Australian automotive industry: CY23 VFACTS analysis
Without any doubt, 2023 was a fantastic year for the Australian automotive industry with dealerships holding steady sales despite economic pressures.
Climate reporting – draft legislation issued for mandatory reporting
On January 12 2024, the Treasury released its draft legislation Climate-related financial disclosure. This is a significant (and costly) reform to implement the Government’s commitment to provide Australians and investor with greater transparency.
New thin capitalisation rules finalised
After first being released as exposure draft legislation in March 2023, the new thin capitalisation interest limitation rules have undergone several round of updates but are still not law.
Path to partnership – Adam Irwin
Adam’s journey to becoming the Managing Partner of Pitcher Partners Sydney is far from the conventional path.
What do the new US Beneficial Ownership Reporting rules mean for Australian business owners ?
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).
Updated reporting requirements: New lodgement obligation for Not-for-Profits
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.
Is real estate the right asset to fund retirement?
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.
Scope 3 emissions: Building a resilient supply chain doesn’t happen overnight
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.
NSW Labor government announces significant duty and land tax changes in its first budget in 12 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.
Australian listed dealer comparison
This is the second iteration of the Pitcher Partners Motor Industry Services – Australian Listed Dealer Comparison.