From Farmland to Fiasco: A GST Dispute Unveils Crucial Tax Lessons for Businesses

Tax receipts and evidence of business expenses

In the intricate dance of tax compliance, the alignment between what taxpayers declare and the evidence at hand can often tip the scales between smooth sailing and rough waters with the Australian Taxation Office (ATO). A recent decision by the Administrative Appeals Tribunal (AAT) brings this issue into sharp relief, offering valuable lessons for small … Read more

Navigating Financial Advice Deductions: Insights from TD 2023/D4

The Australian Taxation Office (ATO) has recently unveiled TD 2023/D4, a draft determination that sheds light on the deductibility of financial advice fees for individuals. This guidance, aimed at those not engaged in a business, seeks to clarify and update the criteria for claiming deductions on these fees, a topic of interest given the evolving … Read more

Enhanced Oversight in Tax Advisory: Empowering Regulators for Greater Integrity


In the realm of tax advisory, maintaining the highest standards of conduct and professionalism is not just expected—it’s essential. The Treasury’s recent unveiling of draft legislation and consultation papers marks a pivotal step towards fortifying the integrity of tax advisory services. This initiative, part of the Government’s comprehensive strategy to address tax adviser misconduct, underscores … Read more