Australians are currently struggling with cost-of-living increase including essential goods such as housing, utilities, petrol and groceries. Consequently, household budgets are being altered across the country to tighten spending and temporarily alleviate financial pressures.
While Family business make up 70 per cent of the Australian economy, only 12 per cent makes it to the third generation. As the first and second generation work on and in the business, it’s crucial to try and keep it alive – to uphold the legacy and ensure the business thrives for future generations.
Payroll remediation has become a hot topic in recent years with major issues continuing to be relevant for both small and large employers alike. Some of Australia’s most well-known brands have recently found themselves dealing with payroll issues – most often inadvertently.
There exists a wide array of advantages that businesses can realise in integrating important Environmental, Social and Governance principles. These include reducing costs, improving operational efficiency, enhancing reputation, increased accountability, and attracting talent.
The Treasury Laws Amendment (Making Multinationals Pay Their Fair Share – Integrity and Transparency) Bill 2023 (‘the Amendment’) was passed on the 27 March 2024 by the Federal Government.
To facilitate continued innovation in the Agribusiness sector, the Federal Government’s Research and Development Tax Incentive supports companies to undertake research and development activities that meet the eligibility criteria.
Property has always been a favourite investment class for Australians over the years. However, the ability to use your biggest and most important asset for retirement to get exposure to direct property can be quite limited in the industry and retail fund landscape, which many Australians have.
Some families spend a lifetime generating wealth and hope to financially set up future generations. However, when looking at Estate Planning, sometimes families only consider one generation at a time.
In a family law matter, the outputs from an expert valuation – usually a single expert valuation – are often pivotal to the outcomes for the parties involved. Therefore, how a single expert valuer is engaged and utilised by the parties should be carefully considered and planned so the parties achieve maximum value.
Franking credits – a cornerstone of the Australian tax system – often an underappreciated aspect of tax planning, represent a potent asset for investors, particularly as the fiscal year draws to a close.
The Australian R&D Tax Incentive (RDTI) is the key federally funded program for encouraging and supporting businesses undertaking innovation, research and development onshore in Australia.
Valuation of private businesses can be a nuanced and complex process when there is no dispute involved. Business valuations as part of a dispute create additional layers of complexity and require consideration of different issues.