Juliana provides tax advisory and compliance services to listed investment companies, large privately owned companies and managed funds. Her experience extends across a range of industries including financial services, technology, property and engineering. Recognising the importance of having a supportive network throughout a career journey, Juliana has been a mentor and source of inspiration for numerous junior […]
Robert is an expert in advisory for the pharmacy sector. He is passionate about guiding pharmacists through the process of purchasing their pharmacy, being a successful pharmacy owner and achieving their short and long-term goals. Throughout his career, which spans over 15 years, Robert has developed expertise in working with community pharmacists to help them […]
A highly regarded professional, Lisa has an impressive career spanning more than 20 years. During her tenure with Pitcher Partners’ Adelaide firm, she has gained significant experience providing accounting and compliance services and advice, including business structuring, tax planning, finance applications, business structuring and general taxation advice and strategies to a diverse range of clients. […]
Key points Construction businesses are facing a perfect storm of supply chain delays, material cost spikes, labour shortages, and fixed-price contract pressures. Monthly or quarterly financial reporting is essential to understand real-time business performance and make informed decisions. Focusing on cash flow, profitability, and cost control can help businesses stay solvent and adapt to volatile […]
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.
Recent court cases and ATO guidance products present additional challenges for trustees when considering how to distribute trust income.
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.
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.
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).
The ATO has finalised draft guidance on the application of section 100A to trust entitlements, staying close to the original released earlier this year. The finalisation comes despite two cases (both for and against the Commissioner) currently on appeal to the Full Federal Court. The guidance provides a very stringent view by the ATO on what may fall within the scope of section 100A. This may create significant risks with respect to trust distributions that will need to be managed very carefully.
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