since then the only action from the government has...
Tax Office to focus on ABN cancellation program
In an online update, the ATO has announced that it will increase its focus on cancelling ABNs, using a model to identify businesses that are no...
IAESB revises standards to enhance accountancy’s technology skills
According to the IAESB, the standards have been revised to address the competencies, skills, and behaviours for both aspiring and professional...
