Our latest insights

Unprecedented ATO funding means increased reviews for successful private groups and public entities. Are you ready?

Businesses and employees have embraced the positive impact of working from home and the value in being agile in response to potential restrictions or COVID-19 variants. But as organisations discuss ongoing flexible work arrangements, and the support and equipment to allow employees to work from home, what Fringe Benefits Tax (FBT) implications, concessions and exemptions should be considered?

The continued pressure on businesses to grow, while riding the current wave of uncertainty, has shone a light on programs like the NSW $250m Jobs Plus program as a mechanism to support these ambitions.

Unprecedented Government spending has resulted in unmatched ATO activity. So how can companies be prepared for when the inevitable ATO letter arrives?

Released on 16 December 2021, the ATO has finally released its final Practical Compliance Guideline PCG 2021/4 for the allocation of professional firm profits.

Builders undertaking projects in Queensland should ensure that they are compliant with two significant regulatory requirements that fall due over the New Year period: 1) The roll-out of the Project Trust Account regime to commercial projects; and 2) Annual Financial Reporting to QBCC demonstrating compliance with the Minimum Financial Requirements.

Recently the Administrative Appeals Tribunal ruled that Global Citizen Ltd could be registered by the ACNC as a Public Benevolent Institution and this has provided further insight into the type of organisations that may register as a Public Benevolent Institution. Learn more here and how you should respond if your charity is not currently registered as a PBI.

In an M&A transaction, Tax Warranty and Indemnity (W&I) insurance policy is a key risk management tool you should consider to safeguard your transactions.

The ATO has recently undertaken a number of Income tax, Transfer Pricing, GST and R&D reviews of Fintechs across the ‘Top 1000’ and the ‘Medium and Emerging’ markets, focusing on business models such as online lenders, neo banks, buy now pay later providers, and peer-to-peer lenders. Based on the findings, the ATO has identified a number of key risk areas.

Extension to Self-Managed Superannuation Funds means more family members can benefit

Traditional gender roles have seeped through family business in societies across all cultures, and the right of succession belonging to the first born child is still customary. What is the impact of this on the performance and operation of family businesses, and what does this mean for the next generation of family business owners?

Supply chain pressures are not unique to multinational enterprises (MNEs). But when combined with trade protectionism measures, evolving international tax policies, and technological disruption, the current global pandemic has created the perfect storm. The COVID-19 crisis has had an unprecedented impact on international supply chains – from delays in production and logistics, through to loss of confidence in global networks, supply chains have been well and truly tested.