The Australian Accounting Standards Board (AASB) is proposing changes to Tier 2 (Simplified Disclosure) financial statements: ED 341 was issued for comment in June 2026, with comments due to the AASB by 24 August 2026. The changes outlined in ED 341 would align Tier 2 financial statements with the presentation and classification requirements of AASB […]
Key points: Testamentary trusts have secured a major win, with genuine structures proposed to be exempt from the new 30% minimum tax. The exemption comes with guardrails, as injected assets may still be caught by the new rules. Now is the time to review trust structures before the proposed reforms take effect. Proposed rollover relief […]
Key points: Many for-purpose organisations rely heavily on grant funding, yet few have a clear plan for what happens if that funding is delayed, reduced or not renewed. Boards play a critical role in understanding funding dependency and ensuring the organisation can respond when funding assumptions change. Simple reporting, scenario planning and contingency strategies can […]
Welcome to Pitcher Perspective, where we take you beyond the headlines and go in-depth on the current issues affecting the Australian businesses. ATO reviews are becoming more common, and for many growing businesses and wealthy families, they’re no longer a question of if but when. In this episode, Private Wealth Partner Jordan Kennedy is joined […]
Tonia is a Client Director in the Private Business and Family Advisory division of Pitcher Partners Sydney. She brings over 14 years’ experience delivering outsourced CFO accounting and advisory services to a broad range of businesses, with a particular focus on servicing multinational groups and private companies. Tonia adopts a hands-on and collaborative approach. She […]
Hiro has built his career at Pitcher Partners since joining in 2016 and specialises in delivering fully outsourced CFO solutions and advisory services to Australian and offshore entities of Japanese multinational groups. His expertise spans tax compliance, financial reporting, and broader business advisory, enabling him to provide integrated and practical support across the full business […]
Levi Holdsworth is a Principal in the Private Business and Family Advisory division, specialising in working with middle market clients with a distinctly personal approach. With over 15 years’ experience, he advises privately owned businesses, high-net-worth individuals and family offices across industries including property, hospitality, investment, and entrepreneurial start-ups. Bringing a grounded, commercial perspective shaped […]
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 […]
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