I have a background as a litigation lawyer. I can honestly say that the bulk of the legal profession were courteous and supportive compared to the inherent conflict I have experienced at almost every level of the property, development and construction industry. This is even more incongruous when I factor the symbiotic nature of the […]
Key points: Victoria is the only state where new business starts have declined from 2021 levels Government policies, labour market shortages and supply chain dynamics significant factors affecting productivity Removal of stamp duty exemptions, Foreign Buyers Duty and increase in payroll tax contributing to an unfavourable business climate Victoria risks losing even more business investment […]
In April 2024, Treasury released for comment exposure draft legislation (see here) seeking to introduce income tax concessions for Build-to-rent property developments to give effect to a Federal Budget announcement made on 9 May 2023. The proposed concessions consist of a capital works deduction rate of 4% per year and a reduced withholding tax rate […]
Handing over a business to your children takes a long time and can be emotionally draining but when executed well, it is rewarding for you and reassuring for those involved in the business including family, staff, customers and suppliers. Social media would have you believe presenting your son or daughter with the keys to your […]
This is the third iteration of the Pitcher Partners Motor Industry Services – Australian Listed Dealer Comparison. Gain insight into the three listed motor dealer groups and explore how economic constraints and improved supply chain issues affected them. This report covers: 2023 results and 2023/24 outlook Current market conditions The industry at a glance
Productivity growth of 1% doesn’t seem like much. It’s the sort of target that feels approachable without the need for wholesale change. But what seems like a marginal improvement can deliver in a big way for individual companies and the wider economy. In terms of labour productivity – which is what the Reserve Bank and […]
You could be ‘parked’ with a $300,000 FBT liability if you don’t take the time to consider it. Under FBT rules, if an employer provides car parking to an employee, either at their own premises, at a parking facility or leased car park near their place of employment, there may be a potential FBT liability. […]
Even though we’re accountants and advisors, it’s important to us that you see beyond the numbers. We’re endlessly curious about finding better opportunities and creating better outcomes for your business or private wealth and we recognise that an important piece of the puzzle is providing you with the information to help you make the right […]
Expanding to new markets offers many opportunities, including helping to grow revenue streams, increase staffing opportunities and facilitate strategic acquisitions. Professional services as a whole are in an exciting period of growth on an international scale, with several notable partnerships and expansion. For example, UK top-60 law firm Taylor Rose MW chose to partner with […]
On 20 March 2024, the Victorian Government introduced the Commercial and Industrial Property Tax Reform Bill 2024 (Bill) into Parliament. The Bill establishes the new Commercial and Industrial Property Tax (CIPT). The introduction of the Bill follows the announcement in the Victorian Government’s 2023-2024 State Budget of its intention to progressively abolish stamp duty on […]
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