Our latest insights

To ensure your assets will be protected should you become unable to make financial decisions due to an accident or bad health, we recommend your Estate Plan includes an Enduring Power of Attorney.

Tariffs on emissions-intensive imports are expected to be introduced to adhere to the Government’s proposed emission targets. Climate Change and Energy Minister Chris Bowen put forward a proposal to enforce pollution caps on the country’s 215 biggest emitters, with the view to reduce their greenhouse output by 5 per cent a year until 2030. There’s no doubt that these emission targets are aggressive – but with penalties in place if organisations don’t comply, we expect to see a positive impact on the adoption of sustainable practices across businesses, manufacturing processes and along the supply chain.

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.

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.

Our Government Grants team monitors the fluctuating grants landscape and has identified some major opportunities to keep an eye on over December 2022 and January 2023.

In this podcast, Kristina Popova, State Taxes Partner discusses some of the significant stamp duty and state tax changes we’ve seen this year across the country and what we may see in the New Year.

On 31 August 2022, the Australian Taxation Office (ATO) finalised its Taxation Determinations TD 2022/12 and TD 2022/13 to reflect the Full Federal Court decision in Peter Greensill Family Co Pty Ltd (Trustee) v Commissioner of Taxation [2021] FCAFC 99 that Australian Capital Gains Tax (CGT) will apply in respect of net capital gain distributions by Australian discretionary trustees to foreign beneficiaries.

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.

From 19 May 2022, substantial amendments were made to the Duties Act 1997 (NSW) (Duties Act), including the introduction of a new category of dutiable transaction which imposes duty on a change in beneficial ownership of dutiable property.

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.

New legal precedent (Federal and State case law), data matching initiatives and a trend towards a hybrid working arrangement influenced by the gig economy, have led to an increase in ATO and State Revenue Office scrutiny around the engagement with contractors by employers.

As part of the Government’s October 2022 Federal Budget, Labor have recently announced changes to the thin capitalisation rules which will apply to income years commencing on or after 1 July 2023.