Latest news
Insights
Latest news
Keep up to date with the latest news and insights by subscribing to our fortnightly newsletter.
Taxing unimproved land in Metropolitan Melbourne
From 1 January 2026, Vacant Residential Land Tax (VRLT) is extending to land in metropolitan Melbourne that has remained undeveloped for a continuous period of five years or more and is capable of residential development.
Turbocharge your donations with a Private Ancillary Fund
Some clients want a structured, lasting way to support the causes they care about. A Private Ancillary Fund (PAF) offers a flexible and tax-effective way to manage long-term philanthropic activities.
NSW imposes land tax on free standing granny flats
There is an old legal saying “Bad cases make bad law”. The reverse is also true though. The NSW Civil and Administrative Tribunal (commonly known as NCAT) has shown that bad law makes bad cases.
Navigating Australia’s new Public Country-by-Country Reporting Regime: What multinationals need to know
The Australian Government has introduced a landmark transparency initiative: the Public Country-by-Country (CBC) Reporting regime, effective for income years starting on or after 1 July 2024. Administered by the Australian Taxation Office (ATO), this new measure requires certain large multinational enterprises (MNEs) to publicly disclose selected tax and operational information, marking a significant shift in global tax reporting obligations.
Right to disconnect – What small businesses need to know before 26 August 2025
On 26 August 2025, employees of small businesses will commence having the right to disconnect from the workplace. This means employees can refuse to monitor, read, or respond to work-related contact outside of their working hours, unless their refusal is deemed unreasonable.
Understanding the impact of working capital on equity value in M&A
Understanding how working capital affects equity value is crucial when selling a business. It’s often a source of confusion and contention in transactions and could derail a deal. This article outlines key working capital considerations in Mergers and Acquisitions and how they influence value.
Preparing for the sale of a business
For most founders, selling their business is a once-in-a-lifetime event. A common reason deals fall through is the loss of momentum. With the rise of intensive due diligence in recent years, being fully prepared and ensuring your business is “sale-ready” has never been more important for achieving a successful outcome.
Taxpayer’s rights and obligations
Now that it’s a new financial year, taxpayers may be anticipating a tax refund from lodging their tax return. However, lodging too soon could mean the information in your tax return is incomplete or inaccurate.
Nature-related risks — The financial wake-up call for business
The Taskforce on Nature-related Financial Disclosures (TNFD), in collaboration with the University of Oxford and Global Canopy, has released a landmark evidence review (Evidence review on the financial effects of nature-related risks – TNFD) that underscores the urgent financial implications of nature-related risks for businesses and investors.
Brad Savage joins Forvis Mazars, strengthening business advisory and tax divisions
Forvis Mazars, the international audit, tax, and advisory services firm, is delighted to announce the appointment of Brad Savage as a new Partner. This strategic addition reflects Forvis Mazars' commitment to growth and its forward-looking approach and ongoing commitment to the Australian market.