Blizzard of Tax Changes Ahead

HomeInsights


Blizzard of Tax Changes Ahead

Revised rules require fresh tax and accounting advice, but blame is often directed at tax professionals. Accountants have emerged from the pandemic into a blizzard of changes and keeping clients up to date risks a backlash over tighter compliance rules and increased fees.

Accountants and tax professionals are facing huge changes, which must be communicated and passed onto their clients. As a sector, we've worked hard during the pandemic to maintain businesses and keep them afloat, we're now in a position whereby we need to hand down the firm tax changes onto clients. 

Some of the most common changes include:

  • Professional Firm Profits
  • Section 100A
  • Payroll Tax Changes
  • Working from home deductions
  • Family trust changes

As a firm, we are always maintaining our internal level of training and legislation information so that we can confidently advise our clients with the most accurate and up-to-date rules. As tax professionals, it's our duty of care to our clients to explain any changes that will affect you. Sometimes this means the advice you may have been given 6 months ago may no longer be valid.

We’re in this limbo-land between draft ruling and final ruling where things might change – at times this places us in an incredibly difficult position whereby our advice to our clients may change.

Related News

18 Dec

UNDER THE HOOD: Accessibility and Inclusion with MP Shire Business

Excellence in Inclusivity and Accessibility recognises businesses for their leadership in creating welcoming, inclusive spaces and ensuring accessibility for all. In this episode, the award-winnings share how inclusion isn’t just the right thing to do - it’s a smart business move. 


READ MORE READ MORE
18 Dec

UNDER THE HOOD: Connected Communities - The Small Business Advantage

The Local Community Connection Award recognises businesses with a commitment to strengthening the Mornington Peninsula community through networks, partnerships and social contributions. This episode features the award-winners as they share practical strategies, proven approaches, and inspiring stories that show how community connection isn’t just good for people - it’s sound business practice. 


READ MORE READ MORE
10 Dec

SMART Life - Issue 23 - Summer 2026

Understanding the 3 stages of retirement and what they mean for your money, and how to future proof your retirement income.


READ MORE READ MORE