CPA Australia implies final Budget outcome masks structural tax problems
Today’s Final Budget Outcome 2024-25 shows Australia’s fiscal position has improved compared with earlier forecasts. However, the largest accounting body, CPA Australia, remains concerned over the nation’s over-reliance on a shrinking pool of taxpayers and persistent expected deficits over the next decade. The figures show that the $10 billion underlying cash deficit is less than […]
CPA Australia calls for clearer product naming and marketing rules and suggests you check if your current investments are safe
Following the ASIC investigation into the management and operation of the First Guardian Master Fund, a managed investment scheme where it is understood around 6,000 investors have been exposed to heavy losses collectively worth more than $1 billion. Our largest accounting body, CPA Australia, is calling for stricter rules to govern the naming and marketing […]
CPA Australia makes plea for re-elected Albanese government to revitalise business deliver tax reform and repair the Budget
Australia’s largest accounting body CPA Australia congratulated the Albanese Government on its Federal re-election and urged it to seize the opportunity of its renewed mandate to revitalise, reform and repair the Australian economy. CPA Australia CEO Chris Freeland outlines how he looks forward to the government delivering a clear and optimistic vision for how it plans […]
Labor plays tit for tat as it nullifies the Coalitions instant asset write-off pledge
CPA Australia today welcomed Labor’s pledge to extend the $20,000 instant asset write-off by 12 months, but noted the measure remained much too politicised. CPA Australia Business Investment Lead Gavan Ord said the pledge meant that SMEs with revenue up to $10 million a year would have 12 months of additional certainty. “We are pleased […]