Invest Today, Lead Tomorrow

Date: Tuesday 31 October – Thursday 2 November 

Location: International Convention Centre (ICC) Sydney, 14 Darling Dr, Sydney NSW 2000 

Time: 8.30am – 5pm daily  

SW is proud to be part of the conversation at IMARC for the sixth time, taking the lead on sustainable and equitable futures by sponsoring the Investment Theatre.

Join us as we hear from industry experts on all things Mining and Investments, including company updates and announcements from over 100 Junior Mining Corporates. 

Rick Hemphill, John Dorazio and Blayney Morgan will be introducing critical minerals and mining companies to the stage in the SW Investment Theatre. In addition, the team will facilitate several panel discussions and interviews as outlined below. 

Panel discussions

Investing experience in the Energy and Resource sector in Australia

4.10pm Tues 31 October | Mines & Money Investment Theatre sponsored by SW

Interviewer:

Bessie Zhang, Partner, Assurance & Advisory, SW Accountants & Advisors

Interviewees:

Louis Chien, Director, ASF Group

Capital raising and attracting investment for junior exploration

1.45pm Thurs 2 November | Mines & Money Investment Theatre sponsored by SW

Interviewer:

Blayney Morgan, Partner, Assurance & Advisory, SW Accountants & Advisors

Panellists:

John Forwood, Director, Lowell Resources Funds Management 

Lucy McClean, Director, New South Wales, Victoria & Tasmania, AMEC  

Campbell Olsen, Founder and Chief Executive Officer, Arete Capital Partners 

Sarah Dulhunty, Capital Markets and Corporate Adviser, MinterEllison. 

Connect with the SW Accountants & Advisors team on the IMARC Connect app or in person next week to see how we can #opendoors for your business.

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SW is proud to be part of the conversation at IMARC for the fifth time, taking the lead on sustainable and equitable futures by sponsoring the Investment Theatre.

With a global focus on the energy transition, key themes at the conference will look at how mining and resources are accelerating the energy transition, the different decarbonisation solutions and strategies available to market, the role of renewables and hydrogen, and the ever growing investment and support for critical and future facing minerals.

Rick Hemphill, John Dorazio and Blayney Morgan will be introducing critical minerals and mining companies to the stage in the Mines & Money Investment Theatre, and the team will facilitate several panels as detailed below.

Panel discussions

Global and Domestic Trends Impacting the Mining Investor and Finance Market

11.55am Wed 2 November | Mines & Money Investment Theatre

Interviewer: Bessie Zhang, Partner, Assurance & Advisory, SW Accountants & Advisors

Interviewees: Owen Hegarty, Executive Chairman, EMR Capital

Jacqueline Murray, Partner, Investment Team Leader, Resource Capital Funds

David Sun, Managing Director, Sinosteel Australia

Top ESG Considerations when Investing and Financing Mining Projects

2.55pm Wed 2 November | Mines & Money Investment Theatre

Interviewer: Matthew Schofield, Director, Head of Corporate Finance, SW Accountants & Advisors

Interviewees: Scot Sobey, Investment Director, Pacific Road Capital

Jamie Strauss, Chief Executive Officer, Digbee

Andrew Irvine, Legal and Corporate Engagement Director, EITI

Predicting Trends in Project Financing and Investing within Mining and Resources

12.05pm Fri 4 November | Mines & Money Investment Theatre

Interviewer: Blayney Morgan, Partner, Assurance & Advisory, SW Accountants & Advisors

Interviewees: Loic Mackosso, Founder and Managing Partner, ARIES Investissements

James Morrison, Managing Director, Regal Resources Royalties Fund

Christofer Catania, Chief Executive Officer, MEC Mining

Connect with the SW Accountants & Advisors team on the IMARC Connect app or in person next week to see how we can #opendoors for your business.

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He assists clients with property investment and migration issues across international markets including Hong Kong, China and Macau and provides audit, accounting and advisory services for public and private companies in a range of industries, particularly the property, resources, manufacturing and financial services sectors.

Fluent in English, Mandarin and Cantonese, Michael bridges the communications gap between different business practices and cultural distinctions, and is an outstanding facilitator for listed and unlisted companies as well as UHNIs and family offices.

Michael has been a prolific public speaker through the national SW Mandarin Tax & Accounting Update series and our Federal Budget coverage in Mandarin. He regularly presents to Victorian Government guests on ‘Doing Business in Australia’, has participated in The Observership Program, and taken up leadership roles for a number of social groups such as The Museum of Chinese Australian History (current Director and finance committee member), and the Chinese CPA Discussion Group (former Chair).

Michael is a Partner of SW Audit and a Director of SW Accountants & Advisors Pty Ltd.

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A well-rounded Chartered Accountant and tax advisor, Rick thinks outside of the box and regularly collaborates with SW experts across the firm to deliver outstanding outcomes for our clients. He has deep experience in outsourced services, including outsourced CFO, and is the firm lead on software adoption, implementation and data analytics.

Rick Hemphill combines his passion for accuracy, creating efficiencies and true value for clients by tailoring cloud-based solutions via advanced management reporting systems. He works closely with his clients to ensure financial software solutions are bespoke to how the company operates and what each client needs from its reporting to provide efficient, adaptable and accurate real-time financial overview.

As a Certified Xero Advisor, WorkflowMax Advisor, Futrli Advisor and Power BI Advisor, Rick remains abreast of all the latest developments and capabilities of financial technology.

Outside of his passion area, Rick supports his clients by managing accounting, tax and compliance risks, and improving clients’ personal asset protection with family tax planning and tax efficiency measures.

Rick is a Partner of SW Audit and a Director of SW Accountants & Advisors Pty Ltd.

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Revenue measures announced as part of the 2022–23 Queensland Budget, include:

• a mental health levy on payroll taxes above $10m
• extension of payroll tax deduction for small and medium Queensland businesses with the deduction being extended from the current ceiling of $6.5m in annual Australian taxable wages up to $10.4m
• 50% payroll tax rebate for apprentices and trainees will be extended for a further 12 months to 30 June 2023, and
• foreign acquisition duty relief for foreign buyers who are retirement visa holders when purchasing their principal place of residence on or after 1 January 2023.

Mental health levy

A mental health levy will be introduced which will apply to payroll tax liabilities arising on or after 1 January 2023. This will be applied to large employers, or groups of employers, with annual Australian taxable wages over $10m, including an additional levy applied to taxable wages over $100m, providing funding for mental health services.

The mental health levy will be applied as follows:

• a 0.25% levy on the annual Australian taxable wages of employers, or groups of employers above $10m
• an additional 0.5% levy on the annual Australian taxable wages of employers, or groups of employers, above $100m.

The levy will only apply to the portion of the wages above the respective taxable wage amounts (i.e. on a marginal basis).

Payroll tax relief for small to medium employers

Payroll tax relief will be provided for small and medium businesses, by increasing the payroll tax deductions available to employers, or groups of employers, with annual Australian taxable wages of between $1.3m and $10.4m. These changes are proposed to apply to payroll tax liabilities arising on or after 1 January 2023.

Racing levy

A 5% racing levy will be applied to the betting tax rate and bonus or free bets will be incorporated into the calculation of betting tax for liabilities arising on or after 1 December 2022.

Progressive coal royalty rates

3 additional progressive coal royalty rates will apply. The new tiers will apply on that part of the average price per tonne of the coal sold, disposed of or used on or after 1 July 2022 as follows:

• 20% for prices exceeding $175 AUD,
• 30% for prices exceeding $225 AUD, and
• 40% for prices exceeding $300 AUD.

How can SW help?

Please reach out to one of our experts below for assistance navigating the implications and opportunities this Budget presents for you, your business and your industry.

Contacts

Jeremy Wicht

Vincent Shi

The post QLD State Budget Overview 2022/23 appeared first on SW Accountants & Advisors.

With a May election fast approaching, there was a lot of anticipation that this Federal Budget would provide much needed support for households in managing the cost of living. While borders have opened, many business in several key sectors are still feeling the impact of the Covid-19 pandemic and were also looking for some key measures to help get them back on their feet.

On the 29 March 2022, the Treasurer announced the Goverment’s plan for long-term economic growth in Australia, through job creation and focusing on investment in essential services and defence. The SW team has navigated the papers to find key measures for industry and sectors.

Take a look at our Fast Facts below or watch the full recording of the Budget Breakfast.

Did you miss out on our Federal Budget webinar?

Check out Catherine Birch, ANZ Senior Economist and our panel of experts as they shared their insights and key takeaways from the Budget.

Mandarin Overview – Federal Budget 2022/23

Watch our Mandarin team summarise the key announcements from this year’s Budget. SW’s team of Asian business experts deliver their insight into the challenges and practical opportunities.

Featuring our experienced and knowledgeable team: David Chu, Bessie Zhang, Vincent Shi, Toby Graham, Michael Chen and Michael Qin.

What does the Federal Budget mean for you?

Our Fast Facts provide an overview of the budget insights and potential opportunities from our team of experts. Tailored to your industry or business type, SW also reviews if the Federal Budget support measured up to expectations.

Take a look at what the Federal Budget means for you in 2022:

Agribusiness

Tourism, hospitality & gaming

Education

Individuals & SMEs

Energy & Resources

Property & infrastructure

The post Federal Budget Overview 2022/23 appeared first on SW Accountants & Advisors.

Daren leads the development and implementation of SW’s proprietary CTS Pillar Two software solution, designed to help multinational groups navigate the complexities of OECD Pillar Two compliance. His team combines deep expertise in tax effect accounting with advanced analytics to automate GloBE calculations, streamline workflows, and enhance the integrity of tax provisioning processes. Daren regularly advises clients on Pillar Two strategy, including the preparation of GloBE Information Returns, transitional safe harbour calculations, and tailored implementation plans.

He leads the International Tax team and advises multinational groups on international structuring, profit repatriation strategies, sale and acquisition structuring, tax consolidation, application of the accruals taxation regime (e.g. CFC, FIF, foreign hybrid, and trust taxation) and other taxation issues.

Daren has a proven track record of delivering innovative tax solutions for his clients. He works collaboratively with them to break down complex tax legislation into simple, easy-to-understand compliance requirements and create tailored solutions that suit the needs of the organisation.

Daren’s experience includes:

• Assisting clients with their annual compliance requirements
• Advising on global transfer pricing strategy and policy
• Delivering international tax and structuring solutions
• Assisting clients with profit repatriation strategies
• Developing tax structures and solutions for M&A transactions
• Advising clients on tax consolidation

Daren is a Partner of SW Audit and a Director of SW Accountants & Advisors Pty Ltd.

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Prior to joining SW, Bessie was appointed the Chief Financial Officer for an ASX listed mining company which equipped her with extensive corporate governance and risk management experience.

Bessie has a wealth of professional experience and an extensive background in accounting, audit and management.

Bessie’s experience includes:

• Understanding both Australian accounting standards (AIFRs) and PRC GAAPs. Bessie has been qualified for Australia and China’s CPA for more than 10 years and 16 years respectively. She is familiar with PRC GAAPs and international financial reporting standards (IFRS)
• Knowledge in managing international companies. Bessie has led auditing and advisory engagements involving national and international companies.
• Understanding the financial impact and risk management perspectives of sales and purchase agreements
• Liaising with ASIC and responding to ASIC’s financial reporting surveillance inspection requirements

Bessie is a Partner of SW Audit and a Director of SW Accountants & Advisors Pty Ltd.

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As businesses adapt to changes in global commodities markets, technological transformation and the stablishment of alternative energy sources, companies are seeking out advisors with solid industry experience who can provide cutting-edge business advice and solutions to meet their ever-changing needs. 

International demand for coal, iron ore and natural gas, coupled with major renewables and hydrogen operators across the country ensures Australia is well placed to maintain its coveted global position. However investor pressure and international reporting requirements on ESG and sustainability has and will continue to expand, putting pressure on mining and energy companies to adjust infrastructure and reporting capabilities.

Working closely with clients and investors across a broad range of energy and resources sectors, the SW team is highly experienced and regarded across the sector, providing integrated accounting, audit, advisory and tax services for both domestic and international companies.

Our team has deep experience and connections across the industry, remaining at the forefront of changes and consistently work to provide you with value-add opportunities to improve efficiencies, financial visibility, attract project finance and much more. 

Industry Associations & Sponsorships

SW Energy & Resources services

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During this time, I’ve specialised in migration and software adoption, guiding and assisting dozens of clients on the latest and most reliable software stack for their specific needs. We are assisting with the internal processes to see you operating in a totally paperless office, achieving maximum efficiency and automation, and having real time visibility and data that many talk of, but rarely have.

The majority of junior explorers we speak with look for software with a solid market reputation that’s easy to use and familiar to most bookkeepers and accountants. We often see MYOB or Reckon as the likely preferred platforms followed by Pronto for those that have really reached production phases. More recently the likes of Xero and QuickBooks Online have become more prevalent themselves.

Reporting processes

Companies in the junior explorer or small cap mining space need to be aware of additional reporting requirements including to the Department of Mines, preparation of quarterly Cash Flow Statements, consolidation of subsidiaries and dealing with Joint Venture arrangements. These all require the assistance of our favourite tool in Excel, and an adept financial operator to pull together.

This process requires manual effort and processing at every turn as well as regular duplication. Most of these platforms do not give you the layers of reporting to breakdown your data as required on demand.

In this space, we very regularly see shortfalls in operational efficiencies and are charging ourselves with the responsibility to bring this to life for junior exploration companies.

The Solution

Get your processes in the Cloud. We would recommend migrating to Xero and utilising it’s open API and multitude of direct partner integrations to fulfil the various requirements.

We have identified the ideal software stack on page three of the download below and the processes to automate and streamline the entire end-to-end financial, accounting and taxation processes of your business.

We cover all critical items including:

• Mobile app processing of timesheets for geologists and contractors, giving you real time project/tenement based costings
• Streamlined and automated processing of all accounts payable, expense claims and credit card expenditure, including real time tenement allocations
• Paperless, expense and payroll approvals, based on projects, tenements – any approval you want
• Build in fixed asset register for automated monthly depreciation
• Automated and templated Cash Flow Statements for your Appendix 5B, costings for the Department of Mines, Annual Tenement Expenditure reports, etc.
• Online BAS lodgement within the accounting software
• Direct link of mapped Chart of Accounts to Income Tax software that provides tax deferred journal entries and tax return preparation
• Live dashboards in Power BI to be customised and married with your geological data
• Rolling 3 way financial forecasts and budget monitoring
• Consolidated financial reporting for Joint Venture arrangements and subsidiaries – in any currency

The Cost

The software subscription costs detailed in the download below would typically equate to $150 to $300 per month. A no-brainer isn’t it?

* We also capture the notoriously difficult aspect of statutory reporting through cloud-based software for interim and annual reporting and streamline this process. Please reach out if you would like to explore this to facilitate an easier statutory reporting framework.

Contact us

Get in touch via our experts below to discuss how we can help streamline your business.

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