February Business Wrap
Welcome to our Monthly Business Wrap – stay in the know with some recent news updates relevant to business and the economy.
February rate cut still a possibility, says AMP | Accounting Times
The Reserve Bank could cut interest rates as soon as next month if the December quarter inflation rate falls below the RBA’s forecasts, according to the AMP chief economist.
Accounting bodies continue fight against GIC deduction changes | Accountants Daily
Making the general interest charge non-deductible would unduly penalise taxpayers who have made honest mistakes in their returns, accounting bodies have warned.
COSBOA issues workplace law change reminder for SMEs | Accountants Daily
Navigating tax obligations can be challenging for business owners and consumers alike. With tax laws evolving each year, staying informed and proactive is essential to managing your financial responsibilities effectively.
‘The company’s money is not your money’: ATO on Div 7A myths | Accountants Daily
Mistaken beliefs around business structures, record keeping and the Commissioner’s discretion are “common” among taxpayers, the Tax Office has said.
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