Category: Business
Abolish the Breastfeeding Tax
With the abolition of the tampon tax on 1st January 2019, women have now started campaigning to have the breastfeeding tax removed as well. ...
Government Targets $50 Billion Black Economy
The ‘Black Economy Taskforce’ report released in October 2017 shows the black economy has grown to 3% of GDP (up from 1.5% in 2012). ...
Black Economy Grows 100%
Since 2012 Australia’s black economy has grown 100% to $50 billion per year. This dwarfs the growth in Australia’s legal economy over that period ...
Accountants Fail as Business Advisors
Australia has 2.2 million businesses, of which 2,065,523 are defined as small businesses (employing less than 19 people). The ATO statistics show 96.7% of ...
Business Profitability a Dismal 3.8%
Australia’s 2.2 million businesses produce an average return on shareholders’ funds after tax of only 3.8%. This paltry return is less than the risk ...
Registered Tax Practitioner Numbers Surge to 77,749
As at 30th June 2018 there are 42,561 tax agents, 15,638 business activity statement (BAS) agents and 19,550 tax (financial) advisers regulated by the ...
Accountants Failing to Invest in Themselves
The Tax Practitioners Board (TPB) Code of Professional Conduct (Code) requires registered agents to meet continuing professional education (CPE) obligations. The object of this ...
Life Insurance for Dead People
Charging life insurance to dead people – how would that work? Just ask AMP - as highlighted in the Banking Royal Commission, AMP has ...
Financial Planners – More Than a Few Bad Apples
The Banking Royal Commission has delivered a scathing interim report on the practices of the financial planning industry. Unfortunately, it’s not just a question ...
The Fat Smoker
‘Strategy and the Fat Smoker’ is a book by David Maister which has the central theme that knowing what to do is usually easy ...