Bendigo Accounting & Finance Blog

The Reserve Bank of Australia recently reduced interest rates to record lows, as we head “towards zero”. Does this spell doom for the economy? And what will this mean for you?

The ATO released some interesting figures showing that small business is responsible for 12.5% percent of the total estimated “tax gap”. This accounts for $11.1 billion of missing tax revenue.

Aussies have used the ATO's Black Economy hotline to phone in tips-offs for suspected tax wrongdoing, calling in with a staggering 60,000 calls in 2019.