Category: Business

A phoenix company is a commercial entity which emerges from a collapsed insolvent entity. The new company trades under the same or similar name ...

Australia’s black economy is a growing economic and social problem. It undermines the community’s trust in the tax system, creates an uneven playing field ...

A cashless society exists when financial transactions are conducted not with money in the form of physical banknotes or coins, but rather through some ...

The black economy is a clandestine market or transaction that involves illegality. This includes the drug trade, counterfeiting, prostitution (where prohibited), smuggling, illegal currency ...

The tax gap is an estimate of the difference between the amounts the ATO collects and would have collected if every Australian taxpayer was ...

The Roy Morgan Image of Professions Survey 2017 found that nurses topped the list of the most highly regarded professions. Over 94% of Australians ...

Australia currently has 2.5 million registered companies and incorporates another 600 new companies every day (on average). Companies are a popular business/investment structure as ...

Garnishee notices are a tool used by the ATO to collect outstanding tax debts from delinquent taxpayers. It is normally only used by the ...

ATO tax debts, like all debts, are legally enforceable obligations. The ATO collects these debts on behalf of the Australian Federal Government. If taxpayers ...

The age pension provides basic income support for Australians who are above retirement age (currently 65) but are unable to fully support themselves by ...