In response to an increased global focus on corporate transparency and exchange of information, effective 1 January of 2024 US businesses are now required to provide beneficial ownership information (BOI) to the US treasury department, via the Financial Crimes Enforcement Network (FinCEN).
Further to announcements made by the Australian government in the 2021-22 Federal Budget, the time is rapidly approaching for non-charitable Not-for-Profits (NFPs) with an active Australian Business Number to commence lodging an annual self-review return with the Australian Taxation Office (ATO) to maintain their income tax exempt status.
Investment strategies evolve with changing financial needs. While real estate has been a reliable choice, especially for Australians, exploring alternative options becomes crucial in times of low debt requirements and the need for high liquidity, particularly in retirement. While property has delivered impressive returns over the years, it’s essential to keep an open mind and consider diversifying your investments to secure your financial future.
The August profit reporting season was fruitful for Coles Group, which recorded a surge in revenue to post an annual profit to $1.1 billion, a 4.8% rise from the previous year. But the supermarket and retail giant also made another statement in August that was much less reported – its Scope 3 emissions supplier engagement target. It was a significant move by Coles, who stated they intend to set sustainability targets with at least 75 per cent of its suppliers over the next four years.
In this article, we explain the key duty and land tax changes proposed in the NSW budget which are set out in the Treasury and Revenue Legislation Amendment Bill (‘the Bill’) and discuss what taxpayers can do to prepare for the changes.
This is the second iteration of the Pitcher Partners Motor Industry Services – Australian Listed Dealer Comparison.
In some workplaces it is common practice to provide employees a company car as a tool of trade, as part of their compensation, or to give the possibility to finance a novated lease. However, as workplaces and companies move their fleets to a greener alternative, an unintended consequence of this can be the increased employee’s tax liability.
Recently, Pitcher Partners Sydney hosted a webinar addressing key tax considerations for individuals with UK and Australian ties.
With the new financial year underway, two major changes to superannuation are likely to impact many retirees to some extent
Lirize is a Partner in our Tax Advisory division with over 20 years of professional services experience. She specialises in transfer pricing, where she works closely and collaboratively with the client teams across various areas of the business, to help taxpayers proactively manage transfer pricing risk and reporting obligations. Lirize joined Pitcher Partners as a […]
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