Kate Permewan

Inland Revenue NZ is seeking feedback on the scope of its next long-term insights briefing. It's proposing its second briefing consider "what broad structure of the tax system would be suitable for the future, given what we know about long-term fiscal pressures and current tensions in our system." It's an interesting read and I'll have more in this week's podcast. Consultation is now open until 4th October and the final briefing will be released in mid-to-late 2025. #nztax #taxpolicy #inlandrevenue https://lnkd.in/geG-t5A7

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This is an excellent paper with insights from one of the most experienced minds in Superannuation Tax in Australia, well worth a read and make sure you connect with Shayne to discuss

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🌍 Topics that are particularly important for the profession include sustainability, AI, and the evolution of the profession itself, including ethics. In this video, CPA Australia CEO Chris Freeland AM talks about what we are focusing on in 2025 to provide value to our members. 📈✨ For more highlights from 2024 👉 https://bit.ly/404vtHc

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What stops Australian small and medium enterprises (SMEs) from business structuring? Prior research has revealed advisors’ perceptions that most SMEs had not adopted an appropriate business structure due to an absence of advice at the inception stage of the business. There are many reasons why business structuring may be considered necessary by advisors and operators of SMEs. These can include facilitating new investors, facilitating a business succession plan, allowing access to generous tax concessions only available to certain business structures, and to address legacy issues (such as a complicated structure). Our research found a difference between the factors that impact an established business compared to a new business. Our analysis demonstrates that for established businesses, transfer costs such as capital gains tax (CGT) and stamp duty are more frequently mentioned by advisors as inhibitors. Whereas for new businesses, the more frequently mentioned inhibitors are establishment costs and client understanding. For more details see: https://lnkd.in/ewY8bNUu Barbara Trad Craig Cameron

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KPMG Australia and Family Business Association (AU) acknowledge the contribution Blueforce has made in creating a positive footprint for Australian family businesses. Blueforce is an Australian first-generation family business founded by Dale Lofts who has a laser focus on growth and succession. In 2002 at age of 42, Dale founded Blueforce alone with a vision of starting a corporation - not a family business. Since then, Dale has built Blueforce into one of Australia’s most trusted family businesses with over 75 staff providing year on year growth, leading to the inception of their sub-brands – Blueassist and Allcare. This has allowed his business to enrich and diversify its customer focus, while building and maintaining strong client relationships. With a focus on agility, innovation and excellence in customer service, Dale leads and operates his family business with his children Sam, Jackson and Sophie each contributing to the success of this family business. Dale spent his childhood travelling around NSW where is father, Dale’s “superhero”, worked as a water surveyor. This experience inspired Dale to strive to build a corporate career, and in turn take ultimate control of his future by establishing blueforce. During a recent and robust discussion with Dale, he shared his genuine passion for his business. Here are just a few of many of his insights: • “It’s very hard to stop progress if you have the right people and your business is humming” • “Agility is a tool to conquer and succeed” • “Sharing and deploying knowledge with your team is key to consistent service delivery” • “Our staff are very competitive by nature and tribal in their loyalty and commitment to our business and customers”, • “Enthusiasm and empowerment is important for the next generation – this enables a healthy approach to risk, progress and success” • “The best investment we have ever made is investing in our community” Giving back to the local community is a key driver for this family business, from having its own grants program to the entire staff cohort pulling up their sleeves and making sandwiches for children whose families need support. Dale displays a genuine care and interest in people, whether they be inside or external to his business.   Dale shared his thoughts around how government policy consideration in the following areas would support Australian family businesses: focussed R&D resource support, compliance accessibility for family businesses (similar to larger corporates) and education grants for trades and competence training. Blueforce is one of many of the Australian family businesses who are having a significant impact contributing to Australia’s infrastructure, economic resilience and broader community. Please join us in congratulating them on their significant success and contribution to Australia’s economy. #familybusiness #growth #succession Robyn Langsford Agnes Vacca Catherine Eastman Dale Lofts

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KPMG Australia and Family Business Association (AU) acknowledge the contribution blueforce has made in creating a positive footprint for Australian family businesses. Blueforce is an Australian first-generation family business founded by Dale Lofts who has a laser focus on growth and succession. In 2002 at age of 42, Dale founded blueforce with one staff member (himself) and a vision of starting a corporation - not a family business. Since then, Dale has built blueforce into one of Australia’s most trusted family businesses with over 75 staff providing year on year growth, leading to the inception of their sub-brands – Blueassist and allcare. This has allowed his business to enrich and diversify its customer focus, while building and maintaining strong client relationships. With a focus on agility, innovation and excellence in customer service, Dale leads and operates his family business with his children Sam, Jackson and Sophie each contributing to the success of this family business. Dale spent his childhood travelling around NSW where is father, Dale’s “superhero”, worked as a water surveyor. This experience inspired Dale to strive to build a corporate career, and in turn take ultimate control of his future by establishing blueforce. During a recent and robust discussion with Dale, he shared his genuine passion for his business. Here are just a few of many of his insights: • “It’s very hard to stop progress if you have the right people and your business is humming” • “Agility is a tool to conquer and succeed” • “Sharing and deploying knowledge with your team is key to consistent service delivery” • “Our staff are very competitive by nature and tribal in their loyalty and commitment to our business and customers”, • “Enthusiasm and empowerment is important for the next generation – this enables a healthy approach to risk, progress and success” • “The best investment we have ever made is investing in our community” Giving back to the local community is a key driver for this family business, from having its own grants program to the entire staff cohort pulling up their sleeves and making sandwiches for children whose families need support. Dale displays a genuine care and interest in people, whether they be inside or external to his business. Dale shared his thoughts around how government policy consideration in the following areas would support Australian family businesses: focussed R&D resource support, compliance accessibility for family businesses (similar to larger corporates) and education grants for trades and competence training. Blueforce is one of many of the Australian family businesses who are having a significant impact contributing to Australia’s infrastructure, economic resilience and broader community. Please join us in congratulating them on their significant success and contribution to Australia’s economy. Catherine Sayer Robyn Langsford Agnes Vacca

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Own an investment property or an expensive lifestyle asset? 🛥️🖼️🏇 The ATO is ensuring that what's declared in tax returns matches up. Contact us on 02 6686 3000 for expert guidance to safeguard your assets and stay compliant! https://lnkd.in/gTdUf2xP #TaxOffice #deductions #assets #TaxReturn #investment #property #LifestyleAssets #PersonalWealth

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Own an investment property or an expensive lifestyle asset? 🛥️🖼️🏇 The ATO is ensuring that what's declared in tax returns matches up. Contact us on 02 6686 3000 for expert guidance to safeguard your assets and stay compliant! https://lnkd.in/gv6ifdc2 #TaxOffice #deductions #assets #TaxReturn #investment #property #LifestyleAssets #PersonalWealth

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My Capability Plan In these challenging times, CPA recognises that the retraction of the public sector and the wider business community may impact some of our members. Please remember that CPA Australia offers a wide range of tools to support you. Over the next few months, we will highlight some of these resources and encourage all members to take full advantage of the tools on offer to help navigate these times. The first of these to use is My Capability Plan. It is a self-assessment tool provided exclusively to CPA members that assesses capabilities against CPA Australia’s Accounting and Finance Capability Framework. By undertaking this assessment, CPA Members will identify capability strengths and areas for development to help guide future learning activities and career development. This self-assessment tool will take approximately 15 minutes for you to complete. https://lnkd.in/gShx-h22

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The decision to freeze the tax-free threshold on land tax and hike foreign investor duties in NSW shows how land has become the “low hanging fruit” of governments to conveniently raise revenue. Read my comments further in AccountantsDaily. #tax #propertyinvestment #landtax #NSWbudget https://lnkd.in/gkf3Y4-z?

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ATO Spotlight on Next 5,000 private groups Australia’s largest private groups have once again been put on notice about the consequences of not maintaining fit-for-purpose tax governance and reporting frameworks. Yesterday, 22nd April 2024 the Australian Taxation Office had announced a key focus on compliance with tax governance and reporting for family groups that together with their associates, control wealth of more than $50 million. ACTION: ✔️ Prepare early and seek professional advice on how to ensure your family and business entities are review ready and proactively managing the key risk areas outlined in the ATO next 5,000. #ato #taxation #next5000 #wealth #HNWI #compliance #familyoffice #privatewealth #$50million

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Came across this interview by Kerry Packers accountant. As we are nearing the end of the financial year the main take away is that as a business owner you should be always PLANNING during the whole year. https://lnkd.in/gcn2NkJa #cfo #cashflow #businessperformance #importexport #manufacturing #familybusiness

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When a crew member is engaged as a sole trader, and the question arises: do they need to be paid superannuation? At Above the Line Accounting, we’re here to clarify the latest rules from the ATO and ensure your film doesn’t run into any payroll or accounting issues. This blog clarifies who needs to be paid superannuation. https://lnkd.in/gY-Fjkyc

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A timely reminder of the depth of RSM Restructuring and Recovery Services Greg given the current economic climate we are experiencing.

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Ten years ago, the average Australian taxpayer spent 2.2 hours on each #GST return. In FY2023, the average was *less than four minutes*. One of the many interesting facts in the annual Taxation Statistics released this week by the #ATO. The huge reduction in taxpayer #compliance costs for Business Activity Statements is a really striking result - it demonstrates the huge positive dividends still being enjoyed from the #SimplerBAS project, handing back literally millions of hours to SME taxpayers to invest in their business. #VAT

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BREAKING NEWS! Introducing our People and Culture Consulting Service A great additional level of service offering for our clients. If you'd like to know more, just message me here. #SME #businessadvisory #businessgrowth #financialgoals #Trilingual

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Get your business fundamentals fit to drive economic value! In today's dynamic business world, understanding the basics is crucial for creating value. In our latest article, co-authored by myself, Jade Dixon, and Susie Salmon, we outline four essential fundamentals for Australian private businesses. Core fundamentals: • Strategy and planning: Develop a clear strategy to navigate growth and challenges. • Financial management: Leverage data and tech for efficient decision-making. • Governance: Strengthen governance to boost value and ensure compliance. • Working capital: Optimise for better cash flow and stability. Whether you're starting, scaling, or selling, these fundamentals are key. 🔑 📚 Read the full article to set your business up for success: https://bit.ly/3zqDCL1 If you’re interested in attending our upcoming virtual event send me a message! #pwcprivate #CFO #businessfundamentals #privatebusiness

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