Our latest insights

In July last year, the Appeals Panel of the New South Wales Civil & Administrative Tribunal (“the Panel”) decided against the taxpayer in the Thomas & Naaz appeal.

Schools and education facilities are not immune to fraud and misconduct. It can be in the form of theft, misappropriation of funds, or the granting of contracts to known associates of key people.

Generally, when we talk with family businesses about the next generation ‘taking over’ we break this down into two parts – management and ownership. Every business – like every family – is different and what this means in one family business may be completely different in another.

It is not uncommon for parents to advance their children money. What the funds are used for may be a significant consideration in how the transfer may be structured from the family business entity, or group of entities, as there may be several financial, taxation and legal consequences.

When Buy Now, Pay Later (BNPL) services became mainstream in Australia from around 2015, initial activity in the retail sector and the credit card market seemed in favour of BNPL. Using BNPL appeared an easy way to have something now and worry about paying off the debt for another month or two.

It is evident the pandemic created many challenging situations for CEOs where they were required to act quickly on problems their business faced. But is it now time to stop, reflect and reassess? As we near the end of the year where we become fatigued, the effects of the pendulum can start to surface, and these issues should be addressed.

Across New South Wales (NSW) there are 128 local councils, all with the important role of building community, maintaining infrastructure, and supporting future developments as well as providing a range of social services.

You may think that your business is too small to target – too insignificant to warrant the attention of the widely publicised cyber-criminal groups that chase multimillion dollar ransoms. In reality, a large number of criminal groups exist around the world, exploiting the entire spectrum of online activity.

Sibling rivalry is the type of dispute that can be destructive when it comes to making decisions in your family business, so it is important to have strategies in place to mitigate conflict.

Businesses rely heavily on the expertise and guidance of accountants in their start-up and early development phases. But some businesses could be costing themselves money – and stifling their potential – by staying with their current accountant. How do you know if you’ve outgrown your accountant? How do you know when there’s a mismatch between your needs and their capabilities? We’ve identified four telltale signs.

With the Australia-India Economic Cooperation and Trade Agreement passing through Federal Parliament of Australia last week, now's the ideal time to assess your India strategy. What are the key opportunities your Agribusiness, Food & Beverage business can explore as part of your India strategy? Find out more about areas of opportunity you can leverage.

With recent news of significant data breaches at major corporations, there are a number of questions being asked from Boardrooms to kitchen tables all across Australia. Some common questions include, what went wrong? Are we at risk? And how can we protect ourselves from similar events in the future?