How manufacturers are pivoting in the ‘new normal’

By John Spender on 22/05/20 - Mins to read: 2 minutes

While most businesses are focused on how they can keep the lights on, a few sectors such as manufacturing and biotech are quickly emerging at the forefront of the COVID-19 crisis. While the pandemic has exposed vulnerabilities in many operating models and supply chains, some businesses are quickly adapting to... Read More >

Not-for-Profit Boards – It’s time to rethink your model!

By Andrew Bradley on 14/05/20 - Mins to read: 4 minutes

Thought leadership The best performing Boards and Investment Committees (ICs) recognise their primary role is one of governance, not operations and certainly not investing. Fundraising and investment are two big issues NFP Boards and IC’s are struggling with right now. Issues for Fundraisers With fundraising, the basic issue is to... Read More >

Victorian passes COVID-19 land tax relief and commercial tenancy obligations

By Neil Brennan on 12/05/20 - Mins to read: 3 minutes

On 1 May 2020, the Victorian Government passed the COVID-19 Omnibus (Emergency Measures) (Commercial Leases and Licences) Regulations 2020 (Regulations). The Objective of the Regulations is for landlords and tenants work cooperatively and act reasonably and in good faith to implement measures to apply to tenants and landlords under eligible... Read More >

Venture Capital in the wake of COVID-19

By Misha Ahuja on 11/05/20 - Mins to read: 4 minutes

As Australia begins to re-open in the wake of COVID-19, there’s much speculation about the economic impact of the pandemic. With $33 billion of assets under management[i], venture capital (VC) and private equity are key contributors to our national economy but what does a post-pandemic world look like through the... Read More >

Early access to superannuation: what are the risks?

By Alessandra Forero on 11/05/20 - Mins to read: 3 minutes

We are experiencing challenging times and extreme levels of uncertainty at present and while Canberra’s early release of superannuation initiative will benefit many, here we explain why it’s important to exhaust other options first. Early Release of Superannuation Scheme In March, as an economic response to the coronavirus, Canberra announced... Read More >

Agricultural sector a source of confidence for South Australia in tough times

By William Buck on 05/05/20 - Mins to read: 2 minutes

For almost 75 years, advisory and accounting firm William Buck has been working with primary producers and agribusiness operators right across South Australia. While the COVID-19 pandemic brings with it a range of very real challenges for farmers and regional communities, William Buck’s Head of Agribusiness Ben Trengove said SA... Read More >

NFP Financial reporting insights

By William Buck on 04/05/20 - Mins to read: 3 minutes

New SPFS disclosures take effect   Under AASB 2019-4 Amendments to Australian Accounting Standards – Disclosure in Special Purpose Financial Statements of Not-for-Profit Private Sector Entities on Compliance with Recognition and Measurement Requirements, new disclosure requirements take effect for financial years ending on or after 30 June.    You will need to... Read More >

NFP ACNC Activities

By William Buck on 01/05/20 - Mins to read: 4 minutes

Annual information statement extensions  The ACNC commissioner has granted a blanket extension to charities with a 2019 annual information statement (AIS) due between 12 March and 30 August.    They will now need to submit their AIS's by 31 August.  The extension will be monitored as the COVID-19 crisis progresses.... Read More >

Not for profit Governance

By William Buck on 01/05/20 - Mins to read: 2 minutes

NFP board remuneration  Chartered Accountants Australia and New Zealand has released Remunerating Not-for-profit Directors, which covers key factors NFPs should consider in determining whether those charged with governance should be paid.  The paper includes a checklist highlighting aspects to be considered when contemplating the move.  Among factors are an entity’s... Read More >

NFP COVID-19

By William Buck on 01/05/20 - Mins to read: 5 minutes

Institute of Internal Auditors helpful tools The Institute of Internal Auditors helpful tools: Procurement Integrity (Probity) whitepaper – published 2nd April 2020 This whitepaper discusses the importance for organisations to have a formal approach to transparency and accountability in the procurement process, and to outline how this can be achieved.... Read More >

Medical Industry COVID-19 FAQs

By William Buck on 30/04/20 - Mins to read: 12 minutes

Each William Buck office has a dedicated team specialising in the health industry. Working with over 1,600 clients across Australia, our advisors help practitioners and health care corporates achieve their business and personal goals. Below, our health industry experts have collated some frequently asked questions that concern the medical industry... Read More >

JobKeeper Program – Startup-specific issues and FAQ

By Jack Qi and Alex Zinzopoulos on 29/04/20 - Mins to read: 4 minutes

The JobKeeper program is the cornerstone of the Government’s COVID-19 economic response measures, with an estimated cost of approximately $130 billion. The measures have been enacted very swiftly so the rules and requirements are being updated “on-the-go”. Many startups are scratching their heads wondering if they actually qualify for the... Read More >

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