From 1 July 2026, Australian law requires accounting practices to carry out anti-money laundering and counter-terrorism financing (AML/CTF) checks when providing certain services. Why are these checks required? The AML/CTF laws are designed to prevent money laundering and terrorism financing, increase transparency around who owns and controls businesses and trusts, and ensure professional services are…
The Australian Government has introduced important changes to the Tax Agent Services Act 2009 (TASA) to strengthen the integrity and professionalism of tax practitioners. These changes affect how your tax agent operates and what you can expect from them. 📜 New Code of Professional Conduct Obligations From 1 July 2025, all tax practitioners must comply with eight new ethical and…
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This end of financial year is a little different for many…. COVID-19 is having an overwhelming effect on individuals, businesses, and the economy. Among all this uncertainty, we are starting to see people and businesses returning to their usual way of life in a measured manner. Our focus today is on matters we can control,…
