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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.
National Minimum Wage and Modern Award rates increase announced
The Fair Work Commission has handed down its Annual Wage Review 2026 decision, with a 4.75% increase to Modern Award minimum wages from the first full pay period on or after 1 July 2026.
The National Minimum Wage has also increased to $1,004.90 per week, or $26.44 per hour based on a 38-hour work week for full-time adult employee.
The National Minimum Wage has also increased to $1,004.90 per week, or $26.44 per hour based on a 38-hour work week for full-time adult employee.
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.