Articles & insights | RSM in Canberra

Tailored insights for Canberra business owners, individuals and organisations.

Drawing from our national and global reach, we deliver commentary on the latest opportunities and challenges across our region.

Stay up-to-date with issues that affect your professional and personal financial circumstances.

Should you raise your prices to keep up with inflation?

I was in a retail store the other day and was surprised to see a notice taped to the counter. It said: “We are proud that we haven’t raised our prices, even in light of current events.”

Is crypto the next payment option for businesses?

As we inch ever-closer to a cashless society – tapping our cards, phones and even watches to pay for goods and services – the question on everybody’s lips is: how long until we see a digital currency in Australia?

Payroll tax risks to medical practices and allied health providers

If you own a medical or allied health practice that engages subcontractors, and you do not pay any payroll tax, you should be aware of these two recent court cases.

Why business owners need to get on top of leave balances after lockdowns

With nowhere to go and nothing to do but work, accumulated leave balances have increased dramatically. With borders now open, it’s a great time to encourage staff to take some much-needed time out and use up some of their leave.

Construction companies urged to take notice as leader enters administration

Last week, we learned that one of Australia’s largest construction companies, Probuild, has entered sudden administration with no warning to subcontractors. A long list of factors have likely played a role in the company’s demise, including delays due to lockdowns and increased labour and materials costs. 

Do you qualify for the Small Business Restructuring process?

Do you qualify for the Small Business Restructuring process? Small businesses in financial distress are now able to access a simplified debt restructuring process if they are eligible.

Everything company directors need to know about the new Director Identification Number

In an effort to prevent false or fraudulent director identities, the Australian Government has announced a new requirement for directors.

New warning notices from ATO for businesses with $100k+ tax debt

Under laws introduced in 2019, the ATO is now issuing warning notices to businesses with tax debts over $100,000 that are now 90 days or more overdue.  

What you need to know about ACT COVID-19 Business Support Grants

UPDATE 31 August, 12 noon: The Australian and ACT Governments have expanded the COVID-19 Business Support Grants with the extension of the ACT lockdown to 17 September.

Predictions for Regional Australia in 2022

Looking at regional Australia, 2020/21 saw some communities face floods, mouse plagues, and the fallout of the global pandemic that hit the tourism sector hard.

Having a failing business is mentally tough

This month Andrew Bowcher, an RSM Partner based in Wagga Wagga, shares his personal experience of working with people who are facing potential bankruptcy. After nearly 20 years with RSM, he has worked with a lot of clients and heard a lot of personal stories.

New grants available to ACT businesses and individuals impacted by the recent COVID-19 lockdown

The ACT Government announced a range of measures to support local business and industries impacted by the recent COVID-19 lockdown.