You have managed to stabilise your business, you can finally lift your head above the sand. But what is next? Is your business set up to take advantage of any growth opportunities? Are you focused on the right customers and segments with appropriate capability? Or are you taking a scatter-gun approach to survival?
This guide is broken down into two main sections. In section A, we cover the critical issues of trust distributions, Division 7A and franked distributions. As a minimum, we believe that all taxpayers should at least be considering these issues. In Section B, we cover additional considerations for taxpayers. We note that the application of […]
Organisations that have undertaken R&D activities in foreign jurisdictions in the year ending 30 June 2020 may be eligible to claim the R&D tax incentive. While there is typically a 30 June deadline to apply for an overseas finding, disruption from COVID-19 means R&D entities now have until 30 September 2020 to submit their overseas […]
The impacts of COVID-19 require businesses to rapidly implement business-critical projects to retain and re-purpose their most valuable assets and secure the commercial viability of their business. As businesses respond to the dynamic landscape, the suitability of projects must be assessed quickly, and potential risks identified, understood and mitigated.
A Bill containing amendments to the hybrid mismatch rules is set to resolve significant issues that arose for SME taxpayers when the rules were originally introduced. If passed into law, the scope of the deducting hybrid provisions will be significantly narrowed making it easier to comply, with retrospective effect from the original rules’ 1 January […]
We were very pleased to see the launch of the Victorian Government Building Works package yesterday.
With many people working from home over the last couple of months, the processes we never thought twice about in the office have had to be adapted to ensure business keeps running smoothly. Document signing, a process which many companies still do physically, has had to be adapted as people work remotely. Thankfully, e-signing programs […]
Financial support through government stimulus measures and extra debt will be critical for some businesses in the property sector to survive this economic downturn. To thrive, however, property firms need to be thinking about how to strengthen their business’s finances and operations for when many payments stop around late-September. Andrew Clugston, Partner from Pitcher Partners’ […]
The ATO has issued a new ruling to help with the task of performing the decline in turnover test for JobKeeper eligibility purposes.
As the COVID-19 pandemic develops, CEOs and executive leadership teams in not-for-profit (NFP) organisations need to look at how they will strengthen their day-to-day operations and demonstrate strong and authentic leadership. Assuming your organisation has taken a step back to ensure it has effective governance structures in place, the next step NFPs need to take […]
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