Our latest insights

In our first episode, we meet Drs Gareth Andrews and Richard Stephenson from The Last Great First, who in October will attempt to become the first polar explorers to complete a fully unsupported ski crossing of Antarctica.

Family businesses with plans are more likely to thrive. Having a solid plan the whole family helps to develop and evolve not only means businesses are more robust in the present, but also in a solid and sure position for future growth and opportunities.

In 2022, Australia’s ‘perfect storm’ of low unemployment has required Australian businesses to think differently about how to attract and retain workers

Whether you’ve just secured the coveted role of Chief Financial Officer (CFO) or you’re on the cusp of becoming one, one thing’s for sure: you’re embarking on a high-stakes, high pressure role.

Following on from the ATO’s guide to professional services firms’ allocation of profits in PCG 2021/4, the ATO has now further tightened its compliance scrutiny of individual professionals’ ability to assign or stream income away from themselves to family members by releasing its compliance approach to so-called Everett assignments.

In preparation for FY22-23, it is important for Schools to reflect on the year that has been and factors that will impact future performance.

Following industry consultation released late last year APRA recently finalised revisions to Prudential Standard APS 220 Credit Risk management, effective September 2022, to include a new Attachment C - Macroprudential policy: credit measures. Under the new requirements, ADIs must be operationally prepared to implement certain macroprudential policy measures, if needed to avoid potential barriers to timely and effective implementation.

With the 2022 financial year coming to a close, private health insurers face a number of considerations in regulation and their year-end financial reporting.

The Western Australian Government has recently handed down its 2022-23 State budget announcing a record $33.9 billion investment in infrastructure over the next four years. The significant investment in infrastructure will not only create a strong pipeline of future economic activity but will shape the way we live and move around the state.

The New South Wales State Government has been busy with tax reform this year – from the raft of state taxation amendments commencing in May, to the first steps to abolish stamp duty introduced as part of their state budget last week.

The Fair Work Ombudsman (FWO) has announced its strategic priorities for 2022-23 including where audit and enforcement activities will be undertaken in relation to wage underpayments.

As we come to the end of the financial year, its timely to review your upcoming tax compliance obligations. For multinational entities, the disclosures and complexities of tax compliance generally have never been more complex or challenging. Here are some of the main IDS issues to be aware of.