05/06/2020
The Australian Taxation Office (ATO) has reporting obligations in place affecting those who offer employee share schemes. Find out how our ATO-approved software can simplify your reporting obligations. ATO reporting obligations The Australian Taxation Office (ATO) have reporting obligations in place, affecting those who offer shares or share options to their employees. The deadlines to […]
05/06/2020
On Thursday 4 June the Federal Government announced a $25,000 grant for new housing construction. The Federal Government announced a $25,000 grant that will give eligible Australians $25,000 to build or substantially renovate their homes in an effort to boost demand in the construction sector and ease a predicted downturn. This is a good step […]
04/06/2020
A roadmap for the COVID-19 recovery of Victorian automotive dealerships As advisors and accountants to the automotive industry, in collaboration with the Victorian Automobile Chamber of Commerce – VACC and members of their Victorian Automobile Dealers Association we are pleased to share with you ‘Road to Recovery: A roadmap for the COVID-19 recovery of Victorian […]
04/06/2020
COVID-19 has caused a significant amount of uncertainty worldwide and has had a substantial impact on global financial markets. Companies must assess, reflect upon and communicate the impact of COVID-19 appropriately in their financial report. Going concern and subsequent events: Has the forecast been adjusted to reflect conditions over the next 12 months? Does debt […]
03/06/2020
The Victorian Government has announced $50m worth of funding to support regional businesses who have been impacted by COVID-19. Administered through the Department of Agriculture in conjunction with Regional Development Victoria, the Victorian Government has released the $50 million Agriculture Workforce Plan, designed to support regional businesses across the agriculture sector. The funding will go […]
03/06/2020
David Chu, Head of International Business, discusses the Reserve Bank of Australia’s diagnosis of the Australian economy as well as the problems arising from the lifting of Hong Kong’s preferential tariff status by the United States. David Chu, Head of International Business, recently joined Thomas Sung (host) on the SBS Radio Cantonese Program to discuss the […]
02/06/2020
Schools have until 7 September 2020 to make voluntary disclosures of Superannuation shortfalls to the ATO. Schools are being urged to undertake a payroll health check, in light of an emerging risk pertaining to: Underpayments to professional and teaching staff; and The recent Superannuation Amnesty that gives Schools a 3 month window to disclose any […]
01/06/2020
Making contributions into your super can be a great way help boost your income in retirement. What’s more, the sooner you start, the greater the impact could be. With the End of the Financial Year fast approaching, here are some handy reminders of the ways you can add extra funds into your super accounts. Make […]
01/06/2020
More taxpayers will be caught by the broadened Significant Global Entity (SGE) definition. With the Royal Assent received on Treasury Laws Amendment (2020 Measures No.1) Bill 2020 on 25 May 2020, the definition of SGE is officially broadened. This means more entities will be subject to: Country-by-Country (CBC) Reporting and general purpose financial statements (GPFS) […]
29/05/2020
Our team of experts discussed the latest changes to Australian reporting requirements and their potential implications for preparers of financial statements. In this webinar recording Bessie Zhang, Rene Muller, Tom Mullarkey, Jimmy Cao and Callum Murray covered the following topics with nearly 500 attendees: COVID-19 impacts on financial reporting New Simplified Disclosure Regime (SDR) reporting […]