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UK budget: It is all about stability

The Chancellor of the Exchequer, Rishi Sunak has presented the March 2021 UK budget, with a series of financial measures to assist the country through the next phase of the pandemic. After bearing the brunt of three lockdowns and the consequent crippling of the economy, the budget includes £407billion aimed towards supporting struggling businesses and individuals.

Radar for Growth: Liz Jones, Lotus Doors on being brave and tackling challenges from within

A family-owned business with 160 staff, and annual turnover of $45 million, Lotus Doors is a highly innovative player in the world of adaptive space solutions. In this episode Liz Jones, CEO of Lotus, shares the journey from becoming the company’s new CEO and diagnosing organisational problems to driving the company’s continual growth and reputation for quality. The company has changed a lot since its inception. Fostering a productive workplace culture has been a big part of driving this change.

ATO releases new draft guidelines on the allocation of profits by professional services firms

The Australian Taxation Office (“ATO”) has released Draft Practical Compliance Guidelines PCG 2021/D2 (“draft PCG”) setting out how it proposes to apply compliance resources when examining the manner in which profits by professional services firms are allocated to individual professional practitioners (“IPP”). Once finalised, the revised guidelines will apply from 1 July 2021.

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