With the exception of Tasmania, all Australian States and Territories have now delivered their Budgets for 2024-25. The first half of the 2024 calendar year has been a busy one in the world of State and Territory taxes, partly due to many measures associated with their budgets for 2024-25. The Budgets contain announcements regarding changes […]
Pitcher Partners Melbourne brought together a panel of experts for an extensive budget briefing. The panel included ANZ Senior Economist Catherine Birch and Tax Advisory partners Stuart Dall, Daniel Burt and Irina Tan. Together they discuss the implications of the Federal and Victorian State budget on individuals and middle market businesses. A budget focused on […]
Key points: Victoria is the only state where new business starts have declined from 2021 levels Government policies, labour market shortages and supply chain dynamics significant factors affecting productivity Removal of stamp duty exemptions, Foreign Buyers Duty and increase in payroll tax contributing to an unfavourable business climate Victoria risks losing even more business investment […]
You could be ‘parked’ with a $300,000 FBT liability if you don’t take the time to consider it. Under FBT rules, if an employer provides car parking to an employee, either at their own premises, at a parking facility or leased car park near their place of employment, there may be a potential FBT liability. […]
Elena is a Client Director in the Tax Consulting division of Pitcher Partners Melbourne. She has been advising in relation to employment taxes in a broad range of compliance and advisory matters. Prior to joining Pitcher Partners in 2015, Elena worked at a Big Four accounting firm obtaining extensive experience in the Employment Taxes and […]
Think before you swipe right on that dating app – because if you hook up with the wrong person, your tax situation could completely change. What could be more romantic than thinking about tax on Valentine’s Day? The calculations, the spreadsheets, the auditing… #love.
Terry has over 15 years’ experience as a Global Mobility professional and trusted cross-border tax advisor, supporting the movement of people between Australia, the US and around the world. He has a strong reputation for providing cross-border advice to high-net-worth individuals, with his expertise extending to voluntary disclosure and expatriation advice for US citizens, as […]
In good news for SA businesses, and despite the Budget falling into deficit, the State Government has again met its pre-election promise to not introduce any new taxes or increase existing taxes.
In order to repair the gaping hole in the state’s budget, Victorian businesses with national payrolls above $10 million a year will be subject to an additional 0.5% levy on top of the existing payroll tax rate, with a further 0.5% for businesses with a payroll over $100 million.
Treasurer Tim Pallas handed down the Victorian State Budget 2023-24 on the afternoon of 23 May 2023. It contains a number of proposed changes to Victoria’s tax regime, the most significant of which for business relate to payroll tax, land tax and stamp duty reform for commercial and industrial properties.
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