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Holiday sales, January CPI ‘critical’ to RBA’s next move
Commentators are divided over whether the bank has done enough to rein in inflation after holding rates at 4.35 per cent.
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RBA holds the cash rate steady at 4.35%
Below-trend growth and the impact of last month’s raise means steady as it goes.
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ATO pursues Coca-Cola for $174m diverted profits tax
The Tax Office’s arguments echo those raised in its landmark win against Pepsi last week.
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CPA Australia faces member revolt over job cuts, losses
The country’s largest professional accounting body grapples with a crisis of member confidence.
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Longevity demands ‘fresh approach to retirement’
Greater funding flexibility plus policy and attitude changes are essential as we increasingly live decades after finishing full-time work, Actuaries Institute says.
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AccountantsIQ tackles tax challenges of ageing
AgedCareIQ addresses the growing demand from accounting firms and the general community.
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Wage slowdown ‘should prompt RBA pause’
Payroll data has revealed a marked slowdown in rises, Employment Hero says, as it urges restraint on the central bank.
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ATO wins landmark diverted profits case against Pepsi
The Tax Office says its victory in the Federal Court should prompt multinationals with similar arrangements to review and reassess.
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Start-up grant program a ‘golden chance for accountants’
A $392 million program aiming to help small business commercialise ideas allows public practices to extend their advisory work, says one business consultant.
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Raise scam defences or face penalties, business told
A Treasury consultation paper proposes a sweeping, “whole-of-ecosystem” approach to prevention.
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Big 4’s toxic culture ‘alive and well’, says Labor senator
Despite nearly 10 months passing since the PwC tax scandal broke, Deborah O’Neill says the audit and consulting industry should not be so quick to move on.
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Why cyber security keeps Jordan awake at night
After a decade of rapid change at the ATO, the Commissioner recommits to a digital vision but admits there are challenges.
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Small business ‘will be sent bust by flawed IR bill’
The complex legislation has become the number one threat to the sector, COSBOA says.
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Inflation cools in wake of rent, energy subsidies
Changes to housing, food, non-alcoholic beverages and transport prices meant inflation slowed down to 4.9 per cent last month.
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RBA rate decision in balance despite slower inflation
The latest CPI figures have left economists divided over the bank’s next course of action.
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Victoria to hand back $7m in unlawful EV taxes
Treasurer Tim Pallas says the High Court decision outlawing the levy will “totally recast” the way the state raises revenue.
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Inflation ‘forces pushback of retirement plans’
Attitudes have changed over the past 12 months, survey finds, with most expecting to need more savings.
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Most pay rises next year ‘will fail to match CPI’
The premium for changing jobs is falling and staff are becoming more risk-averse, recruiter says.
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ATO slams brakes on debts campaign in face of backlash
Frustrated tax agents complained of letters about on-hold tax debts of just a few cents that were a waste of time to reconcile.
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Black Friday? Cafes, restaurants charge towards black hole
Retail is enjoying a sales-driven reprieve but no such luck for hospitality, with record numbers leaving or going bust.
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