The effect of corporate tax rate changes on year-end tax planning
For companies that are base rate entities, the corporate tax rate is set to fall from 27.5% to 26% in the 2020-21 financial year and 25% in the 2021-22 financial year onward.
Maintaining effective healthcare procurement practices throughout and beyond COVID-19
In a recent webinar co-hosted with the Healthcare Financial Management Association (HFMA), who represent finance managers working in public and private hospitals, Pitcher Partners shared how its clients are navigating the current environment.
Year-end taxation and reporting for managed funds
As 30 June approaches, it is critical for responsible entities, trustees and fund managers to turn immediate attention to taxation, investor reporting and other fund compliance obligations, particularly given the ongoing impact of COVID-19. In addition, and in light of the ATO’s recent announcement regarding the likely commencement of managed investment trust (MIT) and attribution […]
The Export Markets Development Grant: Government financial assistance program
Eligible Australian businesses can claim up to 50% of expenses on approved overseas promotions of their Australian products or services under the Export Markets Development Grant (EMDG). What is the EMDG scheme? The EMDG scheme is an Australian Government financial assistance program open to small to medium enterprises (SME’s) who are engaging in promotional activities. […]
Helping your business in uncertain times
You have managed to stabilise your business, you can finally lift your head above the sand. But what is next? Is your business set up to take advantage of any growth opportunities? Are you focused on the right customers and segments with appropriate capability? Or are you taking a scatter-gun approach to survival?
Year-end tax planning and the impacts of COVID-19
This guide is broken down into two main sections. In section A, we cover the critical issues of trust distributions, Division 7A and franked distributions. As a minimum, we believe that all taxpayers should at least be considering these issues. In Section B, we cover additional considerations for taxpayers. We note that the application of […]
Sydney Wealth Management update winter 2020
Welcome to our winter wealth management update This edition covers the following topics: Year-end superannuation contributions and concessions With the financial year end fast approaching, there is still an opportunity to make a final contribution into superannuation. Some of the contributions strategies and concessions available are summarised below. Read more Stock Spotlight: Amazon.com Inc (US:AMZN) […]
Impairment: Impact of Covid-19
The health and economic impact of Covid-19 is unprecedented. Economies are also facing enormous turmoil and businesses of all sizes are being tested. Significant changes to the economic environment require entities to test assets and cash generating units (CGU’s) for impairment, particularly goodwill. Impairment testing involves a comparison of the carrying value of an asset […]
Stock Spotlight: Amazon.com Inc (US:AMZN)
Amazon was founded by Jeff Bezos and listed on the Nasdaq in March 1997 at $18 per share. At the time its principal business was an online book store. Its pursuit of growth over profit was met with some scepticism in the early years and not without good reason as it wasn’t until 2001 before […]
Year-end superannuation contributions and concessions
With the financial year end fast approaching, there is still an opportunity to make a final contribution into superannuation. Some of the contributions strategies and concessions available are summarised below. 1. Personal tax-deductible contributions Concessional contributions cap is $25,000 for all individuals. Since 1 July 2017 all taxpayers under age 65 are allowed to claim […]