Jul 16, 2020 / News

Lower company tax rate, higher risk of double-taxation

It was a simpler time. Your business made a profit, paid 30% company tax. You then extracted the remaining 70% as a dividend when it suited, and you paid the balance of tax up to your personal rate. But now, things aren’t so simple. And, surprise-surprise, it could cost you more tax. Read more

Business Consulting / Taxation

Jul 14, 2020 / News

Companies shouldn’t be tempted to disclose EBITDAC(ovid)

The COVID-19 pandemic has had a significant effect on many businesses and some have been wondering whether they can highlight the impact of COVID-19 and report Earnings Before Interest Tax Depreciation Amortisation and COVID-19, or EBITDAC? Read more

Audit and Assurance / Business Consulting / COVID-19

Jul 07, 2020 / News

Accounting for government COVID-19 support packages

Many companies have accessed JobKeeper and other government support packages which has raised questions regarding their accounting treatment. Read more

COVID-19

Jun 30, 2020 / News

Payroll End of Financial Year 2020 Update

Watch our update on how to prepare for End of Financial Year payroll. Read more

Business Consulting

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 22, 2020 / News

Fringe Benefits Tax (FBT) Management Issues

As the end of the FBT season draws to a close it is timely to reflect upon common FBT management issues faced by clients and errors we’ve seen in FBT returns prepared by others. Read more

Business Consulting / Education / Taxation

Jun 18, 2020 / News

ASX provides lodgement extensions for 30 June 2020 and clarity on NTA calculations

Extension to lodge audited and reviewed financial statements Read more

Audit and Assurance / Business Consulting / Taxation

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

Jun 17, 2020 / News

The Impact of COVID-19 on Valuations

COVID-19 makes valuing businesses more challenging. As companies approach the current financial reporting period, those entities that are carrying intangible assets from acquisitions and/or recognise investments at fair value face the difficulty of valuing investments in these unusual circumstances. We discuss below some of the issues to consider when preparing a valuation in the current environment. Read more

Jun 17, 2020 / News

Webinar recording | Are you ready for tax time?

The end of financial year is fast approaching with a lot of uncertainty in the market due to COVID-19. It is a great opportunity to review your individual and business affairs. Read more

Business Consulting / Taxation