Not long ago, labour costs were the elephant in every boardroom. Rising wages, shrinking talent pools – it was the same story in nearly every conversation. But the conversation is changing fast. Labour costs have quietly slipped down the list of things keeping middle market leaders awake at night, according to the latest Business Radar […]
Taking on the role of Partner in a professional practice or as a newly appointed barrister, is both exciting and challenging. The leap from employee to non-employee comes with a lot of opportunity and demands, but one element that is often overlooked is understanding the financial implications involved. Here are some essential practical and tax […]
Generative AI technologies have made significant inroads across industries, but the NFP sector is approaching this digital revolution with measured steps. Our 2025 NFP survey findings indicate that while NFPs recognise generative AI’s potential to enhance operations and engagement, adoption remains strategic and focused on specific applications. This emerging pattern mirrors the sector’s approach to […]
Responding to changing external stakeholder expectations has grown as a key challenge for the sector, as identified in our 2025 NFP survey. This increase highlights the growing importance for NFPs to adapt their strategies to meet the evolving demands of donors, communities and suppliers. The landscape for NFPs is continually evolving, with changing expectations from […]
Soaring operating costs and economic uncertainty have left not-for-profits tightening their budgets. Our survey reveals Australian NFPs are responding by seeking to diversify their funding, collaborate with other organisations and invest in technology. Notably nearly a quarter of respondents intend to draw more heavily on their capital reserves, and while this is helping to sustain […]
Environmental, Social and Governance (ESG) principles are steadily gaining traction as part of business strategies across industries, but adoption is slower in the NFP sector. NFP organisations are aware of ESG’s potential to strengthen governance, build trust, and attract funding, however operational challenges are slowing progress. Strong intent, slow uptake Only 9% of NFP organisations […]
Imagine a scenario where a NFP falls victim to a cybersecurity attack and loses access to all its data. This would lead to significant operational disruptions, increased operational costs, and strategic setbacks, much like any business. Copies of donor information being stolen may have a significant impact on stakeholder relationships and lead to reputational damage. Such […]
Payroll tax is a state-based obligation administered by the State Revenue Offices in each state and territory. While the payroll tax rules in each state and territory have been largely harmonised, some differences exist in each jurisdiction. In recent times, there has been an increase in compliance activities undertaken by the State Revenue Offices, making […]
Key points Rental terms for the build-to-rent (BTR) land tax concession become stricter – Additional administrative requirements with a potential minimum lease period of 12 months adds additional burden to landowners who are currently accessing or looking to access the BTR concession. Commissioner’s power to make provisional determination for Commercial and Industrial Property Tax (CIPT) […]
Key points Expanded Vacant Residential Land Tax (VRLT) rules will apply in the upcoming 2026 VRLT year. The criteria for when land will be considered vacant and attract the VRLT differ depending on the nature of the land in question. New rules for unimproved land will apply for the first time based on circumstances from […]
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