Search

Display 561-570 of 602

Australian businesses believe election speculation no good for business

28/03/2019

On the eve of the Federal Budget, a new poll has shown that three out of five Australian businesses believe speculation around the federal election is having a negative impact on business and consumer confidence. Over 230 businesses across a range of key of industry sectors responded to ShineWing Australia’s Pre-Budget impact survey. While only […]

Lease liabilities on the balance sheet

22/03/2019

Does your company use assets on an operating lease? The new leases accounting standard could potentially result in significant adjustments to your company’s financial statements. Overview of AASB 16 Leases Applicable from 1 January 2019, companies will need to recognise operating leases, such as a lease for a building, land, machinery or IT equipment, on […]

Hybrid Mismatch - Integrity rule guidance

21/03/2019

The ATO will soon release guidance on application of the Australian Government’s new Hybrid Mismatch Integrity Rules that commenced on 1 January 2019. These new rules may impact common intra-group financing arrangements into Australia that comes via interposed entities. It is expected however, this new guidance may not fully resolve taxpayers’ concerns about applying these […]

State of the Market

20/03/2019

ShineWing Australia invites you to an exclusive briefing for investors. Experienced investment managers will provide you with the latest insights and opportunities regarding the current investment landscape. The State of the Market series will be run over the year and will host panels of investment managers to explain trends in the following specific asset classes: […]

Universities - Not-for-Profit revenue recognition

18/03/2019

Universities will need to apply the new standards for recognising revenue for the first time in the 2019 financial year. The new standards for recognising revenue for NFP entities are AASB 15 Revenue from Contracts with Customers and AASB 1058 Income for Not-For-Profits. These standards are now in the year of adoption and Universities will […]

Embrace the BEAR - Banking Executive Accountability Regime

13/03/2019

BEAR in mind about accountability and governance – it is due to commence on 1 July 2019 for medium and small Authorised Deposit-taking Institutions (ADIs). In February 2018, the Banking Executive Accountability Regime (BEAR) was enacted in Australia to establish clear accountability obligations for Authorised Deposit-taking Institutions (ADIs) and their directors and senior executives. It […]

Revised ASX Corporate Governance Principles and Recommendations

04/03/2019

ASX listed organisations need to review their current governance practices against the new edition and act to implement the relevant changes. New recommendations and wide-ranging changes have been introduced in the newly released ASX Corporate Governance Principles and Recommendations (4th Edition, February 2019) (the Principles and Recommendations). All entities listed on the ASX, whether they […]

Greater access to tax losses - similar business test passed

26/02/2019

Legislation broadens the scope of the ‘same business test’ to ‘similar business test’, aims to improve access to tax losses, particularly for entrepreneurs. The Treasury Laws Amendment (2017 Enterprise Incentives No.1) Bill 2017 has passed both Houses of Parliament and is awaiting Royal Assent. The Bill contains the “similar business test” that is intended to […]

Single Touch Payroll

14/02/2019

Are you ready for Single Touch Payroll? Penalties for non-compliance Single Touch Payroll (STP) is the new reporting framework under which employers will automatically and electronically provide payroll and superannuation information to the Australian Taxation Office at the time it is created (i.e. at the time the employee is paid). The reporting covers payments to […]

Gifted assets treated as assessable income

14/02/2019

The Federal Court of Australia handed down an income tax decision in favour of the Commissioner of Taxation on 7 February 2019. Victoria Power Networks Pty Ltd v Commissioner of Taxation [2019] FCA 77 Correct income treatment The dispute involved the correct income treatment for VPN of electricity connection work assets that were required to […]