Earlier this week, Federal Treasury announced proposed tax incentives to stimulate business innovation in our technology sector.
Legislation on new standards for transfer pricing documentation and Country-by-Country (CbC) reporting was released by the Government which will impact many Australian companies.
In December 2015 the Basel Committee released its second consultation paper on the standardised approach to credit risk, proposing substantially higher capital requirements on investment loans.
A summary of the latest on fringe benefits tax covering credit card loyalty programs, FBT end-of-year considerations, and new entertainment caps for Not-For-Profits from 1 April 2016.
The ever-increasing competitive demands of the business environment and divergent interests of next generation family members often result in family businesses turning to non-family executives to fill key leadership roles, such as that of the Chief Executive Officer and other strategic positions.
Businesses today have access to an unprecedented raft of data and information on which to base decisions. Increasingly, however, this is complicating rather than clarifying matters for clients who want to grow their business.
Clubs appear to prosper across Australian towns and cities, but operating a successful one isn’t easy. Gone are the days when selling a cold beer to members after a round of golf was enough. Competition is fierce and developing the right strategy to attract and retain patronage is a constant challenge. With external factors outside an operator’s control, managers must focus on exploiting the business’s strengths while mitigating operational weaknesses and seizing all available opportunities.
In late 2015, ASIC released its consultation paper on proposed guidance for Australian Financial Services Licence (AFSL) holders concerning client review and remediation programs. The guidance sets out the key principles against which ASIC will assess such programs.
Last year saw heightened public awareness regarding fraud and corruption and its impact on the Australian property market. The most significant risk was, and remains, the investment of foreign proceeds of crime in Australian property.
The introduction of Tax Law Amendment (Combating Multinational Tax Avoidance) Bill 2015 (MAAL) casts the spotlight onto corporate activity that encourages the reduction of tax in Australia through the manipulation of profits, devising of profit shifting schemes and tax manipulation regimes.
