As a result of the ongoing impact of COVID-19, the State and Territory governments have announced various programs aimed at supporting individuals and businesses. The Federal Government has made many of these grants non-assessable non-exempt (“NANE”) income.
Over the last twelve months we have seen many NFPs struggle with applying the revised income and revenue recognition accounting standards as part of their financial reporting processes. Further, we have seen the board members of these NFPs having difficulty in understanding how the resulting outcome of applying these standards is logical and consistent with the underlying objectives and mission of the NFPs.
The Victorian Government has issued regulations for the new Commercial Tenancy Relief Scheme which set out the process that must be followed by landlords and tenants in respect of further requests for rent relief as well as other requirements in respect of leases. To qualify for rent relief, tenants must meet a decline in turnover […]
Listen in as Pitcher Partners Sydney’s Alison Wood and special guest Jason O’Connell discuss essential planning for UK or Australian citizens with UK assets or links. The information presented in this webinar was accurate at the time of recording, 1 September 2021.
There’s a raft of new regulatory and compliance issues ahead for the financial services sector. Experts from McMahon Clarke and Pitcher Partners held a Compliance Committee Forum covering some of the latest issues for financial services. They cover topics including: Latest legal update: fundamentals of the new Design and Distribution Obligations (DDO) and changes to […]
As part of its 2021-22 state budget, the Victorian government announced some important changes to stamp duty, land tax and payroll tax. It also surprised the property industry by announcing a new windfall gains tax on increases in a property’s value as a result of a re-zoning event. These changes impact a wide range of […]
With the end of the financial year looming fast, it is an opportune time to consider the tax and financial affairs of your business and ensure that your year-end tax planning is in order. Tax planning not only requires a consideration of the income and deductions for the year, but also whether compliance requirements have […]
The ATO has released draft Practical Compliance Guidelines (PCG 2021/D2) setting out how it proposes to look at and treat the way professional services firms allocate profits to individual practitioners. Once finalised, the revised guidelines will apply from 1 July 2021. For a breakdown on the new draft and the risk factors, view ATO releases […]
Over the course of 2020, the Government made a number of significant changes to the deductions available for depreciating assets. This session will provide a roadmap to navigate the rules for the 2021 financial year. Pitcher Partners Tax Partner, Yina Tang, will focus on: Increases to the threshold, and expanded eligibility for the instant asset […]
The ‘Adapting to the new normal: Hybrid working 2021’ report commissioned by Bastion Insights, in partnership with Bastion Reputation Management and Pitcher Partners, revealed a disconnect between employer and employee expectations of hybrid working arrangements. Rob McKie, Partner at Pitcher Partners, Clare Gleghorn, CEO, Bastion Reputation Management, and Tristan Sternson, CEO, ARQ Group, talk about […]
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