Business

Standard deduction final ruling needs more detail than its draft: CPA Australia

For a measure intended to simplify compliance, the accounting body has stressed that further clarity and detail are...

14 October 2026 • By Carlos Tse

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Business

ATO credit card ban delay could lead to higher usage

The IPA has warned that the extension could lead to more taxpayers using credit cards to meet their tax obligations...

12 October 2026 • By Malavika Santhebennur

Business

‘It hurts’: ATO credit card ban another hit to small business

Small businesses have taken multiple hits in the recent past, and the ATO’s credit card ban only adds to the pain,...

09 October 2026 • By Malavika Santhebennur

Business

Can paying tax in the wrong year prevent being taxed in the right year? Court...

A recent court case has shown that a taxpayer paying CGT on a sold property in the wrong year did not stop the ATO...

07 October 2026 • By Malavika Santhebennur

Business

‘Deplorable’: ATO’s bargain breakdown shifts red dot on business cash flow

With the ATO confirming that it failed to secure a lower surcharge with banks before bringing out the credit card ban...

07 October 2026 • By Carlos Tse

Business

Businesses should not absorb merchant fees, accountant says

With surcharge removals coming into effect yesterday, one accounting principal has said he will advise his business...

02 October 2026 • By Malavika Santhebennur

Business

ATO will stop accepting credit cards from December

The Tax Office has announced it will stop accepting credit cards as a payment method after 30 November 2026.

01 October 2026 • By Malavika Santhebennur

Business

The sting in the tax tail of property CGT changes

More than 2 million Australian investment properties may be affected by the CGT changes coming into force next July,...

25 September 2026 • By Scott Chapman, Opteon

Business

Budget changes entire property investing landscape

A tech platform founder has described the CGT and negative gearing changes in the budget as highly technical,...

24 September 2026 • By Malavika Santhebennur

Business

Foreign investor fined $370k as ATO cracks whip on land banking

A foreign investor was fined $370,000 for land banking practices as the ATO tightens its screws on those who breach...

22 September 2026 • By Malavika Santhebennur

Business

‘Time in prison is even a possibility’: ATO shadow economy prosecutions ramp up

Non-lodgment prosecutions over the past two years have jumped by 80 per cent, leading to more than $2.7 million in...

21 September 2026 • By Malavika Santhebennur

Tax

ATO’s nearly $100m splurge on Melbourne office referred to inquiry

The Senate has opened an inquiry into the ATO’s $95 million fit-out of its Melbourne CBD office, after it signed a new...

18 September 2026 • By Carlos Tse

Business

Treasury floats giving ATO monthly PAYG determination power

New draft legislation to allow monthly PAYG would require those who have failed to meet their tax obligations to...

16 September 2026 • By Malavika Santhebennur

Business

ATO’s GIC alert for PAYG instalments a first, says accountant

A Sydney-based accountant has noted that she has never seen the Tax Office take any compliance action or send warning...

14 September 2026 • By Malavika Santhebennur

Business

ATO employee faces child abuse, corruption charges

An ATO staff member has been charged with corruption-related offences and possessing alleged child abuse material on...

11 September 2026 • By Malavika Santhebennur

Business

Property owner denied permission to appeal tax deduction challenge

A company that owns a commercial building in Western Australia has had its request to appeal an interlocutory ruling...

09 September 2026 • By Malavika Santhebennur

Business

Submission urges carve-out for new builds from SMSF LRBA ban

A joint submission has put forward five options to the government on the recent LRBA ban on residential property,...

08 September 2026 • By Malavika Santhebennur

Tax

ATO warns taxpayers on claiming WFH rent, interest deductions

It has become relatively common for many employees to work from home, at least part-time. This is why the ATO’s recent...

04 September 2026 • By Matthew Tse