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.
TPB begins new FY investigating 350 ‘high-risk’ tax practitioners
The TPB has kicked of the 2019-20 financial year by investigating over 350 tax practitioners suspected of various misconducts including failure...
Pensioners could see up to $804 a year more after funding boost
Seniors groups and Labor have been lobbying the Government to cut the official deeming rate, which is used to calculate how much a pensioner...
No new policy on private rulings, says Tax Office
HWL Ebsworth Lawyers senior associate Vincent Licciardi had raised concerns after noticing that the ATO had stopped providing reasons in the...
Number of SMSFs with unmet advice needs at a record high, new research shows
More SMSFs are experiencing challenges in managing their fund, with their top advice needs relating to estate planning, tax and income...
Capital gains tax and capital loss schedules explained
Depreciation legislation changes were passed in November 2017, which mean some residential property investors can no longer claim the...
ATO warns tax agents over inappropriate use of myGov
The ATO has identified registered tax agents and unregistered preparers using taxpayer's personal login details to access their ATO online...
Popular lender releases predictions for the economy as business headwinds loom
Last week, the Reserve Bank slashed the cash rate to a historic low of one per cent, the second consecutive cut this year. Read more at...
Hold ATO officers to the Charter, says former deputy commissioner
Speaking at a City Taxation Discussion Group event in Sydney, former ATO deputy commissioner Michael Cranston said that, while the Tax Office is...
ASIC to use new powers against short-term lenders
The Australian Securities and Investments Commission (ASIC) has published a consultation paper, CP316, on the proposed use of its new product...
ATO asks accountants to help reunite clients with unclaimed super
With the recent passing of the inactive low-balance super accounts legislation, the ATO is working proactively to reunite clients with their lost...
