
30/06/2020
On 19 June 2020, the ATO issued two pieces of guidance on transfer pricing matters in the COVID-19 environment: 1. COVID-19 economic impacts on transfer pricing arrangements 2. Changing related party agreements How the ATO assess COVID-19 economic impacts on transfer pricing arrangements The ATO acknowledge that businesses will be negatively impacted by COVID-19 by […]
11/06/2020
Our team of experts discussed the major tax developments from this year and focused in on the practical tax matters that you need to consider in the lead up to the financial year-end. Taxation update: 4 June 2020 In this webinar recording Stephen O’Flynn, Matt Birrell and Helen Wicker covered the key tax developments from […]
10/06/2020
Our team of experts discussed the key compliance obligations under the Modern Slavery Act, the latest changes to reporting deadlines and what organisations need to do to be ready. In this webinar recording Rami Eltchelebi and Kerry McGoldrick along with Associate Professor Shelley Marshall, Director of Centre for Business and Human Rights at RMIT University, […]
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 […]
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 […]
20/05/2020
David Chu, Head of International Business, discusses the current state of the property market in Australia following reports of an expected fall of up to 32%. David Chu, Head of International Business, recently joined Thomas Sung (host) on the SBS Radio Cantonese Program to discuss the current state of the property market in Australia following reports […]
20/05/2020
Many lessees are seeking rent concessions, such as rent-free periods or rent reduction, from lessors due to the impact of COVID-19 on their businesses. These concessions usually meet the definition of a lease modification under AASB 16. The accounting required for lease modifications can be onerous, placing an additional reporting and administrative burden on lessees […]
08/05/2020
The Federal Government has announced measures to encourage both Private Ancillary Funds (PAFs) and Public Ancillary Funds (PuAF’s) to increase their minimum grants. Charitable giving is expected to decrease over the months ahead, at a time when demand for charitable services is increasing in response to COVID-19. On Wednesday, 6 May 2020 the Federal Government […]
01/05/2020
The Australian Government has extended reporting deadlines and the Australian Border Force (ABF) has released guidance on addressing the impact of COVID-19 in modern slavery statements. Reporting periods remain unchanged While the deadlines for submitting modern slavery statements have been extended for some entities, the extension only changes the deadline for the statement and does not alter […]