Business advice and improvement Archives - Page 8 of 26

Challenges and solutions for employee share schemes

May 9, 2023

Employee share schemes can be a powerful tool for businesses looking to motivate and retain their staff. By giving employees the opportunity to own a stake in the company, businesses can align their interests with those of their workers and encourage them to work towards the company’s success. In this article, we’ll take a look at how to set up an employee share scheme discount sale in your business. We’ll cover the benefits of offering such a scheme, the different types of schemes available, and how to structure the scheme for maximum success. Whether you’re a small business owner or a large corporation, an employee share scheme could be a valuable addition to your remuneration package, so let’s get started.

Is your business ready for mandatory climate reporting?

April 28, 2023

By Amos Rojter

Every business is already impacted by climate change and the national and global move to a more decarbonised economy. As we respond to climate change, even small to medium size businesses will feel the effects on their business models, supply chains, risk management and attitudes of customers and staff. This is particularly the case for businesses whose customers include larger businesses or emission generating businesses, who will have to understand and report on the emissions of their suppliers.

Our advocacy work: New thin capitalisation rules exposure draft

April 17, 2023

By Charlotte Fenner

In March 2023, Treasury released an exposure draft legislation for public comment on the new thin capitalisation rules. We made a comprehensive submission in response to the exposure draft legislation.

What is customer listening?

April 12, 2023

By Amos Rojter

As businesses navigate the impact of the rising cost of living on operations, it’s important to foster strong customer connections. Understanding changes in customer expectations will be a cornerstone of corporate success as customers tighten their belts and businesses re-examine their spending priorities amid economic uncertainty.

Cybercrime: The importance of a chain of command

April 12, 2023

By Amos Rojter

Pitcher Partners Radar report has shown that business leaders may overestimate their organisation’s preparedness for a cyber-attack or data breach, potentially leading to underestimation of the risks they face. While cybersecurity is a top priority for most mid-market companies, there is some ambiguity regarding who is responsible for cybersecurity.

New thin capitalisation rules

April 6, 2023

By Jarrod Rowe

The Government will implement new thin capitalisation rules that will operate from 1 July 2023. The proposed new rules will apply to deny interest deductions for taxpayers with foreign shareholders, or foreign operations, or that are part of multinational groups.

Data-addicted business playing risky game with cybersecurity

April 4, 2023

By Charlotte Fenner

The sugar hit of accumulating data may be proving so addictive to business that they are putting aside the creeping liability that comes with high volumes of storage. New data from Pitcher Partners’ Business Radar report highlights the conflict facing mid-market businesses as they examine their risk profile against data breaches and cyber-attacks. On one […]

5 things businesses can learn from concussion protocols

March 31, 2023

By Amos Rojter

Key points Businesses should invest in prevention strategies, like safety, wellness, and planning, to avoid long-term operational harm. Early detection and intervention, such as regular financial reporting, are vital to addressing issues before they escalate. Transparent communication and a holistic recovery mindset help build resilience and sustainability across the organisation. There has been a lot […]

Australia’s Privacy laws are changing: What it means for data governance

March 31, 2023

By Amos Rojter

Australia’s Privacy Act is under review, possibly modelled off the EU’s General Data Protection Regulation (GDPR). Updates to the Act may require Australian businesses to have Data Protection Officers (DPO). Businesses may need to upskill internally or look externally for the right skillset

Exposure draft of new thin capitalisation interest limitation rules released

March 23, 2023

By Jarrod Rowe

Treasury has released exposure draft legislation to overhaul the thin capitalisation rules for non-financial entities. The proposal will replace the current asset-based 60% safe harbour test with a fixed ratio earnings limit (which will limit net debt deductions to 30% of EBITDA).