Our latest insights

Following the finalisation of the Taxation ruling TR 2023/1 on residency tests for individuals, the ATO have now issued a consultation paper on the new proposed changes relating to assessing an individual’s tax residency.

To ensure effective integration and outputs, alongside financial viability of new renewable projects, developers, owners, asset managers, energy retailers and investors need to understand the impacts for new and existing projects caused by grid congestion and supply and demand fluctuations.

GST Error Rules Changing: BAS Correction Updates

The AAT ruling in Chobani Pty Ltd and FCT [2023] AATA 1664 highlights the increasing complexity of the classification of food for GST purposes.

APRA-regulated businesses operating in the banking, insurance, and superannuation industries will soon be faced with significant regulatory changes. APRA and the ASIC have commenced early consultation around the introduction of the Financial Accountability Regime, which aims to establish a strong accountability framework to enhance risk management and governance practices in the financial sector.

In this episode of Navigating the New Normal, Pete Burgess, Partner in Corporate Finance, and Simone Barker, Director in Innovation Incentives, discuss how they support their clients to secure funding in order to grow.

A new financial year brings superannuation changes, and with it comes opportunities to strategise how you can increase your retirement wealth. We summarised the superannuation changes that you should be aware of from 1 July 2023.

In recent years Division 7A interest rates have remained low, providing businesses with the opportunity to withdraw funds from their company and diversify their investments.

Bec Brideson began her remarkable career in communications and has worked across multinational agencies in Melbourne, Sydney and New Zealand. Her own experiences in the workforce drove her desire to teach the corporate world about the power of seeing business through a gender lens.

The cap on the amount of superannuation benefits that can be transferred into retirement pension phase (known as the Transfer Balance Cap) having been recently increased by indexation to $1.9m from 1 July 2023 and all Self-Managed Superannuation Funds (SMSF) with members in the retirement phase will be required to report certain events that affect their members’ Transfer Balance Accounts (TBA) on a quarterly basis from 1 July 2023.

To achieve sustainable growth for your business, you need to navigate the complexities of scaling, financial processes, working capital, and more. As such, it’s critical to know whether your advisor is working with you to future-proof your business and plan for growth – or if they’re just ‘doing the books’. Does your advisor truly understand of your business direction, strengths, and provide tangible advice to enable your growth goals?

APRA has released the long-awaited findings from its independent tripartite cyber assessment over compliance with CPS 234. The themes identified by APRA are based on the audit of more than 300 banks, insurers and superannuation trustees – a significant industry wide program.