Melbourne Partner Daniel Burt joined 3AW again to unpack the specifics on the Capital Gains Tax changes from the Federal Budget 2026-27. Key points: The Federal Budget’s proposed removal of the 50% CGT discount – in place for 26 years – and its replacement with indexation will significantly increase the tax burden on Australians selling capital […]
Melbourne Partner Daniel Burt joined 3AW this week to provide insights into the Federal Budget 2026-27, handed down on May 12. Key points: The Budget delivered the biggest tax reform changes we’ve seen in over a quarter of a century. Individuals earning salary and wages received some tax offsets and automatic deductions in the Budget, but there continues to […]
Key points: Grant funding can create unexpected audit and reporting obligations if requirements are not clearly understood at the outset. The biggest audit risks often start when grant contracts are signed, not when acquittals are due. Vague or impractical acquittal requirements can lead to delays, extra cost, and audit complications. Involving your auditor early can […]
Key points: Early ASRS reporters are finding that preparation takes longer than expected and the process is improved when started well ahead of the first reporting year. Clear Board and executive ownership is critical; ASRS outcomes suffer when treated as a pure compliance and finance-led exercise. Starting early allows organisations to move beyond compliance and […]
Key points: Pitcher Partners Sydney has released its inaugural Sustainability Review, marking a significant milestone in the firm’s approach to ESG transparency and accountability The review highlights progress across governance, social and environmental priorities, including community giving, gender equity initiatives and a first carbon emissions baseline The review reflects the firm’s commitment to embedding sustainability […]
From 1 July 2026, changes to Australia’s superannuation contribution caps will give individuals more flexibility to build their retirement savings. Higher concessional and non-concessional caps create new opportunities to grow your super through compounding. Even modest increases, applied consistently, can materially improve long-term retirement outcomes. Making the most of these changes requires timely action – […]
Key points The refundable/non‑refundable distinction is the starting point for determining whether R&D offsets are accounted for as grants (AASB 120) or income taxes (AASB 112). Refundable offsets are usually accounted for as government grants, while non‑refundable offsets are typically treated as income tax. The most common problems are premature recognition, inconsistent policies and thin […]
Key points: The global AI race currently prioritises growth over safety, and regulation lags behind Unchecked AI controlling critical infrastructure may pose potentially catastrophic risks There are calls for stronger global regulations – overshadowed by AI’s financial benefits Businesses are increasingly turning to generative AI as a tool to boost productivity, support innovation and leverage […]
Key points: Early preparation is critical. It sets the foundation for a smooth first‑year audit. Technical uplift will require considerable time and effort. Applying Australian Accounting Standards (AASs) for the first time may require a reassessment of current accounting practices and can be time consuming. Unexpected commercial impacts can result. Applying AASs can have unforeseen impacts on […]
Key points: Pubs that retain staff focus on creating a positive workplace culture, not just offering higher wages. Recognition, growth opportunities, mentoring, and team-building initiatives strengthen loyalty and reduce turnover. Better culture, better business: A retention-focused workplace boosts service quality, report higher average spend, customer satisfaction, and develops future leaders. Why hospitality staff turnover is […]
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