Update July 14, 2025 The US “One Big Beautiful Bill”, which proposed sweeping international tax reforms including retaliatory tax increases on foreign income, has now passed through Congress. Initially flagged as a concern for Australian taxpayers with US-sourced income, the final version has removed Section 899 following negotiations with the G7, meaning most of the […]
As we approach the end of the financial year, and it’s time to get your year-end tax planning sorted. We’re here to help you get everything in order. Watch our Pitcher Partners’ year-end tax planning webinar, where Tax Advisory Partner Daniel Burt, will guide you through all the essential aspects of income tax planning. During […]
With 15 May now behind us, attention turns to 30 June. With the ATO increasing its compliance focus at all levels (firms, funds, investors) and trusts in particular continuing to be under the microscope, responsible entities, trustees and fund managers must prioritise tax compliance and investor reporting. Failing to address key issues could lead to […]
As the end of the financial year approaches, it is time to start thinking about whether your year-end tax planning is in order. Tax planning requires not only a consideration of income and deductions for the year but also looking forward to opportunities ahead of 1 July. In this article we identify the key tax […]
View the Victorian State Budget 2026-27 analysis here In her first term as Victorian Treasurer, Jaclyn Symes has handed down a Budget which provides targeted cost of living relief, but fails to address the increasing costs of doing business in Victoria or provide any relief from the significant tax burden that is now borne by […]
This article was updated on 20 May, 2025. As we await the outcome of the ATO’s application for special leave to appeal to the High Court in Bendel, some taxpayers may have taken the position of putting their unpaid present entitlements (“UPEs”) on complying loan terms without explicitly converting them to a loan. An article […]
Key points Review your business structure and tax planning strategies before 30 June to maximise deductions and minimise liabilities. Consider bringing forward expenses and deferring income to manage taxable income effectively. Ensure superannuation contributions and trust resolutions are completed on time to meet compliance requirements. As the end of the 2025 financial year approaches, it’s […]
Key points ATO interest charges (GIC and SIC) won’t be tax-deductible from 1 July 2025. Charges assessed before that date may still be deductible. Businesses should act early to avoid non-deductible interest. Starting 1 July 2025, significant changes will be implemented regarding the deductibility of the General Interest Charge (GIC) and Shortfall Interest Charge (SIC) […]
Welcome to Pitcher Perspective, where we take you beyond the numbers and go in-depth on the current issues affecting Australian businesses, families and individuals. It’s that time of the year again, where we begin to focus on year-end tax planning. To take us through the numerous tax strategies available, Private Wealth Partner Jordan Kennedy sits […]
Pitcher Partners has made a submission to the ATO to Draft Taxation Determination TD 2025/D2. The Draft TD relates to the application of section 109R in Division 7A where the ATO provide their view that section 109R can apply to disregard a repayment of a Division 7A loan where the borrower obtains a new loan […]
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