The 2023/24 Victorian Budget delivered on 23 May 2023 includes various land tax changes, including increases to land tax and absentee (foreign) surcharge rates that will increase holding costs for a range of property owners. The Budget also introduces some land tax concessions that may assist a proportion of homeowners and home buyers.
Last week, the Victorian Government announced that it would be modernising the WorkCover Scheme. In doing so, they have advised that the average premium rate would increase from 1.27% to 1.8% of remuneration in order to cover the cost of claims.
Victorians will today learn how the state will pay down its record debt, as Treasurer Tim Pallas prepares to hand down his ninth state budget.
Key points Data empowers construction businesses to make informed decisions by revealing trends in project performance, resource use, and customer preferences. Analysing historical data helps identify recurring risks and issues, enabling proactive management and more accurate forecasting. Digital tools and data analytics streamline operations through automation, improving efficiency and reducing costs across procurement, scheduling, and […]
This marked the second chance for the Treasurer to make his mark following on from last year’s October update. As it was then, so it was now, a Budget that threaded the line between wanting to appear “fiscally responsible” while also addressing the public outcry on cost-of-living issues in what is a still-elevated inflation and interest rate environment. As it was then, so it was now, a Budget that threaded the line between wanting to appear “fiscally responsible” while also addressing the public outcry on cost-of-living issues in what is a still-elevated inflation and interest rate environment.
On Thursday 11 May 2023, Pitcher Partners Sydney hosted a webinar event with expert commentary on the Labour Government’s 2023-24 Federal Budget
Australian business owners will likely be feeling “a little bit disappointed” by the federal budget handed down last night.
Partner at Pitcher Partners, Craig Whatman, says “there’s really no relief for business at a time when the economy is expected to soften and growth is expected to slow”.
Employee share schemes can be a powerful tool for businesses looking to motivate and retain their staff. By giving employees the opportunity to own a stake in the company, businesses can align their interests with those of their workers and encourage them to work towards the company’s success. In this article, we’ll take a look at how to set up an employee share scheme discount sale in your business. We’ll cover the benefits of offering such a scheme, the different types of schemes available, and how to structure the scheme for maximum success. Whether you’re a small business owner or a large corporation, an employee share scheme could be a valuable addition to your remuneration package, so let’s get started.
Middle market businesses continue to pull more than their share of economic weight in the Australian economy over the last 12 months as the economic landscape continued to shift and pivot in a fluid financial system.
We understand that the recent proposal to impose an additional tax on superannuation balances greater than $3m may be causing you concern and questioning whether you should be doing anything with your super.
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