Media Releases

View what we have to say about topics of interest to our members and the accounting profession.

  • LODGE EARLY AT YOUR PERIL - TAX TIME 2019 WARNING

    With the end of the financial year fast approaching, some taxpayers are turning their mind to organising themselves in preparation for lodging their 2019 tax return early in July. We understand there is a strong incentive to lodge early to get your hands on some extra cash courtesy of our tax system if a refund is expected. We want to remind taxpayers that there are added complexities in lodging early, particularly this year due to two new factors at play.

  • IPA AND CMA SRI LANKA SIGN MUTUAL RECOGNITION AGREEMENT

    The Institute of Public Accountants (IPA) is pleased to announce the signing of a mutual recognition agreement with the Institute of Certified Management Accountants of Sri Lanka (CMA Sri Lanka) commencing 24 May 2019.

  • $3K TAX CAP: POLICY LOOKING FOR A PROBLEM

    By declaring tax deductions for accounting fees as a rort, Labor has not only attacked the accounting profession, it has attacked millions of hard working taxpayers who are doing the right thing in paying their fair share of taxation, says the Institute of Public Accountants (IPA).

  • HOLDING PATTERN FOR DIVISION 7A WELCOME

    The Government’s deferral of the start date for changes to Division 7A from 1 July 2019 to 1 July 2020, has been welcomed by the Institute of Public Accountants (IPA).

  • BUDGET 2019: WHAT IT MEANS FOR SMALL BUSINESS

    Some of Australia’s unincorporated small businesses may welcome the news of personal income tax cuts announced in tonight’s Federal Budget but many will not reap the benefit this year, says the Institute of Public Accountants (IPA).

  • CLOSE BUT NO CIGARS YET FOR INSTANT ASSET WRITE-OFF

    The increase from $20,000 to $30,000 for the instant asset write-off initiative along with a change in turnover threshold announced in tonight’s Federal Budget is welcomed but doesn’t go far enough, according to the Institute of Public Accountants (IPA).

  • ACCOUNTANTS IN POSITION TO HELP FILL ADVICE GAP

    The Hayne Royal Commission reinforced the importance of trust and seeking appropriate advice from professionals and this sentiment has been echoed by the ATO acknowledging there is a gap between ‘full financial advice and smaller matters’.