URGENT WARNING TO SMALL BUSINESSES WITH TAX DEBT

26 June 2025   Chartered Accountants Australia and New Zealand (CA ANZ) urges Australian small businesses to review their tax and cash flow strategies ahead of a significant change to tax deductibility rules that could cost them thousands. From 1 July 2025, interest charged by the Australian Taxation Office (ATO) on late tax payments – currently set at 11.17%…

I spent big to impress women — now I’m £18,000 in debt

Jacob struggled to reflect on his spending while in love (Picture: Jacob Battersby) When 25-year-old Jacob Battersby met his girlfriend, he was determined to impress, splurging on flashy watches, expensive cars, and lavish holidays. ‘I’ve been in three main relationships in my life and after every single one, I’ve always been in debt,’ Jacob, a…

Gambling with an acute mental health problem

Problem gambling in India is a ‘major’ public health issue but there are only two institutions to address this clinically. When a 36-year-old father of two in Chennai murdered his family before killing himself, it was revealed he had borrowed huge sums of money from friends to feed his online gambling addiction. At that time,…

Huang Xiaoming denies Macao gambling debt allegations

Chinese actor Huang Xiaoming (Left on the featured image) has denied allegations that he lost 1.03 billion yuan ($143 million) during a week-long gambling spree at Macao’s Wynn Palace casino. The speculation, which first implicated Mandopop superstar Jay Chou (Right on the featured image), shifted to Huang after widespread social media discussions and reports from…