“Is Your Business Using Special Purpose Financial Statements? Here’s Why You Might Be Throwing Away Thousands!” While the above sounds like a clickbait scam, it’s an uncomfortable truth that holding on to your old accounting practices does not inspire confidence or open financial doors. Special purpose financial statements (SPFS) are those prepared for a specific […]
The ATO has announced that assurance reviews starting from 1 July 2024 will rate entities within the investment industry on their third-party data tax control frameworks. Large super funds, managed funds and insurance companies need to have adequate policies, procedures and controls in place to meet their tax risk management obligations. Background Investment entities, including […]
Middle market businesses make project investment decisions every week. It might be to acquire a competitor, expand to a new geography, launch a new product or purchase equipment to increase capacity. Capital budgeting theory provides clear guidance on the methods and financial metrics that business leaders should use to inform these investment decisions. So why […]
The Australian automotive industry is considered a mature market. The industry is well versed when it comes to financial and operational KPIs with dealers able to rattle off their parts and service absorption, finance income per new vehicle contract, parts gross profit as a percentage of sales, the front and back end contributions at the […]
Pitcher Partners Melbourne’s Stephen Craig joins CPA for their podcast, INTHEBLACK. Dive into why Dealmakers are feeling confident despite a slowdown in overall activity for 2023. Unpack the reasons behind this cautious optimism and explore what’s driving M&A trends across different deal sizes – small cap, mid-market and large cap. You’ll also discover how the […]
Wage underpayments continue to be in the spotlight, following accusations of ‘wage theft’ against some of Australia’s biggest employers like Wesfarmers, Coles and Woolworths. Not-for-profit (NFP) organisations have been under the microscope too, with allegations levelled at the Australian Broadcasting Corporation, The National Library of Australia, and even government departments. Whilst underpayments may not be […]
Favourable conditions have a way of making investors overconfident, like jogging with a tailwind, it can make you feel more capable than you are. Overconfidence can see a runner take on more than they can handle and before they know it, they’re looking for an Uber to get home. Similarly with investing, overconfident investors can […]
Key findings: Creating a strong Employee Value Proposition (EVP) should be a core focus for an organisation’s leaders People aren’t as interested in climbing a ’career ladder’, instead opting to move around a ‘career lattice’ that offers a wide breadth of experiences Building a strong EVP starts with understanding and listening to your people Workplaces […]
With domestic dealmaking activity at a low ebb, the spotlight has decisively shifted to offshore buyers. Pitcher Partners’ latest Dealmakers report showed inbound M&A reached a staggering $30 billion in the first half of 2024 – the second-highest start to any year on record. The message is clear: international investment is no longer just an option, […]
Many of the businesses we meet with talk in general terms about their future plans, but few have a written succession plan in place. One factor impacting business leaders’ succession planning relates to wariness about competitiveness for increased seniority distracting the tier of emerging leaders from revenue generation. But we also see reluctance when leaders […]
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