Our latest insights

APRA's proposed changes to ADI liquidity and capital standards have sparked discussions across the banking sector. To encourage a resilient banking future, we put forward a submission to APRA last week in response to the changes.

The ATO has been undertaking assurance reviews as part of its Tax Avoidance Taskforce since 2016. These reviews are designed to provide assurance to the Government and the business community that taxpayers are meeting their tax obligations.

Explore 2023 Division 7A loan rates, compliance, and tax impacts.

The ATO has recently finalised its guidelines on how electricity costs for charging electric vehicles at home may be calculated for FBT and income tax purposes.

Earlier this month the State Revenue Office of Victoria commenced issuing land tax assessment notices for the 2024 land tax year.

There is never an ideal time for receiving an ATO review, and the time commitment (and possibly the costs) can be significant when a taxpayer is ill-prepared.

As energy & resources businesses transition into development, the costs associated with inefficient structuring can be devastating from a tax perspective.

PepsiCo appealed a court decision that found it owed the ATO AUD 3.6m in royalty withholding tax for FY 2018 and 2019.

A recent case decided by the Administrative Appeals Tribunal (AAT) in December 2023 (Active Sports Management Pty Ltd and Industry Innovation and Science Australia) has found the registered activities were neither eligible core or supporting R&D activities as defined by the Income Tax Assessment Act (ITAA)1997 .

Calculating the amount of damages as part of an economic loss claim is not necessarily a simple matter of adding up a series of lost profits.

In the first episode of our refreshed series, Beyond the Numbers, Financial Advisory Partner Darryn Hockley and Private Business Tax & Advisory Partner Craig Lawson, explore the characteristics of firms that are ‘option ready’.

The employment taxes landscape in Australia is constantly evolving. There has been increased focus from the Australian Taxation Office and State Revenue Offices, leading to a rise in employment tax compliance audits.