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A mining project is not only defined by what sits in the ground, but also by how effectively it is converted into financed, deliverable and cash-generating production.
Explore retail market insights, M&A trends, value drivers and growth opportunities shaping the sector, and learn how to build a stronger retail business.
Cybercrime remains a major threat, with more than 84,700 reports recorded in Australia each year. For Boards and executive teams, the question is no longer whether an attack will occur, but whether the organisation is prepared to respond and recover.
It is clear that consumers are demanding more from retail brands. Today our relationships with retail companies has moved past the transactional buy and sell contract, to one that has growing demands around transparency, diversity and good citizenship.
Working with our family business clients, we have seen some businesses misunderstand the purpose of, or underutilise, the director appointed as Chair, and therefore miss the opportunities, skills and perspectives this role can bring.
Deceased estates are often a complex situation to navigate, especially when the death of the individual was unexpected, leaving behind issues which can lead to spouses, siblings, extended family, friends and business partners entering into a dispute over the assets to be distributed.
The ATO has recently issued a new class ruling expanding on what products qualify as a ‘portable electronic device’ for FBT exemption purposes. In addition to devices that were designed to operate as a small, portable complete unit without an external power supply such as laptops, mobile phones and similar devices, the new ruling extends to include portable display monitors that run in connection with phones, tablets, etc. Espresso Displays were an instrumental part of the process, having obtained the ruling for their portable screens.
With the end of the financial year less than a month away, now is an opportune time to review your business affairs as part of your year-end tax planning
A deep dive into the accounting, tax and finance implications as you transition from exploration through development and ultimately, production.
Australia entered into the Economic Cooperation and Trade Agreement (“ECTA”) on 2 April 2022. One surprising feature of the ECTA was the side agreement for Australia to essentially overturn, by way of domestic legislation, the result of the full Federal Court decision of Satyam Computer Services Limited v Commissioner of Taxation [2018] FCAFC 172. That case held that Australia had taxing rights over certain income (under the tax treaty between Australia and India) derived by primarily Indian offshore IT companies, even though those services were performed offshore, and even where Australia’s domestic legislation did not otherwise impose tax.
‘We have always done it that way.’ The seven most expensive words in a business, remarked Janine Allis from Boost Juice at the recent Family Business Australia conference.
When it comes to M&A transactions, businesses can often be eligible for GST refunds – but how do you determine if this is the case, and how much is recoverable? In our latest Tax in M&A series, we look at a threshold test that can be applied to transactions whereby businesses only make limited financial supplies. But there is a limit to how much GST can be claimed back when the Financial Acquisitions Threshold (‘FAT’) has been exceeded.
AusTrade announced the opening of the next round of the 2023 Export Market Development Grant (EMDG) program. Applications are proposed to open for 5 weeks, from 31 May to 5 July 2022. The EMDG program is the Federal Government’s cornerstone funding program encouraging Australian businesses to seek export opportunities for their goods, services, intellectual property and software. The program allows businesses to access grants over an 8 year period, or up to a total funding amount of $770,000. The reform model is available to businesses with a turnover of less than $20m as at 30 June 2022.
Australian manufacturers have been through difficult times, particularly with the shutdown of the automotive industry, but remaining businesses are proving to be agile and resilient having already battled through lots of challenges. In addition, the accelerating pace of new technologies being introduced, combined with COVID-19 disruption and the Government’s substantial industry support, many manufacturing business models have been fundamentally challenged for the better.
On Tuesday 10 May 2022 the Northern Territory Chief Minister Michael Gunner handed down his final budget. The 2022-23 Northern Territory budget outlined a $1.1b deficit and net debt of $8.7b, which is an improvement in the forecasting contained within the 2021 Budget which forecasted a 2022/23 deficit of $1.2b and net debt of $10.1b.
