Interview: Victorian government introduces a surprise new tax
The Victorian government has announced a new tax expansion on vacant and undeveloped properties, with Treasurer Tim Pallas announcing the reform act at property breakfast yesterday.
The ATO is increasing its debt recovery activity – is your business ready?
In recent months, the Australian Taxation Office (ATO) has significantly intensified its efforts in debt recovery. Consequently, an increasing number of small businesses owners are now being issued Directors Penalty Notices (DPNs) and are forced to contemplate the possibility of seeking insolvency guidance.
Is real estate the right asset to fund retirement?
Investment strategies evolve with changing financial needs. While real estate has been a reliable choice, especially for Australians, exploring alternative options becomes crucial in times of low debt requirements and the need for high liquidity, particularly in retirement. While property has delivered impressive returns over the years, it’s essential to keep an open mind and consider diversifying your investments to secure your financial future.
Scope 3 emissions: Building a resilient supply chain doesn’t happen overnight
The August profit reporting season was fruitful for Coles Group, which recorded a surge in revenue to post an annual profit to $1.1 billion, a 4.8% rise from the previous year. But the supermarket and retail giant also made another statement in August that was much less reported – its Scope 3 emissions supplier engagement target. It was a significant move by Coles, who stated they intend to set sustainability targets with at least 75 per cent of its suppliers over the next four years.
NSW Labor government announces significant duty and land tax changes in its first budget in 12 years
In this article, we explain the key duty and land tax changes proposed in the NSW budget which are set out in the Treasury and Revenue Legislation Amendment Bill (‘the Bill’) and discuss what taxpayers can do to prepare for the changes.
Key tax considerations for US citizens in Australia and Australians in the US
Our cross-border tax experts Terry Hoban and Noelle Abella will address some of the common queries that we encounter working with clients on a daily basis
Australian listed dealer comparison
This is the second iteration of the Pitcher Partners Motor Industry Services – Australian Listed Dealer Comparison.
Strategies for building customer loyalty in the retail industry
Brand loyalty is necessary when looking to drive purchases in an unstable retail economy. Loyalty requires value alignment and a multi-channel approach to connect with customers. Careful channel customisation, tailored to engage a targeted demographic is key to ongoing engagement
Our advocacy work: Climate related financial disclosure
In June 2023, Treasury released a second consultation paper seeking views on the Government’s proposed requirements for disclosure of climate-related financial risks and opportunities in Australia and the implementation timeline.
An Airbnb tax is not the answer to the rental crisis
A promised housing package from the Victorian Government could see a range of changes to short stay accommodation . A debated ‘Airbnb tax’ is just one, imposing levies and yearly caps on short stay property use . Reducing some land taxes and other fees could encourage landowners to make vacant dwellings available for longer term rent.