TAX • By Naomi Neilson
A dispute over damages has put tax calculations under scrutiny, with a judge rejecting challenges to referees’ treatment of carried-forward losses while leaving open questions about the tax implications of unrecovered legal costs.
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As the ATO develops public advice on guidance on taxpayer use of AI in tax affairs, it emphasised that the onus of accuracy ultimately lies with the taxpayer and their accountant.
PROFESSION • By Malavika Santhebennur
Read MoreWith significant change underway across all industries, driven in large part by the growth of AI and technology, it’s important to remember what truly matters in professional services: nurturing relationships built on trust, so clients feel confident and supported no matter how the landscape evolves, writes Steve Grivas.
PROFESSION • By Carlos Tse
Read MoreA taxpayer’s application to waive interest charged on his unpaid land tax for 2025 and 2026 across five NSW properties has been rejected after he failed to prove it was justified.
PROFESSION • By Malavika Santhebennur
Read MoreWhile some company directors may not have significant financial acumen, they must ensure that the company’s financial statements are properly prepared to avoid potential penalties.
PROFESSION • By Carlos Tse
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