06/10/2022
Welcome back to our Weekly Digest. Read on for the latest updates in tax, accounting and the economy.
06/10/2022
Most of us favour sound economic policies over tax cuts
A recent poll from the Australia Institute found that over half of respondents were in favour of forgetting Stage 3 tax cuts in favour of sound economic policies, while nearly a quarter wanted to keep them.
Renewed hope for small business sector
New data from Xero and the Australian Bureau of Statistics suggests that small businesses are doing better than before, but economists warn there may be more beneath the promising numbers.
CPAs call for change in the accounting industry
Two of Australia’s leading accounting associations are calling on the Albanese government to mandate digital reporting in the industry, as recommended by a parliamentary committee in February 2020.
Get in touch
Contact us if you have any questions or want to discuss the next steps for your business.
Star Highlights
Make sure to let us know if you have had any crypto trading as we need more information to be able to complete your tax return. Click on this blog for more info.
Star Reminders
It is never too early to do tax planning.
Make sure you contact us before making any big business decisions such as buying new plant and equipment.