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‘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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Alleged tax fraudster faces charges following search warrant: ATO
The Tax Office has conducted a search warrant at a Sydney residence of a former consultancy firm employee who is alleged to have orchestrated a large-scale tax fraud.
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Accountants face AML staffing squeeze
Accounting firms must move quickly on hiring for AML compliance ahead of the July 2026 deadline, one expert has said.
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Accountant’s unfair dismissal appeal upheld after clash with TPB-terminated colleague
An accountant claimed she was unfairly dismissed following a clash with a colleague who allegedly schemed to continue working after his registered tax agent status was te...
AI regulation must come with SME support, says CPA Australia
As the Productivity Commission continues to release interim reports, CPA Australia has said SMEs need support in the evolving AI implementation space.
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NSW joins crackdown on illicit tobacco to protect SME community
As the ATO continues its battle against illicit tobacco, the NSW government is introducing tough new laws to parliament to help crack down on illegal sales and possession...
Grant Thornton adds new partner to risk consulting team
The professional services firm has expanded its risk consulting team with the appointment of Richard Storey to partner.
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Victorian WFH proposal will ‘steamroll’ small businesses, COSBOA says
The Victorian government’s proposal to legislate a legal right for employees to work from home two days a week has received significant backlash from the small business...
And that’s a rap: Div 296 tax gets an upbeat rendition
The Division 296 legislation isn’t something to be laughed at, but one accounting educator decided to try to bring a little levity to the issue.
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Most accountants are tech enablers for clients
New research shows that accounting professionals are increasingly playing a hands-on role in enabling their clients’ technology ecosystems, across dozens of different t...
‘The devil will be in the details’: Concerns raised over tax reform proposal
Following the Productivity Commission’s sweeping tax reform proposals, business advocates are pushing for a more holistic approach to reduce the burden on larger busine...
ATO vulnerability framework needs ‘training, transparency, support’: The Tax Institute
The Tax Institute has urged the Tax Office to commit to significant investment in the implementation phase of its vulnerability framework to ensure it meets its objective...
Deferred tax accounting not guaranteed to improve Div 296 outcome
While there have been a lot of arguments in favour of utilising deferred tax accounting in relation to Division 296, a technical adviser has argued it should very much ...
Tax overhaul key to boosting growth and fairness, says The Tax Institute
The Tax Institute is proposing 10 key tax reform ideas to the Treasury ahead of the looming Economic Reform Roundtable to emphasise the need for tax to be a “top priori...
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