ATO finalises compliance approach on imported hybrid mismatch rule
The ATO has published Practical Compliance Guideline PCG 2021/5 (“the PCG”) setting out its compliance approach in relation to the imported hybrid mismatch rules.
Parliament introduces legislation to extend the loss carry back measures to the 2022-23 income year
The 2020-21 Federal Budget introduced a temporary loss carry back regime in response to the COVID-19 pandemic. The rules allow for corporate tax entities to carry back tax losses from the 2019-20, 2020-21 and 2021-22 years as far back as the 2018-19 income year to generate refundable tax offsets. Pursuant to the 2021-22 Federal Budget […]
Hugh Taylor
Hugh has over 35 years of experience in chartered accounting and specialises in superannuation, retirement and estate planning, administration of self-managed funds and business investment and structuring. His experience spans a range of clients including investors, medical and health care specialists, property and construction and professional practices. Hugh utilises his strong relationships with lawyers, actuaries […]
Greg Wilkins
Greg has provided advisory services to privately-owned businesses, not-for-profit organisations, investors and family groups for more than 18 years. He specialises in providing advice on corporate governance, finance function improvements, obtaining grants and government support, strategic planning and structuring, due diligence engagements and accounting and tax compliance. Throughout his years of service Greg has developed […]
Ankit Sharma
Ankit is a longstanding member of the Pitcher Partners family, having been with the firm since 2008. He takes a holistic approach to delivering on client’s need, balancing technical expertise, simplicity and commerciality. With a client portfolio that includes executives, investors, professional services partners, high-net-worth groups, and family offices, Ankit has the expertise to navigate […]
Linda Oliver
Having worked in the advisory space on accounting and tax issues for private family groups, SMEs, business subsidiaries of multinationals, and trusts, Linda has a multi-faceted understanding of the middle market. Harnessing a personable and proactive approach to client service, Linda strongly values open and honest communication to build strong longstanding client relationships. She truly […]
Sheree Cant
With over 30 years of experience in public practice, Sheree has worked with a wide range of family enterprises in relation to their business and taxation affairs. With taxation having been a large part of Sheree’s career, she is able to confidently advise on taxation matters including Capital Gains Tax, GST, corporate income tax and […]
Debbie Hung
Joining Pitcher Partners in 2004, Debbie has worked with private business and high net worth individual clients on a range of advisory matters, including management accounting, budgeting, cash flow management, business structuring and taxation advice. She became a partner of the Melbourne firm in 2021. Having worked with clients across a diverse industry base, Debbie has taken her learning from each engagement to grow continually, which has been a key focus throughout her […]
Andrew Mitchell
Joining Pitcher Partners in 2008, Andrew has worked with private business and high net worth individual clients on a range of taxation and advisory matters. He became a partner of the Melbourne firm in 2021. A key focus in Andrew’s work is taking the time to ask questions and understand his clients so that he can consider their broader long-term objectives when he’s providing advice. Quite […]
Aggregated turnover to be calculated for an entity’s financial year even if group members use different balance date
The Australian Taxation Office (“ATO”) has issued draft taxation determination TD 2021/D1 (“draft TD”) which sets out its view that an entity must work out its aggregated turnover by reference to its income year. As such, the annual turnovers of any of the entity’s connected entities or affiliates (whether in Australia or a foreign country) must be calculated using the test entity’s income year even if the connected entity or affiliate has a different financial year end.