8+ hour, 47+ min ago  (500+ words) The ATO is expected to pay close attention to deductions claimed for rental properties that are also used as holiday homes this tax time, following recent draft guidance, the NTAA has warned. Deductions for holiday homes that are also available…...

15+ hour, 33+ min ago  (715+ words) You've been hearing about AML for months now " but as 1 July fast approaches, you need to put pen to paper and take action. Keddie Waller, head of AML/CTF Strategy at Holley Nethercote, said many firms are only now turning…...

20+ hour, 41+ min ago  (388+ words) A Western Australian man has been sentenced to jail after AFSA discovered he had failed to disclose an inheritance to registered trustees and transferred funds after filing his bankruptcy petition. David John Machin has been sentenced to three months" jail…...

1+ day, 8+ hour ago  (439+ words) After much debate and uncertainty, the government's Division 296 tax rules " popularly known as the "$3 million super tax" " will come into effect on 1 July 2026. Since the original proposal, the legislation has been adjusted and it can now better be'described as a…...

2+ day, 7+ hour ago  (557+ words) The exposure draft for the instant tax deduction contains a surprise salary packaging change which has implications for fringe benefits tax. The National Tax and Accountants' Association has warned tax professionals about a proposed change to the Section 58 X FBT…...

1+ day, 3+ hour ago  (623+ words) The ATO has warned tax practitioners about common mistakes made by taxpayers and their advisers when lodging fringe benefits tax returns. During a March webinar, the ATO laid out common mistakes made by taxpayers and advisers when lodging their fringe…...

3+ day, 14+ hour ago  (603+ words) The SMSF Association says tax practitioners are often left in the dark after lodging private binding ruling applications and has urged the ATO to implement a tracking system with indicative wait times. Tax practitioners have poor visibility of certain forms…...

5+ day, 3+ hour ago  (340+ words) Accountants Daily and principal partner Pinch are delighted to announce the winners of the second annual Rising Stars Awards. A total of 17 winners have been revealed for the Rising Stars Awards 2026, hosted by Accountants Daily, in conjunction with principal partner…...

4+ day, 21+ hour ago  (404+ words) Everybody has plans until they get hit for the first time; even controllers of discretionary trusts. The decision in'Deemhire Pty Limited as trustee of the Vartuli Family Trust v No Defendant [2026] NSWSC 318 is another in the ever-lengthening list of cases…...

5+ day, 20+ hour ago  (382+ words) CA ANZ's New Zealand branch has issued a censure to a member after he pleaded guilty to a charge of assault with intent to injure. The New Zealand Institute of Chartered Accountants (NZICA) has issued its member, Harmon Singh, with…...