Our latest insights

Accounting standards issued but not yet effective for 31 December 2024

What’s new for December 2024

Discover the ATO's new compliance initiative targeting medium-sized and emerging businesses. Learn about the key areas of focus, including trusts, Division 7A, CGT concessions, and income reporting, to ensure your business meets its tax obligations and avoids common errors.

With the United States of America electing President Donald Trump for a second term, many economists are considering how this will affect both global and local economies. Whether potential tariffs come to fruition, Australian businesses should take this opportunity to review their supply chain, transfer pricing policies and export strategies and prepare ahead of time to lessen any potential impacts to their business.

The Labor Government hasn’t secured the necessary crossbench support to pass its proposed tax on superannuation accounts exceeding $3m. As of the most recent sitting of Parliament this week, the Bill has not been included in the government's list of priority legislation, raising questions about its viability and the likelihood of it being enacted into law.

Money and finances can often be a sensitive and discreet topic in families, but what about families that own and operate a family business? Discussions about money can often begin around the dinner table, with even very young children receiving pocket money in exchange for chores.

Our Brand Ambassador Jess Fox’s skills in whitewater, adaptation to rapidly changing conditions and negotiation of upstream and downstream challenges resonates deeply in professional services, and she personifies our brand promise ‘Reach for Remarkable’ in everything she achieves.

In today’s competitive retail landscape, consumers expect more value than ever. From affordable options to personalised experiences, the challenge for retailers is clear: how to consistently meet and exceed these expectations.

It’s common for business owners to transfer shares to their children as a reward for valued contributions to the business. Ownership can also motivate individuals to perform better as they have a vested interest in the company's success.

Financial governance is critical in every finance team. It includes systems, policies and processes to govern how finances are managed within a business. Establishing strong financial governance ensures genuine stewardship, accountability, transparency, and sustainability.

On 7 November 2024, ASIC released draft regulatory guidance for sustainability reporting.

The purpose of this Alert is to draw attention to the Consultation Paper CP 380 Sustainability reporting (consultation paper) and accompanying draft regulatory guide RG 000 Sustainability reporting (draft regulatory guidance) published by the Australian Securities and Investment Commission (ASIC) on 7 November 2024.