Our latest insights

The Auditing and Assurance Standards Board (AUASB) board meeting on 16 December 2024 confirmed the final phasing for mandatory assurance of information in sustainability reports. A final draft standard incorporating these changes will be presented to the AUASB for approval in late January 2025.

If government grants are part of your 2025 strategy, take note of the available quarter one funding opportunities. With increasing inflationary pressures, government grants can be an essential alternative funding source for businesses with critical investment projects.

Stay informed about key updates impacting payroll and employment taxes, including the end of the FBT exemption for plug-in hybrid electric vehicles, new pay-day superannuation rules, and FBT year-end compliance tips. Learn how to navigate these changes effectively.

When entering the New Zealand market as a business owner or expanding into Australia as a New Zealand business owner, there are numerous factors to consider.

Updates to Foreign Resident Capital Gains Withholding (FRCGW) rules effective 1 January 2025 increase the withholding tax rate to 15% and remove the $750,000 threshold, applying to all Taxable Australian Property transactions. These changes aim to boost tax compliance for property deals. Find out more how to manage your obligations and avoid penalties.

When buying a car, it's natural to look under the hood. The same principle applies to buying a business.

The ATO raised concerns about franked dividends funded by capital raising, leading to Taxpayer Alert (TA 2015/2) and legislation. On December 4, 2024, the ATO issued draft PCG 2024/D4 to clarify its compliance approach.

The ATO has tightened exemption criteria for country-by-country reporting, effective January 1, 2024. Taxpayers will need to submit more information, aligning with the ATO's focus on international tax risks and local file reporting.

The ATO has increased local file reporting requirements to better understand international tax risks. These changes apply from 1 January 2025, for periods starting on or after 1 January 2024. CbCREs will need more time and resources to comply.

Black Friday results so far point to a strong festive season ahead for retailers. Consumers are balancing growing confidence with a focus on value and quality, while mobile commerce and strategies like personalisation are driving growth. Retailers must adapt to maintain this momentum, prioritising new product launches and standout experiences in December.

On 10 October 2024 the Treasury Laws Amendment (Mergers and Acquisitions Reform) Bill 2024 (the Bill) was tabled in the Australian Parliament in an effort to overhaul Australia’s mergers and acquisition laws. The bill was passed by both houses of Parliament on 28 November 2024.

Merger & Acquisition (M&A) and equity market activity in the Agribusiness, Food & Beverage (Ag, F&B) sector is undergoing a strategic shift, as investors have become more selective and increasingly cautious in response to global economic uncertainty.