Don’t underestimate the implications of AASB 16 leases

By timothymaclean on 11/10/19 - Mins to read: 3 minutes

Since the new leases standard – AASB 16 – came into effect earlier this year, it’s presented several operational challenges with entities now needing to recognise all assets and liabilities arising for all leases, with limited exceptions. These exceptions include short-term leases and leases of low value assets. Expectations Short-term... Read More >

Pricing of International related party product distribution arrangements

By Jonathon Larosa on 08/10/19 - Mins to read: 2 minutes

If you’re an Australian distributor for a related foreign manufacturer then now’s the time to consider and apply the ATO’s Guide and Risk model to your product pricing arrangements. Applying from 13 March 2019, the ATO Guide sets out circumstances under which they consider the pricing of your distribution arrangements... Read More >

5 tips to maximise SaaS customer renewal rate

By Timothy Maclean and Troy Janissen on 03/10/19 - Mins to read: 4 minutes

How well do you know your customer renewal rate? Also referenced as the ‘Customer Retention Rate’, this is one of the best indicators to understanding how much your business is valued by customers. A renewal or retention rate measures the percentage of customers who will extend their relationship with your... Read More >

New manufacturing grant open for SMEs

By Dr. Rita Choueiri on 19/09/19 - Mins to read: 3 minutes

Are you a small or medium manufacturing company looking to invest in capital equipment and new technologies that will allow you to develop new products or diversify into new markets? If so, you’re in luck – the Federal Government has just opened the doors to a new manufacturing grant for... Read More >

Positive full federal court ruling for Companies accessing the Australian R&D Tax Incentive Program

By Dr. Rita Choueiri on 18/09/19 - Mins to read: 2 minutes

Companies accessing the Australian Research and Development (R&D) Tax Incentive program can now do so with more confidence after a significant Federal Court ruling rejected The Administrative Appeals tribunals (AAT) somewhat narrow interpretation of what constitutes a ‘core R&D activity’ under R&D tax law. Based on our previous experience with... Read More >

What should the regulators role be when it comes to super funds?

By Scott Girdlestone on 17/09/19 - Mins to read: 4 minutes

Since the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, there’s been a lot of discussion surrounding the performance of superannuation funds and more specifically its regulation. Some debate regarding the regulators role has centred around the performance of funds and whether APRA, in particular, should... Read More >

Are you ready to list?

By William Buck on 17/09/19 - Mins to read: 4 minutes

By Lisa Schutz, Founder, Verifier. This article first appeared in Smart Company ‘Five critical questions: Are you listing your startup too soon?’ Firstly, who am I to write this article? I am the founder and chief executive officer of a private company, Verifier, that is now in scale-up mode, but... Read More >

Aussies in these 32 super funds could be $200,000 worse off by retirement

By Aaron Trombetta on 10/09/19 - Mins to read: 2 minutes

A common question asked when it comes to superannuation funds is: What performance can you achieve? Before you begin exploring the infinite world of investment vehicles to match your desired risk/return profile, you may want to give yourself a free kick by making sure you are not paying too much... Read More >

Important Queensland Land Tax Update

By William Buck on 09/09/19 - Mins to read: 3 minutes

When considering tax and property investing, many people will tend to consider negative gearing and capital gains tax. These are major tax considerations. However, you should also be considering land tax, which is a tax levied by each state. In Queensland, land tax applies when as a company or trust... Read More >

William Buck expands R&D grants and incentives services for South Australia businesses

By William Buck on 09/09/19 - Mins to read: 2 minutes

Accounting and Business Advisory firm William Buck is bolstering its support of local SMEs undertaking Research & Development (R&D). William Buck’s Adelaide-based R&D Grants and Incentives team has been expanded to assist local businesses investing in new products and services to identify and source potential funding support. “We see our... Read More >

Superannuation update August 2019

By Sarah Parsons on 19/08/19 - Mins to read: 2 minutes

With the federal election well and truly passed and parliamentary sittings back on, you’re probably wondering on the status of the superannuation changes that were proposed in the Federal Budget more than a year ago, which appeared to disappear from sight. While many of these Bills lapsed as a result... Read More >

The 7 red flags of illegal phoenixing

By Sean Wengel on 16/08/19 - Mins to read: 4 minutes

Illegal phoenix activity involves the process of deliberately liquidating a company to defeat creditors. A company’s assets are stripped and then transferred with minimal consideration, to a new entity for the purpose of carrying on a new business. Illegal phoenix trading carves a trail of destruction through entire industries, costing... Read More >

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