If you work with not-for-profit entities (NFPs), two new developments are worth having on your radar (even though the effective date is still a little way off): tighter rules around when certain NFPs can prepare special purpose financial statements (SPFS); and the introduction of a new, simpler general purpose financial statement (GPFS) option, Tier 3 GPFS, designed for […]
As a Director in the Tax team at Pitcher Partners’ Perth, Joshua brings over 20 years of experience advising private businesses and family groups on practical, commercially grounded tax outcomes. Clients value his ability to cut through complexity, simplifying technical tax issues, identifying risk early, and translating intricate rules into clear options they can act […]
Key points US dual citizenship can create unexpected and ongoing tax obligations, even for Australians who have never lived in the United States, due to the US’s unique system of citizenship‑based taxation on worldwide income. ‘Accidental Americans’ face compliance risks and potential penalties, with US tax returns required regardless of where they live, and failure […]
Key points Transfer Balance Cap is rising to $2.1m from 1 July 2026 (indexed to CPI). If you’re starting a pension, waiting until after 1 July could unlock an extra $100k in the tax-free phase. More limits are likely to lift too (Concessional Contributions to $32,500; bring-forward to $390,000) – worth reviewing your strategy now. […]
Key points BAS reporting is compliance; management reporting is decision-making Late visibility leads to late decisions which leads to underperformance and underinvestment Key value drivers to monitor monthly are margins, productivity, and working capital When a pharmacy fails, it rarely does so suddenly. Most failures are slow. Profits look acceptable. Sales may even be growing. […]
Key points Volume rebates and customer loyalty programs are accounted for under AASB 15 Careful consideration of these are required as they impact the recognition of revenue 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 number of incentives to enhance customer loyalty. This article considers two common arrangements, being volume rebates and customer loyalty programs, and the […]
With over a decade of experience as a Chartered Accountant, Jeff has built a reputation for being more than just a technical advisor, he’s a trusted partner to the clients he works with. Specialising in business and income tax advisory, as well as employment tax services, Jeff supports privately held groups and large corporations by […]
Peter is a Partner at Pitcher Partners Melbourne. Peter works with growing Australian businesses and helps them navigate the complexities of scaling up while maintaining strong foundations. His experience spans strategic planning, business advisory, and understanding what it takes for companies to attract investment and compete in today’s market. Peter combines empathy with his extensive […]
Key points Australia does not have a formal estate tax regime, but superannuation death benefits can result in tax payable for certain beneficiaries. Be smart and plan ahead to help maximise family wealth. When it comes to estate planning, many Australians are surprised to learn, unlike the USA and UK, Australia does not have a […]
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 […]
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