Insights

CFOs should expect real-time, reliable group reporting, moving beyond spreadsheets is a critical step toward achieving it.

This decision is highly relevant for private and family groups that rely on long standing related party arrangements without current documentation. It shows the ATO, and the courts, will look past “how things have always been done” and focus on whether a binding agreement actually exists.

Many business owners assume advisers add value mainly by introducing buyers. This article explains how value is maximised during execution; through process control, negotiation discipline and risk management. 

Many owners assume due diligence begins as soon as a business is for sale. This article explains why it comes later in the divestment process, and how preparation protects value. 

Many business owners believe they must launch a sale process to understand buyer appetite and value. This article demystifies this by explaining how market insight can be gathered first, without committing to a divestment. 

Many business owners worry that engaging corporate finance will trigger a sale process before they are ready. This article explains how a pre‑sale review provides clarity on value, risk and market positioning, without forcing a transaction or timeline. 

Business valuations don’t deliver a single “right” number. This article explains how the purpose of a business valuation shapes methodology, outcomes and board‑level decisions in corporate finance. 

Corporate finance is about creating value, not just closing deals. This article explores how strategic advice, succession planning and people skills drive long-term business outcomes. 

Stefan from PKF shares insights on building market-relevant business value and strategic growth. He joins Ferzad Bharucha on the Play to Win Advisory podcast to discuss corporate advisory in action.

Ever wondered how a graduate auditor builds a dynamic and fulfilling career in professional services? 

The unanimous New South Wales Court of Appeal decision in the Uber payroll tax case marks a turning point for Australia’s gig economy and platform-based businesses. The Court ruled that payments to Uber drivers are “wages” under the Payroll Tax Act, overturning the previous decision in Uber’s favour. This serves as a warning to all businesses using contractor and centralised payment models to urgently reassess payroll tax risks. Industries such as healthcare, education, finance, insurance, and domestic services must review and adapt their business structures to ensure compliance with evolving payroll tax obligations. 

On 20 August 2025, the Australian Taxation Office (ATO) released PCG 2025/2, providing its final compliance approach to restructures undertaken in response to restructures, the new thin capitalisation rules and debt deduction creation rules (DDCR) introduced by the Treasury Laws Amendment (Making Multinationals Pay Their Fair Share—Integrity and Transparency) Act 2024. This guideline offers a risk assessment framework and practical examples to help taxpayers self-assess the compliance risk of their restructuring arrangements.

The tax law amendment effective from 1 July 2025 has a significant impact on taxpayers’ ability to deduct ATO interest charges (GIC and SIC). With the repeal of prior deductibility rights, taxpayers must correctly determine the scope of deductible interest. This article systematically reviews the principles established in key tax ruling, determination and case law, demonstrating that deductions for GIC and SIC are now almost entirely disallowed in practice. It further extends the discussion to the deductibility of financing interest, noting that in the context of non-deductible GIC/SIC, taxpayers who raise funds through borrowings to meet their tax liabilities may still be able to claim deductions under relevant tax laws, depending on the nature of the entity and the commerciality of the arrangement. The article compares the treatment of non-business individuals, sole traders, and corporate taxpayers, and explores working capital alternatives, offering businesses practical pathways for compliant and efficient tax management.

Ever wondered how a graduate accountant builds a dynamic and fulfilling career in professional services? 

Starting an accounting career during university can be a game-changer and that’s exactly what Olivia Handreck did.

On 6 August 2025, The Australian Taxation Office (ATO) released Draft Practical Compliance Guideline PCG 2025/D4, providing a targeted compliance framework for low-risk cross-border software payments. While narrow in scope, this guidance offers taxpayers an opportunity to reduce uncertainty and better manage compliance in a specific area of tax administration.

Each July, Disability Pride Month serves as a global reminder to acknowledge, celebrate, and elevate the voices of people living with disability. At PKF, it’s an opportunity to reflect on how we nurture inclusivity and ensure every member of our team feels supported, understood, and empowered to thrive, exactly as they are.

Following the initial rollout of Pillar Two rules in Australia, the Australian Taxation Office (ATO) has now released further guidance detailing the lodging, payment, and compliance obligations for multinational enterprise (MNE) groups under the Global Anti-Base Erosion (GloBE) framework.