Global outlook summary: Down but not out
Down but not out As the global economy enters its tenth year of expansion following the global financial crisis, concerns are growing that a recession may be imminent.
Bookkeepers remind on incoming TPRS obligations
With the taxable payments reporting system now set to cover five different industries, in-house and external bookkeepers have been urged to start ensuring business clients start keeping records of contractor payments.
Tax, SMEs set to be ‘political football’ in 2019 as election nears
Small and medium businesses are set for a busy year of tax promises as political parties look to sway voters ahead of a Federal Election, says one mid-tier.
Cap lifted on popular financing option for clients
APRA will remove its cap on interest-only loans from next year, a move which is set to open more financing options for clients in 2019.
Expiry of 900,000 interest-only loans set for January
If you feel a bit aggrieved by having to move away from a workable interest only loan then you won't be alone. Apparently there are 900,000 loans in the same boat!