Latest news - Forvis Mazars

Taxpayer’s rights and obligations

Now that it’s a new financial year, taxpayers may be anticipating a tax refund from lodging their tax return. However, lodging too soon could mean the information in your tax return is incomplete or inaccurate.

Nature-related risks — The financial wake-up call for business

The Taskforce on Nature-related Financial Disclosures (TNFD), in collaboration with the University of Oxford and Global Canopy, has released a landmark evidence review (Evidence review on the financial effects of nature-related risks – TNFD) that underscores the urgent financial implications of nature-related risks for businesses and investors.

Brad Savage joins Forvis Mazars, strengthening business advisory and tax divisions

Forvis Mazars, the international audit, tax, and advisory services firm, is delighted to announce the appointment of Brad Savage as a new Partner. This strategic addition reflects Forvis Mazars' commitment to growth and its forward-looking approach and ongoing commitment to the Australian market.

National Minimum Wage and Modern Award rates increase announced

Today, Tuesday 3 June, at 10:00 am AEST, The Fair Work Commission (FWC) handed down the Annual Wage Review 2025 decision.

Forvis Mazars announced finalists in Australian Accounting Awards 2025

Forvis Mazars is delighted to be named finalists in four group categories in the 2025 Australian Accounting Awards.

The benefits of timely year end planning

As 30 June starts to come into view, business owners should take the time to estimate how the 2024/2025 year will end up, take a snapshot of the year and determine what tax liability is likely to result and most importantly what the options are to minimise those liabilities.

Watch out! No more tax deductions for interest charged on late tax payments – plan ahead

Taxpayer’s may need to re-think how they fund their future tax liabilities. Parliament has now passed laws to remove a tax deduction for General Interest Charge (GIC) and Shortfall Interest Charge (SIC) with effect from 1 July 2025.

2025-2026 Australian Federal Budget tax & superannuation brief

The Federal Treasurer, Dr Jim Chalmers, handed down the 2025–26 Federal Budget at 7:30pm (AEDT) on 25 March 2025.

Graeme Hedding joins Forvis Mazars as Partner, strengthening audit and assurance expertise

Forvis Mazars, the international audit, tax, and advisory services partnership, is pleased to announce the appointment of Graeme Hedding as a new partner, further strengthening the firm's leadership and expertise in audit and assurance. This strategic addition reinforces Forvis Mazars' commitment to growth and its forward-looking approach in the Australian market.

Bendel Court Decision – A significant win for taxpayers, but proceed cautiously

A recent Full Federal Court decision (Commissioner of Taxation v Bendel [2025] FCAFC 15) unanimously found in favour of a taxpayer has brought into question how the ATO has been incorrectly administering trusts with present entitlements owing to companies.