Our latest insights

There have been pressure systems gathering momentum along two fronts. Whilst they have largely gone unnoticed by many in the industry, collisions between the two have occurred and left some casualties in the M&A space. Previously, it was regarded by many deal-makers that employer obligations were quite low in risk. However, multiple enforcement agencies are focusing on unpaid employee entitlements and contract hire labour. The uptick in compliance activity has coincided with growth in the M&A space, leading many to believe there are huge levels of unquantified risk in the market – often not covered by warranty and indemnity insurance.

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

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

Single Touch Payroll (STP) has been mandatory for all Australian employers since 1 July 2019. After two years of embedding, the ATO has confirmed that Phase 2 of STP reporting will commence on 1 January 2022.

The ATO has recently announced they are reviewing a number of activities that involve alcohol entering the Australian domestic market for consumption without payment of the required amount of excise duty.