The Government has proposed improvements to the tax and regulatory regime applying to employee share schemes (ESS). These measures are designed to make ESS arrangements more attractive and accessible to businesses when seeking to attract and retain talent.
The Government outlined a number of significant measures in the Budget as part of a Digital Economy Strategy. As a part of that strategy, three tax incentives were announced, all proposing to reduce the overall tax paid by businesses conducting certain digital activities and investing in the development of intangible assets.
Tonight’s federal budget delivers enough for businesses to keep them sailing along as the economy becomes more buoyant, but it lacks great vision for the direction of the country, instead locking in previous budget measures as business as usual. National Chairman of the Pitcher Partners National Association John Brazzale said tonight’s Budget has been built […]
Like most of the business owners who are my clients, I bring years of education, experience, relationships, leadership and effort to work everyday to try to run a profitable business. These factors are not distinguishable by industry. The owners of the property developer, fashion retailer, software engineer, shoe care manufacturer, office furniture wholesaler, grass seed farmer, PR agency and law firm clients I have represented over the years all have this in common.
The Australian Taxation Office (ATO) team visited our Melbourne firm to meet with Stuart Dall, Partner and film a snippet for ATO TV on their Commercial Deals program. Where appropriate, the program allows Pitcher Partners to better support our clients undertaking commercial deals or business restructures, by having real time engagement with the ATO. “…the […]
From 1 July 2021, certain for-profit private sector entities will no longer be allowed to prepare special purpose financial statements (SPFS), when preparing financial statements under Australian Accounting Standards. Entities that fall into the scope of these changes will instead be required to prepare general purpose financial statements (GPFS).
The Australian Taxation Office (“ATO”) has released Draft Practical Compliance Guidelines PCG 2021/D2 (“draft PCG”) setting out how it proposes to apply compliance resources when examining the manner in which profits by professional services firms are allocated to individual professional practitioners (“IPP”). Once finalised, the revised guidelines will apply from 1 July 2021.
We recently provided our Pre-Budget submission to The Treasury on key issues and policy areas most important to you ahead of the 2021-22 Federal Budget.
Joining Pitcher Partners in 2007, Yina has worked with clients across a range of industries, including logistics, property, and financial services, to name a few. She became a partner of the Melbourne firm in 2021. Yina offers strong technical expertise in and knowledge of income tax in Australia. Developed through her understanding of Australia’s tax […]
As part of its 2020-21 Federal Budget, the Government announced a new JobMaker Hiring Credit to incentivise businesses to hire additional employees.
Thank you for you interest