Don’t underestimate the implications of AASB 16 leases

By Timothy Maclean and Rainer Ahrens 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...
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Positive full federal court ruling for Companies accessing the Australian R&D Tax Incentive Program

By Dr. Rita Choueiri on 11/10/19 - Mins to read: 3 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...
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Aussies in these 32 super funds could be $200,000 worse off by retirement

By Aaron Trombetta on 11/10/19 - Mins to read: 3 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...
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William Buck expands R&D grants and incentives services for South Australia businesses

By William Buck on 11/10/19 - Mins to read: 3 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...
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Superannuation update August 2019

By Sarah Parsons on 11/10/19 - Mins to read: 3 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...
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The 7 red flags of illegal phoenixing

By Sean Wengel on 11/10/19 - Mins to read: 3 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...
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