The health and well-being of all Nexia Edwards Marshall's great people and clients during the coronavirus (COVID-19) outbreak remains our top priority. Our offices in Adelaide and Darwin remain open with most staff working remotely. Below are some articles to assist our great clients in navigating this uncertain time. We are here to support you during this unprecedented time, please contact your Nexia Edwards Marshall Advisor to discuss.

Jun 25, 2020 / News

JobKeeper & Cash flow boost – ATO now scrutinising claims

Business owners have been through an intense period of COVID-19 survival mode – we’re still in it – but now we are beginning to emerge and look to the other side. Read more

Business Consulting / COVID-19

Jun 18, 2020 / News

Schools and Colleges Financial impacts of COVID-19

With evolving Government initiatives to assist businesses recover from any negative financial impacts of COVID-19, coupled with new financial risks, we have outlined below some key areas which may impact your School or College in 2020. Read more

COVID-19 / Education

May 29, 2020 / News

Extension of ASIC reporting deadlines for 30 June 2020

In response to business disruptions caused by COVID-19, the Australian Securities and Investments Commission (ASIC) has announced a one month extension of the reporting deadlines for companies to lodge their audited financial reports under Chapters 2M and 7 of the Corporations Act 2001. The extension applies to both listed and unlisted companies with a balance date up to and including 7 July 2020. Read more

Audit and Assurance / COVID-19 / Financial Reporting

May 20, 2020 / News

Payroll Tax Concessions in the Time of Coronavirus

Governments throughout Australia have employed unprecedented measures to mitigate both the health and economic shocks to the community from COVID-19. Read more

Business Consulting / COVID-19

May 18, 2020 / News

IASB revises treatment of COVID-19-related rent concessions

The Australian government’s mandatory Code of Conduct for Commercial Leases introduces a range of rent concessions for lessees, including rent reductions and rent deferrals. Read more

Audit and Assurance / COVID-19 / Financial Reporting

May 13, 2020 / News

COVID-19 Relief measures - Support for the Wine Industry

The wine industry has been significantly impacted by the Covid-19 pandemic. In light of this, the Australian and South Australian Governments have announced significant support to assist the industry through to better times. Read more

COVID-19 / Wine and Viticulture / Wine Industry

May 07, 2020 / News

Incentives are nice, but cash is better

The world of pain being experienced by business owners has not yet been revealed anywhere near it’s true extent. Read more

Business Consulting / COVID-19

May 07, 2020 / News

Financial Reporting Developments

The AASB has been very active during the past two months, issuing a number of new requirements. Nexia Australia Technical Director Martin Olde highlights some of the key changes as well as financial reporting considerations relating to COVID-19. Read more

Audit and Assurance / COVID-19 / Financial Reporting

May 07, 2020 / News

50% Reduction in Pension Drawdowns

The superannuation law requires a minimum amount to be paid from a pension account each year in order for the account to be treated as being in retirement phase, and entitle the fund to income tax exemption on income arising from assets represented by the account. Read more

COVID-19 / Superannuation

May 07, 2020 / News

Early Release of Superannuation

Eligible members of super funds (including SMSFs) are able to apply for two amounts of up to $10,000 each. Read more

COVID-19 / Superannuation

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