The Tax Office has warned SMSFs about preparations they need to make now, ahead of the start of Payday Super.

The ATO will review its guidance on the substantiation exception for travel and overtime meal allowance expenses in light of the Federal Court decision Shaw v Commissioner.

For some accountants, the budget simply adds more compliance and administration amid a more complex tax system. For others, it is a win for the profession, creating more billable work.

Just as there were ‘Xero millionaires’, Drew Pflaum wants to create ‘SavvyWise millionaires’ who financially benefit from the provider’s equity crowdfunding approach.

The Federal Court has come down hard on a man accused of profiting from tax agent services despite not being registered.  

Practitioners must watch closely for policy changes regarding the taxation of trusts, as any changes are likely to add further administrative burden for clients, the law firm says. 

Recent Intuit research has revealed a reversal of past sentiment regarding the impact of AI on growth, with many small and mid-size businesses harnessing AI for expansion and efficiency rather than labour replacement.

The new compliance suite bridges the gap between customer onboarding and end-to-end AML/CTF compliance management, according to the technology company.

As part of a “cunning, long-time fraud”, a Victorian accountant fleeced his loyal clients out of almost $1.5 million.

Mum-and-dad investors, young Australians and small businesses have lost out in the 2025-26 federal budget, Australia’s largest accounting body has said.