Our latest insights

Built on world-class research and clinical trials, Australia’s biotech industry is increasingly shifting towards commercialisation, global expansion, and long-term growth.

As the end of the financial year approaches, it’s a timely reminder of three key employment tax lodgements and the common errors we see in the market.

Maximise tax benefits with Employee Share Schemes. Stay compliant with ESS reporting. Retain top talent with effective remuneration.

During the FY23 financial year, our Employment solutions team highlighted key updates, issues and ATO review activity that finance and payroll leaders need to be across in a series of webinars, seminars and insights. Here we’ve summarised some of those key items which remain relevant as we approach FY24 including fringe benefits, single touch payroll, superannuation guarantee, employee vs contractor and employee share schemes.

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

Both the ATO and the State Revenue Offices have a number of focus areas putting employment taxes squarely on the agenda again.

A favourite instrument for start-ups and companies about to list – Employee Share Schemes are used far more widely than most people think.

As the end of financial year approaches, companies with Employee Share Schemes (ESS) are required to report to the ATO and provide employees with a statement if a “taxing point” has occurred during the tax year.

The proposed changes to both the tax treatment and regulatory framework of employee share schemes (‘ESS’) in Australia should be welcomed by employers and employees with tax–deferred ESS Plans.

2019 has been an interesting and challenging year for businesses, both large and small. As well as grappling with a weakening economy and an unsettled global trading environment, one consistent theme that stands out in Australia is an increased focus on employment tax compliance, with a raft of law changes, audit activity and landmark cases.

Ben Matthews recently met with the Managing Partner of a mid-tier legal firm to discuss the struggles he was facing in trying to build a successful partnership, including attracting and retaining great people, optimising working capital, maximising tax efficiencies, retiring debt and funding investment.