Key points: Behind every great guest experience is a venue running efficiently behind the scenes. Strong systems and clear processes help teams focus on delivering exceptional service. Small operational inefficiencies rarely stay small. Labour overruns, stock losses and manual work can gradually erode profitability if they’re not identified and addressed. Better reporting leads to better […]
The Australian Accounting Standards Board (AASB) is proposing changes to Tier 2 (Simplified Disclosure) financial statements: ED 341 was issued for comment in June 2026, with comments due to the AASB by 24 August 2026. The changes outlined in ED 341 would align Tier 2 financial statements with the presentation and classification requirements of AASB […]
Key points: Testamentary trusts have secured a major win, with genuine structures proposed to be exempt from the new 30% minimum tax. The exemption comes with guardrails, as injected assets may still be caught by the new rules. Now is the time to review trust structures before the proposed reforms take effect. Proposed rollover relief […]
Key points: Having an ABN does not automatically exempt musicians and entertainers from superannuation, with hotels, pubs and clubs often required to pay SG contributions even when performers invoice as contractors. With Payday Super now requiring contributions to be made within seven business days of payment, venues need processes in place to identify and manage […]
Key points: NFPs face rising demand, funding pressure and workforce strain, making AI-enabled capacity essential. AI can improve fundraising, reporting and operations without replacing human relationships. Strong data foundations and readiness assessments are critical before scaling AI across organisations. Australia’s not-for-profit sector stands at an inflection point, one that will separate organisations that thrive over […]
Key points: The rules have changed. Australia’s landmark CGT reforms are now law and will reshape how capital gains are taxed from 1 July 2027. The impact extends far beyond property. Business owners, family trusts and investors should all be assessing how the new regime could affect their long-term plans. The opportunity to act is […]
Key points: Many for-purpose organisations rely heavily on grant funding, yet few have a clear plan for what happens if that funding is delayed, reduced or not renewed. Boards play a critical role in understanding funding dependency and ensuring the organisation can respond when funding assumptions change. Simple reporting, scenario planning and contingency strategies can […]
Key points: The Federal Budget’s changes to negative gearing and capital gains tax are likely to accelerate a shift away from tax-driven property investing and toward investments that deliver stronger underlying returns. With fewer tax benefits available on loss-making properties, investors will place greater emphasis on rental yield, cash flow and the ability of an […]
Key points: A successful retirement isn’t defined by maximising your sale price – it’s about creating the freedom, flexibility and time to enjoy the life you’ve worked so hard to build. Delaying succession planning can reduce business value and limit exit options, making early preparation essential for achieving the outcome you want. Business owners need […]
Key points: The Late Payment Offset will not be available for the June 2026 quarter under the Payday Super transitional rules, meaning employers who miss the SG deadline face paying super twice; once to the employees’ super fund and again as a non-deductible SGC liability to the ATO, with both amounts being non-deductible. Employers should verify […]
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