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More people are opting to go to court rather than appealing to Revenue NSW, due to a perceived unlikelihood of success.

In our earlier article, we examined the Full Federal Court’s decision in Commissioner of Taxation v Bendel [2025] FCAFC 15, which rejected the ATO’s long-standing position that unpaid present entitlements (UPEs) owed to corporate beneficiaries could constitute “loans” for the purposes of Division 7A.

The 2026 Federal Budget has introduced significant changes to how discretionary trusts, including testamentary discretionary trusts (TDTs), will be taxed. If passed, these changes have far-reaching implications for estate planning strategies that many families use to protect and pass on wealth.

The Australian National Audit Office's recent review of the ATO's management of small business collectable debt reveals significant findings that will reshape how tax authorities approach debt recovery. With small business debt reaching $35.9 billion and the ATO accepting all eight recommendations for reform, advisers and business owners face a new landscape of firmer collection activity and heightened accountability. Understanding these changes and their implications for unpaid tax liabilities, director pe

The Australian Taxation Office (ATO) is in the process of finalising substantial modifications to the Australian local file (ALF), particularly the short form local file (SFLF)...

The Australian Securities and Investments Commission ("ASIC") has released its quarterly report on its corporate finance regulatory activities for the third quarter of 2021.

The ATO has been challenging the engagement of legal advisors when it receives claims of legal professional privilege.

Australia may be losing its screen production competitiveness to other jurisdictions which offer similar tax incentives.

The AAT decided that the applicants' arrangement did not constitute a "dividend stripping operation."

Revenue NSW will release new guidance on the application of payroll tax to healthcare practices in NSW.

The Board of Taxation is reviewing the dual-agency administration model (ATO and IISA) for the R&D tax incentive.

The ATO has many enforcement measures that it could use for the collection of tax-related liabilities from a company.

There are key problem areas which should be addressed as part of any root and branch review of the Australian tax system.

Liability of transfer duty payment kicks in immediately on transfer of a dutiable property. In land contracts, this liability arises once the parties enter into a contract for sale.

Australia's proposed capital gains tax reforms may inadvertently undermine government efforts to strengthen sovereign defence capability and innovation. As the nation faces increasing global instability and supply chain vulnerabilities, changes to the CGT regime could discourage investment in defence-focused startups precisely when such investment is most critical to national security objectives.

On 1 October 2025, the ATO finalised its guidance on the third party debt test (TPDT) for thin capitalisation purposes in Taxation Ruling TR 2025/2 (Ruling)...

An Australian accounting business wanted to generate more opportunities and smooth out its monthly revenue. Here is their analysis and the actions they’ll take, which could be of value to many firms.

What a director penalty is and the types of director penalty notices (DPNs).