In its Small Business Risk Review released in late 2019, commercial credit reporting bureau CreditorWatch found that court actions due to payment defaults in the construction sector had increased by 40 per cent between the second and third quarter of 2019. Businesses exposed to this sector continue to face the risk of insolvency, with the […]
Large private company groups will be required to complete the Reportable Tax Position (“RTP”) schedule for income years beginning on or after 1 July 2020. The RTP schedule requires taxpayers to report their most contestable and material tax positions to the Australian Taxation Office (“ATO”). A proper tax risk management system can ensure that your […]
The New South Wales Government is cracking down on land tax compliance. Revenue NSW has offered an amnesty period for land owners to voluntarily disclose any non-compliance without incurring an additional penalty on top of their outstanding land tax liability.
In discussing the key challenges healthcare organisations are facing, three CFOs from Victorian public healthcare organisations, highlighted shared challenges at a recent Health Finance Management Conference.
The Victorian Government has introduced changes to Land Tax Act 2005 (LTA) in the State Taxation Acts Further Amendment Bill 2019 which amends the primary production land (PPL) exemption in section 67 of the LTA.
The Board of Taxation has provided Pitcher Partners the opportunity to make comments on their ‘Corporate Tax Residency Consultation Guide’ (the Consultation Guide). The full submission prepared is available via the link below.
Each year Pitcher Partners undertakes an in-depth analysis of the implications of the Federal Budget for middle-market businesses. These insights were presented and discussed with more than 500 business owners, directors and managers at a series of Budget events held around the country last week.
The Treasurer has announced a number of measures that will have a positive impact on businesses in regional Victoria, with reductions to transfer duty for commercial and industrial properties and a further reduction in the regional payroll tax rate.
The Government has again announced superannuation changes in this year’s Budget, which are broadly positive in nature and aimed at increasing contribution opportunities for individuals between the ages of 65 and 74.
The Government has announced an expansion of the instant asset write-off threshold from $25,000 to $30,000, with medium-sized businesses (with a turnover of up to $50m) now also qualifying. Further, additional funding of $60 million will be provided over three years for small and medium enterprises to support Australian exports.
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