Corporate Advisor | Summer 2018

In the 2018 Summer issue of Corporate Advisor, we explain 14 financial-reporting, regulatory, and corporate-governance topics to inform and help CFOs and directors.

We’re focusing mainly on regulatory issues that affect the preparation of 31 December reports – ASIC targets and its latest surveillance results.

There are no significant new accounting standards that require application. However, 1 January marks the application of AASB 15 Revenue from Contracts with Customers for for-profit entities and AASB 9 Financial Instruments and related AASB 7 Financial Instruments amendments. Next January sees AASB 15 and AASB 1058 Income of Not-for-Profit Entities and AASB Leases become operative. Preparers should not under-estimate the complexity of these standards and the challenges they confront us with. There is also help for preparers to better understand the nebulous concept of materiality through practice statement 2 Making Materiality Judgements.

We are looking at the penalties for those that have breached accounting standards.

Our guest contributors from GAAP Consulting include Andrew Parker, takes a look at whistleblower developments, and Carmen Ridley, who explains the principles of AASB interpretation.

Find out more here: Corporate Advisor Summer Edition 2018

Tax Time Monthly: December Edition 2017

In this December edition of Hall Chadwick’s Tax Time Monthly we look at:

  • Law to limit on deductions for travel and depreciation on residential properties
  • Employers with 20 or more employees to report salaries & wages to ATO via Single Touch Payroll from 1 July 2018
  • Legislation for purchasers to withhold and remit GST on new residential property
  • Extension to global entities on country-by-country reporting

  • How well protected is your business?

    Contributed by Ian Gibson of Hall Chadwick Wealth Advisory Pty Ltd (AFSL 495306)

    Business Insurance is often overlooked by business owners due to a lack of understanding of what is available. If you’re like many business owners you have already insured the physical assets of your business from theft, fire and damage. BUT, have you considered the importance of insuring yourself – and other key people in your business – against the possibility of:
  • Death
  • Disability and illness

  • Not being adequately insured can be a very risky oversight, as the long term absence or loss of a key person can have a dramatic impact on your business and your financial interests in it.

    Read more here: How well protected is your business.pdf

    Hall Chadwick Association Newsletter: Summer 2017

    We are pleased to welcome everyone to the Summer issue of the Hall Chadwick Association Newsletter.

    Brendan Vaughan, outgoing Chairman of the Hall Chadwick Association, writes in his foreword about finding the balance between work goals and life goals when directing an accounting practice, managing staff and the expectations of clients.