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Aussie facing $23m tax bill refuses to return to the country
An Australian citizen has failed in his application to resolve a domestic tax dispute in an offshore court, facing arrest and a $23 million tax bill upon his return to Au...
‘Not happy, disappointed’: Practitioner slams latest ATO SBSCH decision
Before the upcoming abolishment of the Small Business Superannuation Clearing House, the Tax Office will close it to new registrants from 1 October 2025.
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CPA welcomes ATO’s commitment to service improvements
The Tax Office has pledged to commit to an improvement of its service operations for tax practitioners, a move that has been welcomed by the professional accounting body....
AI integration no longer optional for accounting firms
With artificial intelligence rapidly changing how accounting firms deliver services, communicate with clients, and manage internal processes, a new event is launching to ...
Key takeaways from the High Court’s decision in Commissioner of Taxation v PepsiCo
The High Court of Australia has ruled in favour of PepsiCo, dismissing six appeals brought forward by the Commissioner of Taxation. Here, senior tax lawyers unpack the de...
ATO furthers fraudster crackdown with expanded data
The Tax Office will double down on its data-matching capabilities to protect taxpayers as reports of fraud have significantly surged.
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Rate cut welcome, yet ‘flailing productivity’ needs more, business advocates say
Professional and business bodies have welcomed the Reserve Bank’s “unsurprising” decision to cut the interest rate by 25 basis points.
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ARTA pauses income tax fraud case to await criminal GST fraud trial
The Administrative Review Tribunal has suspended proceedings on a case of alleged income tax fraud as the applicant awaits a separate criminal trial for alleged GST fraud...
Ex-PwC partner gets registration terminated for $11m tax shortfall
Former PwC partner Richard Gregg has had his tax agent registration terminated by the Tax Practitioners Board for breaching the Code of Professional Conduct.
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‘Time for reform?’: Accountant proposes change to tax advice regulation
Australia’s “increasingly difficult to justify” two-tier tax advice regulation system should be considered for reinvention, a tax practitioner has proposed.
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RBA reveals August 2025 cash rate call
Following last month’s shock hold, find out, in this special announcement brought to you by Accounting Home Loans, if the Reserve Bank of Australia has decided to raise...
Use of accountants skyrockets once business revenue hits $100k
Once annual revenue reaches $100,000, businesses are much more likely to engage with external accountants, new research has shown.
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APAC mid-market M&A deals see uplift, data shows
Merger and acquisition volumes in the middle market across the Asia-Pacific region have seen a slight uptick of 3.9 per cent in FY25, according to research from a charter...
‘Bold’ net cash flow tax idea could increase tax complexity, BDO says
Tax practitioners have welcomed the Productivity Commission’s “bold” net cash flow tax idea but warned against introducing more complexity into the Australian tax s...
AI, automation, and accuracy
Here’s what Intuit QuickBooks’ latest updates mean for Australian accountants and businesses, writes Amanda Newton.
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KPMG responds to ‘large scale tax fraud’ conducted by former employee
Last week, an AFP and ATO raid unearthed that a former KPMG manager had allegedly “orchestrated a large scale tax fraud”, raking in $1 million in fraudulent tax refun...
‘Window of opportunity’: ATO makes change to tax debts on hold
The Tax Office is starting to include tax debts on hold in taxpayers’ account balances from this month.
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Fraud, tax debts, digitalisation top the ATO’s 2025–26 priority list
The ATO has released its corporate plan for the 2025–26 financial year, outlining its five top priorities for the financial year ahead.
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‘Increasingly sophisticated’ tax-time scams require proactivity from accountants
Tax season, one CTO says, is a key moment to prove to clients that “you're not just reactive, but proactive”, when it comes to countering tax-time scams.
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Tax practitioners urged to protect Australians from financial abuse in tax system
The tax community is working together to address the financial abuse of vulnerable Australians in the tax system to avoid devastating impacts.
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