The Government has announced the $250 Working Australian Tax Offset (WATO) as a measure to reduce the tax burden on individual taxpayers in the face of cost-of-living pressures. On lodgement of their 2028 income tax returns, individuals who earn employment income and business income as sole traders will qualify for the $250 WATO. The WATO […]
While the headline Budget measures focused on CGT, negative gearing and trust reform, the business package offers a more targeted set of changes. The reintroduction of loss carry-back, a permanent $20,000 instant asset write-off, and expanded R&D and venture capital incentives provide some relief but fall short of the structural support many middle market businesses […]
The Government has announced changes to the electric car Fringe Benefit Tax (FBT) exemption, which has proven popular in encouraging Electric Vehicle (EV) adoption. The proposed changes retain strong incentives in the near term, but narrow and redesign the concession from 1 April 2029. From 1 April 2029, a permanent 25% discount on FBT will […]
There were no major superannuation measures in the Budget, however the Division 296 ($3m super balance tax) legislation enacted in March 2026 will commence from 1 July this year. Clients should therefore consider the broader policy announcements and their potential implications for superannuation structures and long-term planning. Capital Gains Tax reform Changes to the Capital […]
The Budget continues the Government’s focus on tax system integrity, with new funding to strengthen the prevention, detection and response to fraud across the tax and superannuation systems. The Government will provide $86.3 million over four years from 1 July 2026, with ongoing funding of $9.7 million per year from 2030–31, to deliver Phase 2 […]
Key points AI should support pharmacists, not replace them. Digital convenience will become a baseline customer expectation. Big groups may lead in AI enabled retail, but not necessarily personalised care. The future battleground is not just technology, it is convenience versus care. Artificial intelligence is no longer just a technology issue. For community pharmacy owners, […]
Victoria’s election-year Budget offers handouts but dodges hard choices Victorian Treasurer, Jaclyn Symes handed down her second Budget earlier today. It provides targeted cost of living relief but fails to address the increasing cost of doing business in Victoria or provide any relief from the significant tax burden that is now borne by Victorians, particularly […]
As the compliance burden grows, tech drives change and new responsibilities land on the executive desk, the role of the Chief Financial Officer has evolved – often faster than organisations have defined it. New research confirms that the CFO is the executive most likely to be handed responsibility for tasks that require central oversight but […]
Welcome to Pitcher Perspective, where we cut through the noise and go in-depth on topics important to Australians. Want to be smarter about tax planning before year-end? In this episode, Wealth Partner Jordan Kennedy and Private Business Advisory Partner Ankit Sharma explore various beneficial tax planning options ranging from understanding superannuation contribution caps to business […]
Pitcher Partners Sydney lodged a submission with Treasury on the Exposure Draft Legislation Treasury Laws Amendment Bill 2026: Strengthening the foreign resident CGT (ED) and the draft explanatory memorandum (EM) relating to the proposed amendments of the definition of Taxable Australian Property (TAP), and therefore the scope of the non-resident capital gains tax exemption in […]
Thank you for you interest