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AFSA outlines Vulnerability Strategy for 2025-28
The Australian Financial Security Authority has revealed its vulnerability strategy for 2025-28 to highlight how it plans to leverage vulnerability as an enduring strateg...
Joint bodies push for amendments to Payday Super compliance approach
Joint bodies within the accounting and super space have joined forces to emphasise the disproportionate impacts small businesses are set to face as the start of Payday Su...
ASIC warns private credit funds on disclosure, fees, governance gaps
The corporate regulator has identified inconsistent disclosure, inadequate governance, and opaque fee structures throughout Australia's $200 billion private credit market...
Outsourcing contributing to poorer ATO phone service delivery, union says
The ATO’s use of contract workers to staff its phone lines has contributed to poorer service delivery, a public sector union has warned.
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Family trust rules in desperate need of reform, CPA warns
Calls on the government to reform the family trust rules are continuing to arise as the area remains a contentious topic within the tax community based on its increasing ...
Payday Super transition must be 'fair and practical', CPA says
Accounting industry bodies have called on the ATO to extend compliance support for employers ahead of incoming payday super requirements.
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TPB releases 2024–25 annual report
The Tax Practitioners Board has unveiled its 2024–25 annual report, which highlights a honed focus on strengthening its integrity, enhancing practitioner standards and ...
Ensuring accountants’ compliance with new technology revisions
Accounting professionals need to ensure the veracity of AI-generated information in the face of hallucinations and other challenges, APESB has stressed.
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HLB Mann Judd unveils various appointments to network
The professional services firm has appointed several new partners and directors to its Australasian Association to strengthen its leadership base.
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The accountant who thought they were helping (and created a $200k liability instead)
I've been liquidating businesses for over 35 years now, and lately I'm seeing something that troubles me: accountants creating liability for themselves while genuinely tr...
Beware of covert tax audits, tax lawyer says
A tax lawyer has urged accountants to be vigilant after a recent slew of covert ATO audits have resulted in out-of-the-blue garnishee notices for business taxpayers.
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‘ATO treats tax agents adversarially’: CA ANZ, IPA call for improvement of ATO GIC remission
The accounting bodies are weighing in on the Tax Ombudsman’s review into the ATO’s management of GIC remission, with an overwhelming call for change.
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Australian AI Awards 2025 winners unveiled
More than 30 professionals and businesses were announced as winners in the annual Australian AI Awards 2025, held earlier this week in Sydney.
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‘Punishment doesn’t fit the crime’: ATO upholds $9k penalty to dormant business
A tax agent has called the fairness of the ATO’s penalty regime into question after the Tax Office denied a $9,000 penalty remission accrued by a sole trading client’...
Payday Super part 1: understanding the new law
Passage of the Payday Super reforms by parliament this week has cleared the way for employee superannuation to be paid by employers more frequently. In the first of a two...
‘Have the confidence you can, and you will’: Accountant’s hot take on starting a business
Founding and building an accounting firm based on personal goals and morals definitely isn’t the easiest of tasks, yet it is definitely the most rewarding, an accountan...
Further monetary easing not a ‘done deal,’ economists say
Following hotter-than-expected September inflation, the RBA has made no promises about future interest rate cuts or hikes.
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‘Let the real work begin’: Payday Super laws pass parliament
Widespread support for Payday Super has led to the legislation smoothly passing parliament with a start date of 1 July 2026.
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TPB cracks down on unregistered Darwin tax practice
The Tax Practitioners Board has been notified by the community that a tax practice in Darwin has continued to provide services despite being previously unregistered and t...
Lawyer with alleged $2m tax debt fights to keep practising certificate
A Victorian lawyer who allegedly owes $2.6 million in tax, plus the $190,000 owed by his law firm, has failed to stay a decision of the state’s Legal Services Board to ...
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