Budget 2021 has proposed amendments to broaden the existing reportable transaction regime and to create parallel notifiable transaction and uncertain tax position reporting regimes, with draft legislation to be released in the summer of 2021. These reporting regimes will impose compliance burdens on accountants; failure to comply in a timely fashion may expose both the client and the accountant to stiff penalties. Join Mike Dolson and Perry Kiefer of Felesky Flynn LLP as they examine the draft legislation and review the practical implications for accountants and other professional advisors.