Superheroes

With the power to see into the future and keep global economies afloat, accountants are truly today’s superheroes. See why.

In the past few federal budgets, the ATO has received funding increases that it has used to address the income tax gap and the black economy.

01 Mar 2020 Taxation

The ATO ups its compliance game. Here's what that means for taxpayers.

New technology and a different approach mean that the Australian Taxation Office has taken its game to a new level. Tax advisers need to pay attention.

Impacts of COVID-19 on reporting entities and auditors

To reduce the spread of the coronavirus or COVID-19, governments have placed restrictions on the movement of people to and from certain areas and countries. Here we look at the impact on reporting entities and auditors and how authorities are responding.

13 Mar 2020 Economics Auditing

The Sydney Harbour Bridge is illuminated by a New Year’s Eve fireworks display on 31 December 1999. The Goods and Services Act was introduced earlier that year.

GST in Australia 20 years on: looking back on taxing times

Australia's goods and services tax (GST) was introduced, with much controversy, 20 years ago this year. It's now entrenched, but does it need an overhaul?

01 Mar 2020 Taxation Economics

Accountants are highly technical and detailed people. However, soft skills such as an ability to communicate and connect with clients may sometimes be lacking.

6 ways accountants can build client relationships and improve communication

A new book offers strategies to improve communication and engagement with clients.

01 Mar 2020 Workplace INPRACTICE

THE ECONOMY

The proposed trust tax policy will hit the standard of living of many small business owners and is raising significant concerns among CPA members and their clients.

30 Apr 2019 Taxation

CPA Australia: small business will suffer under proposed trust tax policy

CPA Australia members say proposed changes to the taxation of discretionary trusts could discourage small business and hurt the wider economy.

Buy Now Pay Later (BNPL) providers don’t have to operate under the same rules as traditional credit providers because their offerings are not captured by the National Credit Act.

Should credit rules apply to Afterpay and other buy now, pay later plans?

Buy Now Pay Later offerings such as Afterpay have exploded in popularity online, but now questions are being asked about a suitable regulatory regime.

01 May 2019 Economics

This is not the first bitcoin crash in a market known for its volatility.

Bitcoin crash gives way to steady growth

The price of bitcoin has crashed in early 2019 but some experts in the field argue that the news is not all bad, with the future for cryptocurrencies looking fairly strong.

27 Feb 2019 Economics

A protester holds a French flag as he faces French anti-riot police officers in front of the Eiffel Tower. (Credit: MARTIN BUREAU/AFP/Getty Images)

Brexit and beyond: 5 ways to wreck an economy

A nation can have plentiful resources and an established commercial sector, but terrible policies implemented with determination can send its economy into a downward spiral.

15 Apr 2019 Economics

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The Code provides accountants with a framework and guidance on how to behave ethically.