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National Minimum Wage and Modern Award rates increase announced
Today, Tuesday 3 June, at 10:00 am AEST, The Fair Work Commission (FWC) handed down the Annual Wage Review 2025 decision.
Forvis Mazars announced finalists in Australian Accounting Awards 2025
Forvis Mazars is delighted to be named finalists in four group categories in the 2025 Australian Accounting Awards.
The benefits of timely year end planning
As 30 June starts to come into view, business owners should take the time to estimate how the 2024/2025 year will end up, take a snapshot of the year and determine what tax liability is likely to result and most importantly what the options are to minimise those liabilities.
Watch out! No more tax deductions for interest charged on late tax payments – plan ahead
Taxpayer’s may need to re-think how they fund their future tax liabilities. Parliament has now passed laws to remove a tax deduction for General Interest Charge (GIC) and Shortfall Interest Charge (SIC) with effect from 1 July 2025.
2025-2026 Australian Federal Budget tax & superannuation brief
The Federal Treasurer, Dr Jim Chalmers, handed down the 2025–26 Federal Budget at 7:30pm (AEDT) on 25 March 2025.
Graeme Hedding joins Forvis Mazars as Partner, strengthening audit and assurance expertise
Forvis Mazars, the international audit, tax, and advisory services partnership, is pleased to announce the appointment of Graeme Hedding as a new partner, further strengthening the firm's leadership and expertise in audit and assurance. This strategic addition reinforces Forvis Mazars' commitment to growth and its forward-looking approach in the Australian market.
Bendel Court Decision – A significant win for taxpayers, but proceed cautiously
A recent Full Federal Court decision (Commissioner of Taxation v Bendel [2025] FCAFC 15) unanimously found in favour of a taxpayer has brought into question how the ATO has been incorrectly administering trusts with present entitlements owing to companies.
Pillar Two finally law in Australia in time for 31 December 2024 year end
Australia has joined over 140 countries in implementing the 15% global minimum tax, referred to as Pillar Two, which will impact multinational groups with turnover exceeding €750 million for income years starting on or after 1 January 2024.
NSW Net Zero Planning Grant 2025: Eligibility assessment tool
Taking stock - Should we be doing monthly stocktaking in our business?
How often do you take stock of your inventory—literally? While stocktakes might seem like a time-consuming and costly exercise, they’re an essential investment for long-term business success. Regular stock takes don’t just streamline your operations; they empower you to make smarter, data-driven decisions that can boost financial performance over time. In this blog, we’ll explore why consistent stock management is the backbone of a thriving business and how it can transform your operations.