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Jan 10, 2019 / News
Relief from fair valuing ‘peppercorn leases’ confirmed
The AASB has confirmed that not-for-profit (“NFP”) entities will not be required to measure and recognise right-of-use assets at fair value for below-market (‘peppercorn leases’) leases when applying AASB 16 Leases. Read more
Dec 06, 2018 / News
How to minimise risk in a business
Risk is an adverse event that may hinder the performance of a business due to both internal and external factors. B Read more
Dec 05, 2018 / News
Top Tax Tips - 5 December 2018
We are pleased to bring you the our top tax tips highlighting the latest tax developments that have occurred. Read more
Dec 04, 2018 / News
Asset Protection for Sole Traders
Establishing the correct business structure when commencing operation is key. Very few small to medium businesses are operated as sole traders. However, many micro businesses continue to operate as sole traders or partnerships because of cost, simplicity and the absence of proper advice at their inception. Read more
Dec 03, 2018 / News
Changes affecting Directors and not-for-profit entities
The AASB has confirmed a major change to AASB 1058 and AASB 16 for below market leases from 1 January 2019. Read more
Dec 03, 2018 / News
Financial Awareness - Vital to the growth of small business
The better you understand your business, the easier it will be to make more money. Read more
Dec 03, 2018 / News
Beware of trusts ending when time runs out
A trust may end for a variety of legitimate business reasons. Alternatively, the trust may end by a court order, a resettlement or when the term of the trust expires. Read more
Dec 03, 2018 / News
WET - Buying Under Quote
In general, WET is payable on the final wholesale sale of wine. Buying under quote facilitates this intention. Read more
Nov 28, 2018 / News
Top Tax Tips - 28 Nov 2018
We are pleased to bring you the our top tax tips highlighting the latest tax developments that have occurred. Read more
Nov 27, 2018 / News
Temporary relief for not-for-profit lessees from fair valuing ‘peppercorn leases’
For reporting periods beginning on or after 1 January 2019, AASB 1058 Income of Not-for-Profit Entities and AASB 16 Leases currently requires not-for-profit (“NFP”) entities to measure and recognise right-of-use assets at fair value for all existing and new below-market (‘peppercorn leases’) leases. Read more
