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News Update

A tax partner has stressed that the government’s tough position on the rate, interest, and non-deductibility of the general interest charge is adding to the burden on small business owners [...]

The Tax Office and Beyond Blue have explored some of the stressors currently being experienced by the profession and their impact on mental health in a recent wellbeing support session.  [...]

CPA Australia has warned that the gradual rollout of details from the major tax reforms is causing significant uncertainty, complexity, and cost for taxpayers, small businesses, and their advisers.  [...]

Australian cloud-based technology provider Cloudoffis has expanded its Workpapers Sorted offering via integrations with QuickBooks and MYOB, which it says will help unlock broader market access. [...]

Moving beyond read-only data access, Intuit QuickBooks is integrating new, actionable intelligence for sales invoicing, lending, and payroll within ChatGPT and Claude.  [...]

The new system orchestrates a specialised digital workforce to autonomously analyse supporting documentation, match transactions, identify reconciling items, and assemble audit-ready reconciliations. [...]

Less than three business days after ‘consultation’ closed on the proposed minimum tax on discretionary trusts, Treasury released a second tranche of amendments claiming to address perceived gaps in the [...]

Treasury has released consultation on the second tranche of CGT and negative gearing changes, addressing the new residential build definition, and noting further tranches to come, which one expert has [...]

One tax lawyer urges accountants to explain their position when they lodge to avoid conceding to an unfavourable ATO income tax audit outcome. [...]

Pitcher Partners has lodged a detailed submission in response to the consultation paper and has proposed an alternative framework to achieve Treasury's objectives in a simpler, more targeted manner.  [...]