Since 2025, the accounting profession has been going through some significant changes, and many small business owners are only
just starting to feel the impact. Updates to the
Tax Agent Services Act (TASA) have lifted the standard around how tax and accounting services are
delivered, with a stronger focus on transparency, professionalism, and client protection.
While this might sound like more red tape on the surface, these changes are ultimately designed to protect you and your business, and
to ensure you receive advice that is clear, ethical, and genuinely in your best interests. Here is what the TASA changes mean in
practical terms, and why they matter.
| The TASA changes are about raising standards across the accounting profession and giving small business owners greater confidence in the advice they receive. With a trusted partner by your side, these changes can support clearer decisions, reduced risk, and a more secure future for your business. |
The headlines say negative gearing is "gone." For most investors, that is not what the new law does.
From 1 July 2027, the 50% CGT discount will be replaced — for individuals, trusts and partnerships — by two mechanisms working together: indexation of the asset's cost base, and a minimum 30% tax on the resulting net gain.
