Webinar 1 (18 March 2021): Removal of special purpose financial reporting

• Moving from Special Purpose to General Purpose Financial Statements
• Exempt entities
• Requirements of AASB 1060 i.e. New tier 2 General Purpose Financial Statements – Simplified Disclosures
• Applying AASB 1 First-time Adoption of Australian Accounting Standards

Webinar 2 (29 April 2021): Valuation of assets

• Identifying impairment indicators
• Fair valuing assets in accordance with accounting standards
• Estimating key inputs
• Accounting for impairment of assets

Webinar 3 (27 May 2021): Financial Reporting update for 30 June 2021

• Accounting standard changes
• Key focus areas for 30 June 2021 reporting
• ASIC update and focus areas
• Corporate governance update
• Other regulatory changes

Webinar 4 (11 November 2021): Financial Reporting update for 31 December 2021

• Accounting standard changes
• Key focus areas for 31 December 2021 reporting
• ASIC update and focus areas
• Corporate governance update
• Other regulatory changes
• Not-for-profit update
• Employee share schemes update

Series speakers

René Muller
Partner

Tom Mullarkey
Partner

Kerry McGoldrick
Partner

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If you have any queries or would like more information, please contact the Marketing team via marketing@sw-au.com.

The post Financial Reporting series 2021 appeared first on SW Accountants & Advisors.

Taxation update: 4 June 2020

In this webinar recording Stephen O’Flynn, Matt Birrell and Helen Wicker covered the key tax developments from over the last six months, and the likely impacts for businesses, including:

• Summary of major new provisions applying in the coming months (including a recap of the key COVID-19 measures)
• ATO draft and final guidance that may impact positions currently adopted
• A recap on significant tax cases decided during the year
• International Tax developments, including new guidance for companies with cross border related party dealings and updated ATO and OECD guidance for companies obtaining financing from overseas
• Expected ATO review and audit activity, including COVID-19 related schemes.

COVID-19 & Year-end planning: 11 June 2020

In this session we refocused attention from business survival to exploring the potential broader taxation implications for a business of the COVID-19 pandemic.

Matt Birrell, Helen Wicker and Abi Challepen analysed and discussed the tax issues arising from COVID-19, moving forward to year end and beyond, including:

• The impact of impairments, and strategies to mitigate thin capitalisation breaches
• Options available with respect to accrued income and bad debts, where recoverability is questionable
• Strategies to deal with stock obsolescence
• Domestic transfer pricing considerations including intercompany recharge arrangements
• The appropriateness of pricing methodologies and the impact of international transfer pricing arrangements
• Reviewing residence of entities, particularly where directors have not been able to travel to attend board meetings
• Opportunities for businesses including enhancing Fuel Tax claims, automation and process efficiencies.

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The post Webinars: Australian Tax updates appeared first on SW Accountants & Advisors.