Key Takeaways: Western Australia is transitioning from mining to a growing tech sector, with a focus on SaaS and med-tech. While venture capital has cooled, WA’s tech ecosystem continues to attract strong funding. Geographic strengths and sector expertise drive growth, yet regulatory reforms, talent gaps and funding access remain key hurdles. Western Australia’s economic evolution […]
Key points The ATO has published new guidance stating that private companies that provide guarantees or security for third party loans can trigger Division 7A This applies where the guaranteed loan is then paid or on-lent to a trust or individual The ATO has indicated it will focus on compliance for those arrangements that seem […]
Key points What is estate planning? The importance of having an estate plan in place If you do have plans in place, you should review their effectiveness As you create your 2025 “to do list”, be sure to include estate planning. But first, what is estate planning? Estate planning involves preparing your financial situation in […]
Key points Reflect on the ‘soundtrack’ of your leadership over the past year Address your employees’ concerns, meet them halfway and find harmony that works for all parties Tune back into people and culture activities that may have been neglected Spotify Wrapped has made reflecting on the songs you loved and listened to an […]
Gifts and entertainment provided to employees and clients can dampen festive cheers if Fringe Benefits Tax (FBT) implications are not managed appropriately. The upcoming holiday period provides an annual opportunity for businesses to provide gifts and entertainment to employees and clients. However, the FBT implications of providing these benefits can cause confusion and may lead […]
In April 2024, Australia’s new thin capitalisation rules become law (see here). Broadly, thin capitalisation applies to entities part of multinational groups that incur debt deductions (e.g. interest) of more than $2 million for an income year (on a group basis). The legislation also introduced new integrity measures known as the debt deduction creation rules. […]
Welcome to Pitcher Perspective, where we take you beyond the numbers and go in-depth on the current issues affecting mid-market businesses. Even though we’re accountants and advisors, we’re endlessly curious about finding better opportunities and creating better outcomes for your business. We recognise that an important piece of the puzzle is providing you with the information to […]
Key points: The festive season can disrupt business finances due to increased spending and shutdowns. Cut non-essential expenses, avoid long-term contracts, and diversify suppliers. Engage with banks early, build cash reserves, and maintain strong customer relationships. The festive season, often a period of increased personal spending and celebration, can also pose significant cash flow challenges […]
Key points The new tax is still subject to legislative passage with a stated commencement of 1 July 2025. It will mean a tax of 15% on the proportion of a super fund member’s ‘earnings’ above $3m across a financial year Individuals with large super balances should be considering the best approach if the new […]
Key findings: A data lake serves as a central repository for comprehensive productivity insights. Data lakes support various data types, efficiently stores unstructured data and uses object storage for easy retrieval. Decision making is improved by uncovering patterns, improving decisions and enhancing productivity. Your business might already be collecting data but without a central resource […]
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