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  1. Treasury’s taxation of trusts consultation ends before it begins

    trustees, businesses, and families who will bear the practical consequences of any change. By definition, it would last months at a minimum. Against that backdrop, the decision to provide only three weeks for submissions (during the winter school...

  2. Why the new financial year could be the smartest time for tax-effective giving

    $2.9 billion to charity through the structures we support (as at 30 June 2025) and gifted more than $245 million to charity last financial year (FY2026). Accountants understand that clients who begin giving in a structured way describe it as some of the...

  3. Company insolvencies climb to 14,152 for FY2025–26

    with only 3,031 companies using restructuring. Despite the pressures from rising energy costs and interest rates in the last quarter of 2025–26, insolvency rates for the fourth quarter were actually down by around 8 per cent compared with the same...

  4. Small towns, big challenges: COSBOA report reveals regional business struggles

    of pressure, while 77 per cent of business owners reported facing anxiety or stress related to their business over the last 12 months. As per the report, cutting down on superfluous regulatory complexity would enable small businesses to focus more on...

    • Type: Article
    • Author: Matthew Taylor
    • Category: Business

  5. Altus Financial announces official launch on Central Coast

    while sustaining the core integrated advisory solutions that both original firms were built upon. Following its merger last year, the entity continued to run under both brand names; however, Fortunity will now transition to operate under Altus. This...

    • Type: Article
    • Author: Matthew Taylor
    • Category: Business

  6. Rushing your tax? Why early birds aren’t getting the worm come tax time

    them before pre-fill information became available. The Tax Office issued corrections for over 140,000 personal returns last year, identifying errors spanning government benefits, investment yields, salary earnings, and health insurance details....

    • Type: Article
    • Author: Matthew Taylor
    • Category: Tax

  7. Xero price hike has some accountants looking for alternatives

    the back of outages his clients have reported. “There’s been at least two instances or maybe three I can think of over the last year or so where Xero has an outage, sometimes, you know, a day at a time.” Although Scott said that this may have been due...

  8. Headline: What the TPB's final AI guidance means for your client data

    finalised its AI guidance. Elfworks co-founders Jimmy McPhedran and Ian Youngman discuss what it means for client data. Last week the Tax Practitioners Board published TPB(GS) 55/2026, its final guidance on the use of artificial intelligence and the...

  9. ‘A sign of the times’: ATO audit outcome letter reflects more assertive regulator, lawyer says

    with Australian tax laws. Audits can vary in complexity, from routine checks to more intensive investigations that may last several months." Speaking with the brand, HWL Ebsworth Lawyers partner Vincent Licciardi (pictured) said that the way that the...

  10. QuickBooks deepens partnerships with AI powerhouses

    first initiative developed by Intuit in recent times, with the software company launching an open banking initiative late last year. According to Intuit's 2026 AI Impact Report, 78 per cent of US businesses said AI improved their productivity and 43 per...

  11. Cloudoffis expands Workpapers Sorted

    which it says will help unlock broader market access. Cloudoffis, which supports both accounting and SMSF advisory firms, last week unveiled new integrations between its Workpapers Sorted platform and QuickBooks and MYOB, which it said will...

  12. Whistleblower protections need ‘rethink’ with greater incentives, support

    taxation whistleblower protection framework –as governed by the Corporations Act 2001 and Taxation Administration Act 1953 – last made in 2019, one accounting body has stressed that Treasury’s latest review of the system requires a “rethink”, in...

  13. Ashneel Kumar - The Trusted Guide with Energy

    A 2026 Australian Accounting Awards finalist, Ashneel and his team were also finalists across multiple categories at last year's awards, including Boutique Firm of the Year and Partner of the Year. How did you start down this career path? My background...

    • Type: Article
    • Author: Rise Accountants
    • Category: Profiles

  14. Resigning KPMG GC appeals to ‘benefit of hindsight’ during interview scrutiny

    Allens, relied only on 14 interviews of partners in its investigation into whistleblower allegations, with each lasting half an hour each. Allens partner Christopher Kerrigan told the committee: “We didn’t interview in our first investigation people...

  15. Apologies, admissions: how the KPMG hearings ended

    KPMG Australia partners an opportunity to make commentary on the evidence presented throughout the day at the tail end of last week’s hearing. While some former partners apologised for the alleged audit misconduct at the scandal-ridden accounting firm,...

  16. Accountant’s stable of companies gets provisional liquidators

    NSW Supreme Court had to be satisfied there were reasonable prospects of a winding up order. In his decision, handed down last Friday, 21 August, Justice Scott Nixon was satisfied there were “reasonable prospects” that ASIC would obtain this order on...

    • Type: Article
    • Author: Naomi Neilson
    • Category: Business

  17. CGT changes bring valuation headaches for small businesses

    He also warned that business owners could be at loggerheads with the ATO if valuations are uncertain or disputed. “The last thing small business owners need is more time and money spent on paperwork, compliance costs and disputes with the Tax Office,”...

  18. Concerns raised about government's consultation approach on tax reforms

    period had even finished. The government passed its Tax Reform No. 2 Bill through both houses of parliament on Wednesday last week, which contained supplementary amendments to address some of the issues raised with its negative gearing reforms. The...

  19. Raising accounting’s profile through social media

    that seven in 10 (72 per cent) of accounting professionals felt that there was a talent shortage in the sector, with CA ANZ last year finding that taxation accountants were at the highest risk of a talent shortage, estimating a 6,000-accountant...

  20. 4 in 5 SMEs report being exposed to scams

    He added that according to ABA research, 30 per cent of businesses said their bank flagged a suspicious transaction in the last year, while one in five said they are aware of their bank blocking a transaction. “Banks are ramping up scam protections...

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