“With an Australian Tax Office (ATO) review underway to make financial advice tax deductible, Tangelo Advice Consulting’s Conrad Travers has reiterated why this would be a positive step forward for the industry.

Though Travers, who had been involved in the ATO’s review and update of TD95/60 along with Deloitte legal practitioner director James Alsop, couldn’t offer explicit details on the review, he said: “We are really hopeful that a good portion of ongoing fees will be tax deductible as a result of that efficacy”. “We feel like this is a really strong step in the right direction, and we're going to keep advocating on your behalf,” he told audience members at the 2023 United Association Roadshow.”