Recent comments by Shadow Treasurer Dr Jim Chalmers, have pointed in the direction of the Australian Labour Party (ALP) possibly re-proposing their 2019 policy for adult beneficiaries of a trust (Trust) to be taxed at a minimum rate of 30%, putting middle-market businesses at risk of losing out. Projections suggest the increase in tax could […]
The world has recently been enthralled with the breakdown of the once tight bond between William, Duke of Cambridge and Harry, Duke of Sussex. Harry has relinquished his rights and duties to the throne in favour of a luxe life in America, causing debate as to whether he and his children should remain in the […]
The pandemic has claimed many businesses victims, forcing once thriving establishments to close their doors indefinitely. After witnessing the affects the pandemic has had on the business environment, you may be asking yourself if it is possible for a business to navigate out of the current crisis? The answer is yes.
When most people talk about preparing a business for sale they jump straight into business hygiene – making sure that books and records are clean and up to date and will stand up to intense scrutiny from the buyer population. Whilst considerations such as these are important, more is involved. The first task is to […]
As a result of the ongoing impact of COVID-19, the State and Territory governments have announced various programs aimed at supporting individuals and businesses. The Federal Government has made many of these grants non-assessable non-exempt (“NANE”) income.
Over the last twelve months we have seen many NFPs struggle with applying the revised income and revenue recognition accounting standards as part of their financial reporting processes. Further, we have seen the board members of these NFPs having difficulty in understanding how the resulting outcome of applying these standards is logical and consistent with the underlying objectives and mission of the NFPs.
The Victorian Government has issued regulations for the new Commercial Tenancy Relief Scheme which set out the process that must be followed by landlords and tenants in respect of further requests for rent relief as well as other requirements in respect of leases. To qualify for rent relief, tenants must meet a decline in turnover […]
Listen in as Pitcher Partners Sydney’s Alison Wood and special guest Jason O’Connell discuss essential planning for UK or Australian citizens with UK assets or links. The information presented in this webinar was accurate at the time of recording, 1 September 2021.
There’s a raft of new regulatory and compliance issues ahead for the financial services sector. Experts from McMahon Clarke and Pitcher Partners held a Compliance Committee Forum covering some of the latest issues for financial services. They cover topics including: Latest legal update: fundamentals of the new Design and Distribution Obligations (DDO) and changes to […]
As part of its 2021-22 state budget, the Victorian government announced some important changes to stamp duty, land tax and payroll tax. It also surprised the property industry by announcing a new windfall gains tax on increases in a property’s value as a result of a re-zoning event. These changes impact a wide range of […]
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