Year End Tax Planning 2022
With the end of the financial year looming fast, it is an opportune time to consider the tax and financial affairs of your business and ensure that your year-end tax planning is in order.
Christopher Spanos
Chris is a senior member of the funds management services team at Pitcher Partners Melbourne. With his 13 years of professional experience assisting a diverse range of clients, Chris provides accounting, taxation and commercial advisory services to privately owned businesses, not-for-profit organisations, high net wealth families and financial service businesses, including managed funds. Chris’ specialises […]
ATO finalises approach to Professional Practices
Working in professional services? Find out how new ATO Guidelines might affect you and your firm.
Four years after suspending their guidelines, the ATO has finalised its compliance approach to the allocation of professional firm profits with the publication of Practical Compliance Guidelines PCG 2021/4, set to take effect from 1 July 2022.
Our advocacy work: Section 100A
Earlier this year, the ATO released long-awaited guidance on the application of section 100A. Find out more.
Our advocacy work: Division 7A
The ATO has updated its view regarding the treatment of unpaid present entitlements for Division 7A purposes.
Federal Budget 2022-23 | March: Sydney Webinar
Join Pitcher Partners as we discuss this year’s Federal Budget and its impact on Australian businesses. Our comprehensive analysis will examine the tax, industry and economic implications of what is expected to be a ‘pre-election’ Budget, allowing you to make informed decisions and plan for the next financial year. Our expert speakers will discuss the […]
Federal Budget 2022-23 | March: Superannuation
The Government has broadly left the superannuation system unchanged, with a minor extension to the minimum drawdown percentage to 30 June 2023. The Government confirmed that it will continue with the 50% minimum pension drawdown reduction for account-based superannuation pensions, extending the measure for a further year to 30 June 2023. This measure is intended […]
Federal Budget 2022-23 | March: Overview
The overall structure of the Federal Budget 2022-23 appears to have been designed not to offend any voter in the electorate. To this end, it could be said that the Budget lacks a constructive and meaningful push for greater innovation or efficiency within the business community. However, in its defence, the Budget handed down may […]
Federal Budget 2022-23 | March: Tax Integrity
The Budget provides funding to extend the Tax Avoidance Taskforce for a further two years to 30 June 2025, while expanding their digital data matching capabilities in respect of trust tax returns and payroll data exchanged with states and territories. Tax Avoidance Taskforce From 2023–24, the Government will provide the ATO with an additional $652.60 […]
Federal Budget 2022-23 | March: Personal income tax
The Government has announced an increase of $420 in the “low and middle income tax offset” for the 2021-22 income year but no changes to the personal income tax rates. Low and Middle Income Tax Offset In a measure designed to ease cost of living pressures, the Government will increase the low and middle income […]