This article originally appeared in The Australian on 1 May 2020 For taxable investment portfolios, realised losses create an opportunity to generate offsetting gains. High on the worry list for investors and prominent in the news this week is the issue of dividend cuts and whether investors can still meet their income targets. National Australia […]
The Commissioner of Taxation has released a practical compliance guide (PCG 2020/4) outlining the operation of its integrity rule (Section 19) and how he may deploy compliance resources to certain arrangements that enable an entity to obtain access to the JobKeeper payments. Importantly, the ATO has labelled certain arrangements as a ‘low risk’ of deploying […]
The current environment has placed limitations on face-to-face learning, forcing Vocational Education and Training (VET) providers to rapidly adapt to online and virtual learning environments. For many VET providers, this presents a raft of new challenges and opportunities. Some providers are considering online learning for the first time, while other providers face the need to […]
Not-for-profit (NFP) organisations that emerge from the current environment stronger or with their operating capabilities intact will likely have a stronger communications strategy, more resilience, the ability to pivot and strong crisis response and management skills. The key opportunity that comes from developing these capabilities is ensuring the governance framework effectively embeds these capabilities in […]
Pitcher Partners congratulates the Victorian Government on their initiative to support the building and development industry, through the establishment of the Building Victoria’s Recovery Taskforce. Pitcher Partners looks forward to adding our voice to the Taskforce’s considerations through the representation of our middle market/private, property industry constituency. The property development, building and construction sectors of […]
In turbulent and uncertain times, when there is a shock to the economy like we are currently experiencing, organisations may see a significant drop in their revenue. This proves challenging for any sector, but especially so for not-for-profit organisations (NFPs). NFPs will face significant reductions in income derived from discretionary spending by individuals and businesses. […]
The Commissioner of Taxation has released several alternative tests to assess decline in turnover. The alternative tests can be applied where the basic decline in turnover test is not otherwise satisfied. The alternative tests apply in the following cases: commencement of a business acquisition or disposal of a business business restructures substantial increases in turnover […]
Many Australians are now working from home to ensure business continuity amidst the COVID-19 pandemic. As a result, the Australian Taxation Office (ATO) is expecting an unprecedented amount of home office related tax deductions this financial year. The ATO has provided new guidance on what can be claimed.
The NSW Government is introducing measures to help commercial and residential landlords manage their rental properties.
This article originally appeared in The Australian on 10 April 2020. I must confess to numerous weeks now of palpable relief on Saturday mornings when all international markets finally stop trading to allow those of us working in financial advice some respite for the digestion of the week’s events and for reflection on the likely next direction […]
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