Applying Australian accounting standards to your revenue, income or grants is proving a challenging task by many NFP entities. The new accounting standards for revenue and income of NFPs first applied from 1 January 2019 with an option to delay the start date by six months in relation to research grants.
The Victorian Government 2020-21 State Budget included an announcement of stamp duty waivers of up to 50% on transfers of residential property in Victoria with a dutiable value of up to $1 million. The waivers apply to contracts entered into between 25 November 2020 and 30 June 2021.
The State Revenue Legislation Further Amendment Act 2020 came into effect in New South Wales on 24 June 2020 and may impose foreign surcharges on unsuspecting purchasers or owners of NSW residential land.
As part of its 2020-21 Federal Budget, the Government announced a new JobMaker Hiring Credit to incentivise businesses to hire additional employees.
The Treasury Laws Amendment (2020 Measures No. 6) Bill 2020 has been passed by Federal Parliament and contains amendments allowing businesses to opt-out of the temporary full expensing and the backing business investment incentive on an asset-by-asset basis.
Over the next two to three years, merger and acquisition (M&A) activity is likely to increase as a result of the impacts of COVID-19 on businesses.
It’s time to take stock of how you invest and what you might do next.
The Australian Taxation Office (ATO) has announced automatic extensions to a number of key dates for the JobKeeper regime that otherwise fall due in January 2021. In this bulletin, we set out a summary of these concessions.
The NSW State Government proposal to give home buyers a choice between paying up front Stamp Duty or an Annual Property Tax (APT) is seductively simple yet potentially punishing. There are (at least) three aspects of the proposed APT that don’t sit well.
Recently, Pitcher Partners’ Melbourne firm, in partnership with Hall & Wilcox hosted a webinar to discuss the project management fundamentals of digital transformation and the strategic opportunities it provides organisations for significant business improvement.
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