Is your Financial Reporting up to standard?

By William Buck on 11/07/19 - Mins to read: 3 minutes

The William Buck Financial Reporting series has wrapped up for the year, providing finance professionals with the latest insights to help their business. Covering various topics including changes in accounting standards, ATO’s tax insights and the latest trends in merger and acquisitions. Attendees heard first hand from William Buck’s industry...
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R&D tax incentive – what software companies must do from here

By William Buck on 11/07/19 - Mins to read: 3 minutes

How to meet the rules and minimise risk Since late 2018, one of the biggest talking points in the Australian startup community has been the perceived ‘crackdown’ on software R&D tax incentive claims. Seemingly overnight, the key government incentive for encouraging technical advancements has become a question mark for...
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Seasonal holiday homes on ATO radar this tax season

By Amy Kitson on 11/07/19 - Mins to read: 3 minutes

Commentary from Craig Barry, Director of Tax Services at William Buck Accountants and Advisors Increased sophistication of data-matching means holiday houses rented on common share economy sites such as Stayz and Airbnb, that don’t derive income, will be on the ATO’s radar this tax season. The ATO are interested in...
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Investment property deduction mistakes at tax time

By Amy Kitson on 11/07/19 - Mins to read: 3 minutes

The ATO are cracking down on investment property deductions this tax season. Here’s two classic mistakes and how to avoid them. The ATO reported last week that 90 percent of property tax claims had an error. With $47 billion being claimed in rental deductions in 2017-18 year, the ATO are...
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100-day action plan: a superannuation perspective

By Amy Kitson on 11/07/19 - Mins to read: 3 minutes

In continuing our election coverage, superannuation expert Tricia Kleinig discusses the top five superannuation changes that should be in Scott Morrisons first 100-day action plan. 1. Re-introduce lapsed Superannuation Bills Since last year, many Bills have lapsed. Contributing factors include; having a minority Government, being stalled in the senate and...
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Business as usual or R&D?

By Dr Rita Choueiri on 11/07/19 - Mins to read: 3 minutes

Helping innovative entities realise their worth The client Australian designers and manufacturers of AV, education, data, electrical and sheet metal products for over 50 years. The challenge Assess the company’s business processes and projects to assess eligibility for R&D Tax Incentive. William Buck’s solutions Identification of eligible R&D projects; Streamlining...
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