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Transitioning support for auto supply chain companies

07 Dec 2015

As major car manufacturing in Victoria ceases, Victorian automotive supply chain companies are offered intensive transitional support. 

Innovation in Australia

06 Dec 2015

The Government’s National Innovation and Science Agenda was launched on 7 December 2015. Designed to stimulate business innovation in Australia, it includes a number of proposed tax reforms targeting start-up businesses, which we summarise in this article. 

New FBT entertainment cap introduced

24 Nov 2015

Following approval in both houses of parliament, legislation to cap FBT concessions for certain entertainment benefits from 1 April 2016, and limit the ways car deductions can be made from 1 July 2015, now awaits Royal Assent.

New reporting obligations for multinational companies

09 Nov 2015

The Government has released draft legislation on new reporting standards for transfer pricing documentation and Country-by-Country reporting (CbC reports) that will impact many Australian companies. These new reporting standards are the first tangible impacts flowing from the OECD’s Base Erosion and Profit Shifting (BEPS) project.

Melbourne plan refresh: The 2050 metropolitan planning strategy

01 Nov 2015

The Andrews Labor Government recently released the Plan Melbourne Discussion Paper, its long-term vision for affordable housing close to jobs, targeted infrastructure and public transport, aimed at maintaining Melbourne as one of the world’s most liveable cities.

The truth behind business failure

28 Oct 2015

Business failure is commonly attributed to economic cycles or factors that are outside of a business’s control. In reality, failure typically arises as a result of both external and internal factors, with the interaction between these factors and how management address these matters, being the true underlying cause.

Unlocking super

27 Oct 2015

Family businesses starting out or looking to grow often struggle with accessibility to working capital (i.e. cash). For many, super is often perceived as a cash reserve just sitting there not being utilised effectively. Can superannuation also offer private and family owned businesses retirement benefits to its members AND an opportunity to amplify their business?

2015 Distinguished Family Business of the Year

27 Oct 2015

Charles Parsons was named the 2015 Distinguished Family Business of the Year at the National Family Business Conference.

New fees hurt developers’ bottom line

27 Oct 2015

Proposed legislation under consideration by the Federal Government will levy substantial fees on developers who plan to sell their 100 plus lot residential developments to foreign purchasers if enacted. The fees will apply to both Australian and foreign-owned developers.

Payroll Tax Rebate – Action before 23 November 2015

21 Oct 2015

The Office of State Revenue announced this week that there will be additional scrutiny on retrospective NSW Payroll Tax Rebate applications made after 23 November 2015.