Professional services have remained a popular segment for acquisitions in the first half of 2019, due largely to lower barriers to entry in the sector creating a lot of opportunities for growth. Recent data from IBISWorld reported that sole practitioners and boutique firms with less than 20 staff represented approximately 98% of professional services businesses […]
The Victorian Government has introduced changes to Land Tax Act 2005 (LTA) in the State Taxation Acts Further Amendment Bill 2019 which amends the primary production land (PPL) exemption in section 67 of the LTA.
Trade players accounted for 95% of mid-market business services deals in the half year to 30 June 2019. Horizontal integration of companies is a common theme as trade buyers seek to enter new geographical or ancillary markets through acquiring an established market share rather than through pursuing organic strategies.
The Board of Taxation has provided Pitcher Partners the opportunity to make comments on their ‘Corporate Tax Residency Consultation Guide’ (the Consultation Guide). The full submission prepared is available via the link below.
The Commissioner of Taxation has provided Pitcher Partners the opportunity to comment on two Draft Taxation Determinations (TD 2019/D6 and TD 2019/D7). The full submission is available below.
In this bulletin we are looking at the ‘business services’ sector in Australia and analysing the deals that have occurred in the first half of 2019.
Following on from our recent article looking at the Payroll Tax and Workcover risks that come with engaging contractors, this article focuses on the risks of non-compliance with Super Guarantee and pay as you go (PAYG) withholding legislation.
Michael Sonego, Partner and Alex Pocock, Client Director at our Melbourne firm congratulates bus company Donric Group on the successful sale to family business Christian’s Bus company. The transaction is one of the largest in the industry in recent times and sees Donric contributing to the expansion of a 100-year old family business.
Young professionals in Australia have historically gravitated towards Melbourne or Sydney to realise their career goals. The 2016 census showed a shift in Australia’s workforce however – a shift that provides alternative opportunities for young professionals wanting a high-flying career without having to move to a big city.
A rise in the use of external advisors by the public service and large listed companies is set to drive a new wave of M&A activity in the consulting sector.
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