CPA Australia issues warning on AI and ‘finfluencer’ tax tips amid major reforms
Key takeaways
- CPA Australia issues warning on AI and ‘finfluencer’ tax tips amid major reforms CPA Australia is urging taxpayers to seek qualified professional advice as the end of the financial year approaches.
- According to CPA Australia tax lead Jenny Wong, the 2026–27 Federal Budget contains the “most substantial proposed changes” to the tax system in decades.
- Wong said: “With major changes proposed across capital gains tax, property investment and trust structures, it would be very unwise to rely on generalised advice from social media or AI tools.
CPA Australia issues warning on AI and ‘finfluencer’ tax tips amid major reforms CPA Australia is urging taxpayers to seek qualified professional advice as the end of the financial year approaches. Credit: Ar Dan Me/Shutterstock.com. · The Accountant · Ar Dan Me/Shutterstock.com. Ellichipuram Umesh Tue, June 23, 2026 at 4:15 PM GMT+7 1 min read CPA Australia has advised taxpayers to obtain professional advice as the end of the financial year approaches, cautioning that guidance from social media “finfluencers” or AI tools could result in “costly mistakes”.
According to CPA Australia tax lead Jenny Wong, the 2026–27 Federal Budget contains the “most substantial proposed changes” to the tax system in decades. This includes capital gains tax (CGT) reforms, negative gearing and discretionary trusts.
Wong said: “With major changes proposed across capital gains tax, property investment and trust structures, it would be very unwise to rely on generalised advice from social media or AI tools.