15,000 tip-offs as ATO black economy hotline rings hot
Black economy tip-off calls to the ATO have breached the 15,000 mark in the three months since it launched its new tax integrity centre, with cash payments and income declaration among the biggest gripes.
What happens when interest rates hit the floor?
Amid challenges facing central banks in keeping the economy open for business, zero or negative benchmark interest rates are a real possibility. Let’s consider what that means for business.
Director Penalty Notices (DPN)
Directors need to be more aware of the increased ATO scrutiny of company reporting and payment obligations.
Synchronised global economic slowdown
The International Monetary Fund (IMF) grabbed headlines this month on releasing its latest World Economic Outlook report, downgrading its global growth forecasts to the lowest levels since the 2008-09 financial crisis.
STP to be increasingly monitored
The ATO’s “softly softly” approach to Single Touch Payroll will not last long, warns a tax expert, as clients are urged to revisit historical data before the Tax Office catches up to them.
6 new accounting related videos
Videos are a good way to learn more about a topic or show to others who my be new to financial management.
GDP by country since 1800
This animated chart is simply amazing. It's fascinating to see how the world has changed and is changing. Food for thought!!