Our latest insights

As part of its justified trust program, the ATO seeks greater assurance that Top 100 and Top 1000 assurance taxpayers are reporting the right amount of Goods and Services Tax (GST).

We explore the different market segments in the construction industry during the COVID building boom to better understand the profile of industry participants most likely to feel the sting of continuing supply chain pressure.

While this deal mechanism has been used in transactions for some time, we are likely to see an increase of earnouts used in future M&A negotiations given the uncertain and unpredictable economic climate ahead.

On 3 November 2021, the High Court of Australia handed down a landmark decision, ruling that the “backpacker tax” imposed on a UK national who was deemed to be an Australian tax resident was in breach of the non-discrimination clauses in the Australia-UK Double Tax Agreement.

The European Commission is leading a shift in sustainable finance.

The pandemic has been tough going for retailers right around the world. The surge in online shopping and reduction in customer foot traffic has placed the traditional retail model under pressure. As we emerge from the pandemic, many retailers are rethinking their store networks while focusing their investment in the major advantage physical retail has over online – creating fabulous shopping experiences.

The results from the Family Business Survey 2021 show 65% of family businesses with a succession plan wanted to keep the business in the family; but the most staggering statistic resulting from the survey was of the families who sat together and documented a succession plan, 66% do not have their estate plans in order.

Extended lockdowns have made for a challenging time for Australian businesses – but a new kind of normality is nearly on the horizon.

NSW continues to heavily invest in its Economic Recovery Strategy in an effort to boost the economy.

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

Under current law, GST is included in the purchase price of new residential premises and new potential residential (vacant) land, with the supplier/developer required to remit that GST to the ATO in their Business Activity Statement for the tax period in which the supply occurs - usually on settlement.

The world of retail used to be much simpler. It was an industry that was driven by creativity, trends and a gut feel for what would sell.