News

Tax

Joint bodies flag potential issues with instant tax deduction bill

The removal of simplified substantiation provisions under the proposed $1000 standard deduction policy will increase...

05 May 2026 • By Carlos Tse

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Tax

Tax takeaways from Chalmers’ pre-budget interview blitz

In a recent media blitz, Treasurer Jim Chalmers has emphasised intergenerational fairness as a key priority in any tax...

04 May 2026 • By Emma Partis

Regulation

Joint bodies push for further detail on proposed civil penalty provisions

The draft legislation to enhance the TPB’s sanction powers should include a more detailed explanation of how civil...

03 May 2026 • By Miranda Brownlee

Regulation

CPA Australia suggests tweaks to TPB’s draft AI guidance

The industry body has welcomed the TPB’s draft guidance on AI and the code of professional conduct and suggested minor...

01 May 2026 • By Emma Partis

Regulation

Conflict of interest lands NZ accountant with censure, $30k bill

A CA ANZ member has been censured and ordered to pay $30,000 after he acted on behalf of both the buyer and seller of...

01 May 2026 • By Emma Partis

Business

Small businesses navigating 'complex environment' of rising costs,...

Accountants and other financial professionals can play a critical role in helping businesses respond to the...

01 May 2026 • By Miranda Brownlee

Regulation

'Unacceptable risk': The Tax Institute raises major concerns with proposed...

The proposed framework for the TPB's interim suspension powers could lead to unjust or disproportionate outcomes for...

01 May 2026 • By Miranda Brownlee

Business

ASIC disqualifies director for ‘complete disregard of duties’

A director of four failed companies that owed the ATO approximately $3.7 million in total has been penalised.

30 April 2026 • By Amelia McNamara

Business

Whistleblowers, Div 7A, and Payday Super: NTAA’s tax policy wishlist

The National Tax and Accountants’ Association has called for regulatory reform and clarity for tax practitioners in...

30 April 2026 • By Emma Partis

Tax

Tax Office warns taxpayers on dangers of relying on AI tax advice

The ATO has cautioned Australians to be wary of information from third-party sources, such as AI platforms and...

30 April 2026 • By Miranda Brownlee

Tax

ATO wins appeal in FBT dispute with Toowoomba council

The Full Federal Court has ruled that a shopping centre car park was a commercial car parking station for the purposes...

29 April 2026 • By Miranda Brownlee

Business

Grant Thornton board approves sale to PE-backed US counterpart

Grant Thornton Australia’s board has approved a plan to sell the firm to its PE-backed North American counterpart in a...

29 April 2026 • By Emma Partis

Regulation

WA man jailed for hiding assets in bankruptcy

A Western Australian man has been sentenced to jail after AFSA discovered he had failed to disclose an inheritance to...

29 April 2026 • By Miranda Brownlee

Regulation

ATO sets sights on holiday homes used as rentals

The ATO is expected to pay close attention to deductions claimed for rental properties that are also used as holiday...

29 April 2026 • By Miranda Brownlee

Regulation

Melbourne accountant charged over alleged involvement in money laundering...

A Victorian accountant has been arrested and charged for allegedly participating in a money laundering syndicate...

28 April 2026 • By Miranda Brownlee

Tax

ATO reminds practitioners to avoid common FBT mistakes

The ATO has warned tax practitioners about common mistakes made by taxpayers and their advisers when lodging fringe...

28 April 2026 • By Emma Partis

Tax

Super tax changes and SMSFs

After much debate and uncertainty, the government’s Division 296 tax rules – popularly known as the “$3 million super...

28 April 2026 • By Mitchell Markwick, HLB Mann Judd

Tax

Salary packaging change 'hidden' in draft laws for $1k deduction

The exposure draft for the instant tax deduction contains a surprise salary packaging change with implications for...

27 April 2026 • By Miranda Brownlee