It used to be one of the safest career choices. But while Australians are deserting the accounting profession, an avalanche of foreign accounting students has hit our universities, prompting a fight between the government and big firms about how many acco
Accountant glut prompts skilled-migrant list rethink
THERE are too many unemployable accounting graduates and the profession should be struck off Australia's priority list for skilled migrants, the federal Employment Department says.
Personal income tax rates
The 2013 Federal Budget contained a number of significant taxation changes that will impact individual taxpayers.
Self-education expenses capped
The Government announced its intention to limit the allowable deduction for self-education expenses by individual taxpayers. From 1 July 2014 it will be capped at $2,000 per annum.
Medical expenses -tax offsets
The 2013 Federal Budget announced that the Government intends to phase out the out-of-pocket medical expenses tax offset.