The uncertainty around availability of fuel has seen fuel prices soar across Australia.
As a result of COVID-19, international supply chain issues are now affecting businesses across all industries on a scale not seen in the last 50 years.
In this year’s Federal Budget, the Government has allocated $1 billion to the manufacturing sector to supercharge investment with a focus on seven key areas.
Despite the positive economic outlook, the effects of the COVID-19 pandemic have been far reaching and have had a lasting impression on one of business’s biggest resources – its people.
On 28 March, the ATO sent its strongest message on debt enforcement since the COVID-19 pandemic commenced, advising that it is now issuing letters to taxpayers informing them about their potential personal liability for company tax debts under the Director Penalty Notice (DPN) programme.
The Queensland Government has today announced that the implementation of phases 3 and 4 of the Project Trust Account framework will be delayed by 9 months.
The compliance requirements for disclosure of transfer pricing adjustments – which need to be supported by Valuation Advice rulings or registration in the Provisional Value Scheme as above – are highly technical.
M&A deal volumes are up – the most they have been since 2010. A new sector has taken the top spot for the number of transactions in the market.
New COVID-19 variants remain a risk for all world economies and this uncertainty has the potential to impact business confidence and investment decision-making. This will be weighing on the Australian Government as it fine-tunes the 2022-23 Federal Budget.
After two years of upheaval, consumers are finally looking beyond the pandemic. With lockdowns now in the rear-view mirror, retailers have enjoyed relatively normal trading over the past several months and sales remain well above pre-pandemic levels. But how long will this continue? And what trends should we expect to see impacting retail in 2022?
M&A activity has had a significant uptick during the pandemic, with cashed-up buyers capitalising on opportunities for strategic investments. With any investment, it is important to properly assess the level of tax risk that a target investment entity presents.