From financialnewswire.com.au: Accountants are facing increasing costs and regulatory pressures, prompting some to disengage from lower-value clients, according to Chartered Accountants ANZ’s submission to the Taxation Ombudsman.

Challenges with the ATO, including timely issue resolution and system functionality, exacerbate these difficulties, leading to higher fees for taxpayers and tax practitioners.

A recent survey identified key priorities for accountants, highlighting concerns about ATO’s management systems and the impending Pay Day Superannuation regime.