The Federal Budget has been handed down, so what’s the impact for Chartered Accountants? There is little in the way of substantive tax reform but there are announcements regarding ATO funding and powers, payday super and the instant asset write-off that members will need to be across for their clients. CA ANZ Senior Tax Advocate Susan Franks CA and CA ANZ Superannuation and Financial Services Leader Tony Negline CA were in the Budget lock-up on Tuesday (14/05/2024) night and have discussed some of what’s been revealed with Gillian Bowen.

Check out all of the CA ANZ Federal Budget analysis.

“Payday super is a big deal and I encourage all our members in public practice to talk to their clients about it.”

“Our members should be very aware that the ATO, as part of this crackdown on fraud, has been given the ability to extend the time it can retain activity statement refunds.”