Key points A large-scale payroll system implementation is a strategic transformation, not just a tech upgrade. Increasing focus on wage compliance raise the stakes. Success depends on strong planning, clean data, rigorous testing, and cross-functional collaboration. Treating payroll as a business system, not just HR software, is key to achieving long-term value. For organisations with […]
Key points The Tribunal found that pre-CGT status of trust assets was maintained despite the addition of a new beneficiaries to the trust. Division 149 does not automatically remove pre-CGT status from discretionary trust assets simply because beneficial interests in trust assets can’t be quantified. The decision is significant for holders of pre-CGT assets in […]
The Victorian State Taxation Further Amendment Bill 2025 introduces various proposed changes across several key property-related taxes, including Duty, Land Tax, Vacant Residential Land Tax, Congestion Levy, and the Commercial and Industrial Property Tax. These changes have potential implications for a wide range of stakeholders including owners and investors of various types of real property […]
Key points Customer rights to return products and extended warranties are accounted for under AASB 15 Careful consideration of these are required as they impact the recognition of revenue, assets and liabilities Applying AASB 15 often involves significant judgement, and entities should seek expert advice for complex or unique circumstances. Many inventory-based businesses offer customers a […]
In this podcast episode, Gavin shares his insights on how middle market leaders can transform today’s challenging business environment into a strategic advantage. Whether you’re grappling with inflation, rising costs or shifting customer expectations, these proven strategies will help you navigate uncertainty while positioning your business for growth. Drawing from a comprehensive survey of 150 […]
Key points Fixed pricing can erode margins when services expand. Extra services are common and need to be priced fairly to protect profitability. Clear unit rates, robust cost modelling, and proactive renegotiation help protect profitability while maintaining trust. Proactive negotiation rooted in transparency can prevent last-minute cost disputes. Long-term service contracts are a win that […]
Key points The High Court found payments for concentrate were not royalties paid to PepsiCo Payments were for concentrate only, not for intellectual property use. Diverted Profits Tax did not apply, as no reasonable alternative arrangement existed. In doing so, the High Court accepted a “do nothing” scenario (that the taxpayer would never have entered […]
The property and construction industry has once again been identified as a sector of concern by the ATO, with recurring compliance issues placing builders, contractors and tradies under closer review. This industry has long been considered high-risk by the ATO, due to its reliance on subcontracting, complex payment arrangements and, in some cases, cash transactions. […]
Key points Use AI for repetitive, data-heavy tasks Engage advisors for nuanced, high-stakes situations Combine AI for data processing with advisors for interpretation and change management Projects involving compliance, governance, or reputational risk require human expertise Resourcing a project is one of the most important decisions you make and it’s often one of the trickiest. […]
Key points Australia is working more but producing less Longer hours do not equal better productivity Middle market businesses are well placed to move faster Australia is working harder than ever. In the office, out on site, at home, and on the go as we are plugged in anywhere and anytime on our smart phone. […]
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