Federal Budget 2023-24: Sydney webinar
On Thursday 11 May 2023, Pitcher Partners Sydney hosted a webinar event with expert commentary on the Labour Government’s 2023-24 Federal Budget
The Australians who will likely be ‘disappointed’ by the federal budget
Australian business owners will likely be feeling “a little bit disappointed” by the federal budget handed down last night.
Partner at Pitcher Partners, Craig Whatman, says “there’s really no relief for business at a time when the economy is expected to soften and growth is expected to slow”.
Challenges and solutions for employee share schemes for small listed companies
Employee share schemes can be a powerful tool for businesses looking to motivate and retain their staff. By giving employees the opportunity to own a stake in the company, businesses can align their interests with those of their workers and encourage them to work towards the company’s success. In this article, we’ll take a look at how to set up an employee share scheme discount sale in your business. We’ll cover the benefits of offering such a scheme, the different types of schemes available, and how to structure the scheme for maximum success. Whether you’re a small business owner or a large corporation, an employee share scheme could be a valuable addition to your remuneration package, so let’s get started.
Wish list for mid-market business from the upcoming Federal Budget
Middle market businesses continue to pull more than their share of economic weight in the Australian economy over the last 12 months as the economic landscape continued to shift and pivot in a fluid financial system.
Update on the proposed $3m super balance tax
We understand that the recent proposal to impose an additional tax on superannuation balances greater than $3m may be causing you concern and questioning whether you should be doing anything with your super.
Is your business ready for mandatory climate reporting?
Every business is already impacted by climate change and the national and global move to a more decarbonised economy. As we respond to climate change, even small to medium size businesses will feel the effects on their business models, supply chains, risk management and attitudes of customers and staff. This is particularly the case for businesses whose customers include larger businesses or emission generating businesses, who will have to understand and report on the emissions of their suppliers.
Abolishing stamp duty: Housing affordability at the expense of long-term strategy?
As part of a plan to create more affordable homes and slow the growth of the city’s urban fringe, abolishing stamp duty could improve accessibility to the housing market. However, the state has become increasingly reliant on property taxes including stamp duty, which now account for more than 40% of state revenue. The other main property tax in the state’s revenue base is land tax, with many landowners experiencing staggering increases in their land tax, between 25% and 150% in some cases this year.
What is customer listening?
As businesses navigate the impact of the rising cost of living on operations, it’s important to foster strong customer connections. Understanding changes in customer expectations will be a cornerstone of corporate success as customers tighten their belts and businesses re-examine their spending priorities amid economic uncertainty.
Cybercrime: The importance of a chain of command
Pitcher Partners Radar report has shown that business leaders may overestimate their organisation’s preparedness for a cyber-attack or data breach, potentially leading to underestimation of the risks they face. While cybersecurity is a top priority for most mid-market companies, there is some ambiguity regarding who is responsible for cybersecurity.
Australia’s Privacy laws are changing: What does it mean for data governance?
Australia’s Privacy Act is under review, possibly modelled off the EU’s General Data Protection Regulation (GDPR). Updates to the Act may require Australian businesses to have Data Protection Officers (DPO). Businesses may need to upskill internally or look externally for the right skillset