This year’s Federal Budget announced a raft of tax changes including Stage 3 tax cuts, extending the instant asset write-off, tax incentives as part of the Future Made in Australia package and changes to the foreign resident capital gains tax regime, among others.
Ten years after the implementation of the Living Longer. Living Better Reforms, the aged care sector braces for more change. With the Federal Budget on the horizon, it will be interesting to see what considerations are given to a sector that faces continued uncertainty.
With the Australian economy the weakest it has been in 23 years, Labor has handed down its third Federal Budget delivering its second consecutive surplus, and setting the Government’s agenda as we head into an election cycle.
Currently, businesses who meet reporting thresholds will need to report on material climate-related risks and opportunities, including metrics and targets related to Scopes 1, 2, and 3 emissions from 1 July 2025.
New return requirements and DGR reviews in the not-for-profit sector now require non-charity organisations to submit annual tax-exempt status reviews to the ATO.
As the financial year concludes, businesses should engage in tax planning. This can maximise tax efficiency and minimise liabilities. Now is a valuable time investment with practical tax planning considerations available.
The recently announced ‘Future Made in Australia Act’ underscores the Government’s commitment to the manufacturing re-shoring objective, demonstrating a willingness to adopt an interventionist approach to safeguard and build our sovereign capabilities, ensure our competitiveness with neighbouring countries, and allies and guard against growing geo-political tensions.
In the dynamic world of business, Chief Financial Officers (CFOs) play a pivotal role in steering organisations towards financial success. Their responsibilities extend far beyond traditional financial management, encompassing strategic decision-making, risk assessment, and now more than ever – technological adaptation. As we delve into 2024, the challenges and opportunities facing CFOs have evolved, encouraging them to embrace a new era of financial leadership.
Critiquing another expert's report is a core skill of a forensic accountant. In this article, we set out the key areas of critique, how we approach them and three things to focus on.
Learn why shareholder agreements are essential for governance, continuity, and protection. Explore key issues and benefits for business owners and partners.
Treasury Laws Amendment (Making Multinationals Pay Their Fair Share - Integrity and Transparency) Act 2024
Despite a decrease in M&A deal volumes and IPO activity in the face of economic uncertainty, Australia’s retail sector remains appealing to investors. Through our analysis of Australian retail M&A and equity markets in the 18 months to 31 December 2023, we saw the retail sector face a mix of challenges and opportunities.