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The professional body says a review should be undertaken into how the ATO assesses the appropriateness of the data it relies on for its data matching programs.

The Commonwealth Bank Household Spending Insights (HSI) index rose by 0.9 per cent in March, following two months of subdued spending.

Without proper planning, construction businesses can find themselves frustrated by cash flow issues when tax time comes around, RSM said.

Shadow financial services minister Luke Howarth has said he would support making it easier for accountants to provide advice, particularly SMSF advice, if the Coalition is elected to government.

EY-Parthenon has unveiled three additional appointments to strengthen its presence in Australia’s energy transition and private sector energy deals.

Labor and the Coalition have announced competing measures to provide tax deductions for cost-of-living relief and first home buyers.

Reserve Bank (RBA) governor Michele Bullock signalled on Thursday that there would be no rate cuts before the RBA’s May monetary policy meeting.

Poorly executed communications by the ATO in recent months has confused taxpayers and created extra work for tax practitioners, the professional body has said.

Over the past 40 years, women have made significant gains in terms of financial independence and social equity, Reserve Bank governor Michele Bullock has said.

Employees are being increasingly encouraged by their employer to use generative AI for commonplace and routine tasks.

The Greens have called for the negative gearing and the 50 per cent CGT discount to be limited to one investment property only.

US President Donald Trump has jacked up tariffs on China to 125 per cent, while China imposed 84 per cent retaliatory tariffs on US imports.