Staff Reporter

Small business collectable debt ‘slowing down’, says ATO

The growth in collectable debt among small businesses is slowing, but too many businesses are still deprioritising payments of tax and super obligations, the Tax Office ...

TAX • Thu, 05 Sep 2024

$3m bill set for debate next Thursday

The controversial $3 million super tax bill is due to be debated again in Parliament next Thursday.

ECONOMY • Thu, 05 Sep 2024

New GDP figures ‘paint grim picture’ for businesses

The reflection of weak economic growth in the new GDP data will directly expose businesses to even tougher conditions and challenges, industry professionals have said.

ECONOMY • Thu, 05 Sep 2024

Global CEOs need to be ‘proactive not reactive’, survey reveals

Global CEOs have adopted a positive outlook for the coming financial year in the M&A market and are looking to make more acquisitions, according to an EY survey.

ECONOMY • Thu, 05 Sep 2024

SMEs don’t need to ‘tough it out on their own’, says joint bodies

Peak industry associations have banded together to help struggling small businesses repay debt on time with the creation of a support-based fact sheet.

PROFESSION • Wed, 04 Sep 2024

Accounting bodies demand action on code changes in letter to PM

Various accounting bodies have called for amendments to be made to the Tax Agent Services Determination ahead of a meeting with the Assistant Treasurer.

TAX • Wed, 04 Sep 2024

Merchant decision ‘does not displace longstanding principles’, says ATO

The decision by the AAT to overturn a trustee disqualification has “limited broader application” given the peculiar circumstances of the case, says the Tax Office.

PROFESSION • Wed, 04 Sep 2024

Slow economic growth unlikely to trigger sudden moves by the RBA

The Reserve bank of Australia is unlikely to make any sudden rate movements following slow economic growth indicated by new GDP data.

ECONOMY • Wed, 04 Sep 2024

Finance teams crucial for not-for-profit success, data reveals

Having an efficient, productive and strong finance team is critical for the effective operation of a not-for-profit organisation, according to an HLB Mann Judd report.

PROFESSION • Wed, 04 Sep 2024