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News
ATO issues interim decision impact statement on meal expenses case
The ATO does not intend to revise its public rulings on work-related travel expenses and record keeping until the appeals process for the recent Shaw decision is finalise...
CA ANZ reveals members’ top 5 tax tips
The professional body has shared its top five tax tips for taxpayers and small businesses as the end of the financial year is fast approaching.
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Consistent outcomes critical for building trust in tax system, says IGTO
Greater transparency around how the ATO makes decisions in areas such as GIC remissions would help build further trust in the tax system, the Tax Ombudsman has said.
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Government fraudster slapped with prison sentence
A woman has been sentenced to 18 months behind bars for committing fraud against the government at the state and federal levels.
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Melbourne-based 3P Corporation breached by Space Bears ransomware
Financial services aggregate 3P Corporation denies April data breach; however, more than 200 gigabytes of internal documents and customer data have been published online ...
CPA calls on Tax Ombudsman to home in on ATO
The professional body is urging the Tax Ombudsman to analyse the ATO’s powers under section 167 of the Income Tax Assessment Act and its reliance on burden of proof as ...
Xero urges Aussies to seek guidance this tax time
Australians have been found to be confused about key tax rules and fear making a mistake on their tax return, Xero has revealed.
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SME revenue gap shows ‘record divide’: ScotPac
Research from ScotPac has revealed that the forecasted revenue gap between the most positive and negative SMEs is the largest it has been in 11 years.
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Taxpayers must tune in to their tax entitlements, says H&R Block
Australians could potentially be short-changing themselves at tax time through the use of the ATO’s MyTax portal, according to H&R Block Australia.
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ATO to make changes to restricted access for compromised accounts
The Tax Office has announced it will make changes to how prefill information can be accessed by agents for compromised taxpayer accounts.
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Navigating conflicts of interest: Practical strategies for Australian accountants
The complicated regulatory and financial environment today subjects Australian accountants to growing examination of their independent practices and ethical decision-maki...
IPA urges IGTO to prioritise review into payday super readiness
It is critical that employers and intermediaries have confidence that the ATO’s processes and systems will be ready for payday super on 1 July 2026, the IPA has said.
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Grant Thornton promotes 9 partners, 1 principal
The professional services firm has promoted nine new partners and one new principal within its ranks across multiple service lines.
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Div 296 to impose ‘widow’s tax’ on women in later life, warns CA ANZ CEO
The professional body has said the Division 296 tax will have unfair tax implications for surviving spouses receiving an inheritance.
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TPB cautions taxpayers on financial risks of ‘finfluencer’ advice
The Tax Practitioners Board has warned taxpayers about the risks of following tax advice promoted on social media platforms.
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Accounting firms should build AML/CTF program ‘sooner rather than later’: Holding Redlich
A law firm partner says accounting firms should begin preparations for the upcoming changes to the AML/CTF program to ensure any issues can be ironed out.
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Tax lawyer flags compliance traps with family trusts following ATO crackdown
Accountants have been warned about family trust issues that can lead to unexpected tax bills for clients, with the ATO scrutinising this area.
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‘A taxpayer-subsidised inheritance scheme:’ Policy analysts slam super tax concessions
Raising super taxes on balances above $3 million is a step in the right direction, but doesn’t go far enough, Grattan Institute analysts have argued.
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SME conditions improve for the first time since 2022: ASBFEO
Small business conditions for Q1 have revealed a “modest” improvement for the first time since 2022, according to the small business ombudsman.
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SUT announces CA-embedded master’s degree for uni students
CA ANZ and Swinburne University of Technology are partnering to deliver a CA-embedded master of professional accounting to students.
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