Our latest insights

While this deal mechanism has been used in transactions for some time, we are likely to see an increase of earnouts used in future M&A negotiations given the uncertain and unpredictable economic climate ahead.

On 3 November 2021, the High Court of Australia handed down a landmark decision, ruling that the “backpacker tax” imposed on a UK national who was deemed to be an Australian tax resident was in breach of the non-discrimination clauses in the Australia-UK Double Tax Agreement.

The deadline for applications for Director Identification Numbers (DIN’s or Director ID’s) for existing Directors has been set.

No one M&A transaction is the same. Each brings about their own unique set of considerations and conditions.

Revenue NSW has issued Practice Note CPN 021 which outlines key clarification of the treatment of corrective Superannuation contributions and Superannuation Guarantee Charge payments in NSW.

On 27th March 2021, the Fair Work Amendment (Supporting Australia's Jobs and Economic Recovery) Act 2021 (the Amendment) which implemented new casual employment conversion arrangements received royal assent and came into effect.

Earlier this week, it was announced that businesses can now register their details to receive updates about procurement opportunities for the Brisbane Olympics & Paralympics in 2032.

With the latest lockdown in Victoria entering its second month, there is some more support news for small and medium-sized businesses hardest hit by the current public health measures.

In our podcast, Tax Partners Vince Tropiano and Brett Curtis discuss what the global minimum corporate tax rate agreement means for Australian businesses, how businesses can prepare themselves, and what to consider if you’re setting up operations offshore.

Both the ATO and the State Revenue Offices have a number of focus areas putting employment taxes squarely on the agenda again.

Single Touch Payroll Phase 2 (STP Phase 2) will become mandatory for all businesses from 1 January 2022, bringing a host of changes that will fundamentally change the visibility of the information reported to the Australian Tax Office.

In response to an increase of importers submitting transfer pricing Voluntary Disclosure requests without first applying to the Australian Border Force (ABF) Valuations team for variation amendments, the ABF has reconfirmed their processes.