From smsmagazine.com.au: The ATO has stated that SMSF practitioners and trustees cannot fully rely on artificial intelligence (AI) for SMSF functions and that human judgment remains essential in critical areas like audits and financial advice.… read more
From www.accountingweb.co.uk: (UK context) Chancellor Rachel Reeves announced an open consultation to strengthen measures against promoters of marketed tax avoidance schemes, aiming to provide HMRC with additional powers and sanctions.… read more
From www.pitcher.com.au: The 2025-26 Federal Budget introduces a reduction in the personal tax rate for incomes between $18,201 and $45,000, decreasing from 16% to 15% in 2026 and further to 14% in 2027, resulting in annual savings for individuals above $45,000.… read more
From www.investordaily.com.au: Treasurer Jim Chalmers presented the Albanese government’s pre-election budget for 2025-26, prioritizing economic stability amid global uncertainties and announcing significant tax cuts for all Australian taxpayers starting 1 July 2026.… read more
From www.financialstandard.com.au: The Australian government will amend tax laws to clarify the treatment of managed investment trusts, ensuring that legitimate investors retain concessional withholding tax rates, effective from March 2025.… read more
From www.charteredaccountantsanz.com: The Australian Federal Budget for 2025-26 outlines an underlying deficit of $28.3 billion for the fiscal year, with total headline deficits projected to reach $283.4 billion over the forward estimates.… read more
From www.charteredaccountantsanz.com: The 2025-26 Federal Budget introduces tax cuts and energy relief while pausing draught beer excise for two years, but fails to address many previously announced measures, leaving tax agents still burdened by red tape.… read more
From alvarezandmarsal.com: Treasurer Jim Chalmers lays out the Albanese Government’s fourth budget for 2025/2026, focusing primarily on cost-of-living relief, increased Medicare funding, expanded childcare rebates, and tax cuts for Australian taxpayers.… read more
From grantthornton.com.au: Treasurer Jim Chalmers unveiled the 2025-26 Federal Budget, projecting an increase in deficit, strategic spending plans, and tax changes to bolster Australian businesses amidst global uncertainties.… read more
From bdo.com.au: Treasurer Jim Chalmers unveils the Federal Budget 2025, focusing on cost-of-living relief via tax cuts, energy bill rebates, and HECS/HELP relief, among other measures.… read more
From www.accurium.com.au: ‘On 25 March 2025, the Treasurer, Jim Chalmers, delivered his fourth Federal Budget for the
Albanese Government.’
‘With a Federal election to take place in May 2025, the economy is likely to be at the forefront of the Government’s re-election campaign.… read more
From www.lowelippmann.com.au: Lowe Lippmann Chartered Accountants provided commentary on the 2025-26 Federal Budget, highlighting its unusual lack of significant tax changes due to the upcoming Federal Election.… read more
From www.klgates.com: The Australian Federal Budget for 2025-26 introduces personal income tax cuts and some clarifications regarding Managed Investment Trusts (MIT) but lacks substantial reform or new measures, deferring actions until after the upcoming election.… read more
From hlb.com.au: On March 25, Treasurer Jim Chalmers announced the 2025-26 Federal Budget, which emphasized personal income tax cuts and cost-of-living relief measures but offered limited support for small businesses and lacked significant reforms in business taxation and superannuation.… read more