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.
‘Widespread misunderstanding’: Accountants cautioned on journal entries
Speaking to Accountants Daily, former ATO technical director Vincent Licciardi said he has seen a widespread misunderstanding among the...
AAT upholds ATO’s decision to reject gold GST claims
The Australian Taxation Office (ATO) has announced that the Administrative Appeals Tribunal (AAT) has rejected a taxpayer’s claim for GST refunds...
Don’t shy away from consumption tax reform, government told
With the government’s full tax cut plan passing parliament last week, PwC tax leader Pete Calleja has now called for a focus on additional reform...
GST on low-value goods measure exceeds expectations
As at 1 May 2019, the ATO has now collected over $250 million in GST for the first nine months of the low-value goods measure, which began on 1...
A sharing economy tax reporting regime needed
We support the Black Economy Taskforce in tackling the issues arising from black economy activities to level the playing field for taxpayers....
Morrison’s tax cuts pass Parliament
Australians lodging their tax returns over the next few weeks will receive a bonus of up to $1,080, after Mr Morrison succeeded in seeing his...
Large capital gains tax changes still loom for Australians living abroad, Treasurer Josh Frydenberg confirms
The Coalition Government's May 2017 budget announcement to deny the main residence exemption for Australians who sell their homes while living...
ATO stands by taxi definition for FBT
In late 2017, the ATO released a discussion paper for public consultation on the interpretation of “taxi” for FBT and the taxi travel exemption....
Unregistered tax agents can cost you thousands, warns TPB
The Tax Practitioners Board (TPB) is currently investigating 37 cases involving unregistered tax agents and is warning the public to beware of...
Morrison’s tax cuts plan passes lower house
Morrison’s $158 billion three-stage tax cuts plan passed the House of Representatives on Tuesday night and is now headed for the Senate. Labor...
