Small companies may become large as a result of additional assets recognised under the new lease standard

By William Buck on 11/01/19 - Mins to read: 2 minutes

All Australian business leases will be subject to new accounting rules from January 1 2019, which could have significant impact on an entities overall financial position. Cate Pozzi, Senior Manager Network Risk, at William Buck Chartered Accountants and Advisors, says under the new rules a small proprietary company meeting the...
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Mid-tier encourages ‘fence sitters’ to innovate

By Amy Kitson on 11/01/19 - Mins to read: 2 minutes

Commentary from Dr. Rita Choueiri, Principal of Research and Development Services and Jack Qi, Tax Director. R&D tax experts say tech companies shouldn’t be deterred by the ATO's clamp-down on software companies’ eligibility for the Research and Development Incentive. Dr. Rita Choueiri, Principal of Research and Development Incentives at William Buck, says...
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Festive fraudsters risk to businesses

By William Buck on 11/01/19 - Mins to read: 2 minutes

While the Christmas holiday break is traditionally considered a time to unwind and reflect on the past year, it can also be one of the highest risk periods for business fraud. It is often when key senior management or CEOs take holidays leaving their businesses exposed to risk and opening...
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From Family Farm to Global Tourism Experience

By William Buck on 11/01/19 - Mins to read: 2 minutes

When luxury South Australian tourism facility Kangaroo Beach Lodges launched its newest offering recently – a state-of-the-art onsite catering service showcasing local produce – it signaled another major step forward for the experience-focused business. While guests at the launch sipped on Champagne, sampled fine locally sourced produce and enjoyed the...
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Government fast-tracks generous tax measures for farmers

By William Buck on 11/01/19 - Mins to read: 2 minutes

The Federal Government has announced it will bring forward tax depreciation measures for primary producers announced in this year’s Federal Budget. The move opens the door for farmers and other primary production businesses to claim accelerated depreciation on fencing, water facilities and fodder storage in their 2015 tax returns, rather...
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Maximising Your Small Business Entity Status

By William Buck on 11/01/19 - Mins to read: 2 minutes

All reports indicate that the 2014/15 South Australian harvest has again produced excellent results, meaning it is likely to be another profitable year for farmers. While big incomes are great news, another strong year could see many operations approaching the $2 million turnover mark, putting them at risk of losing...
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