News & Insights

Tax Rates & Tables 2022-23  We've created a quick reference guide for you containing the 2022-23 tax rates.  Covering both individual and company tax rates, tax offsets, superannuation, depreciation and fringe benefits tax.  This easy to print desktop guide is...

Winter of Discontent and Potential Recovery Options Following on from our recent article with respect to the building industry, there has been a series of collapses as a number of the challenges facing the industry have started to bite.Industry participants should...

In this issue of Corporate Advisor, we explain 13, financial-reporting, corporate-governance regulatory topics of crucial importance to CFOs and Directors. 30 June 2022 reporting is the focus. We detail ASIC-focus areas, the lessons from of its financial-reporting...

What you need to think about for the 30 June 2022 financial reporting period... Presented by Carmen Ridley, Member of GAAP Consulting Network (www.gaap.com.au) and Principal of Australian Financial Reporting Solutions.

In a report commission by the Fair Work Ombudsman in June 2012 titled “Phoenix Activity – Sizing the problem and matching solutions”, the following definition of phoenix activity was developed  in consultation with stakeholders: -“Phoenix activity is the deliberate...

The net income of a trust is the total assessable income of the trust less allowable deductions.  A beneficiary who is presently entitled to a share of the net income of the trust includes the income of the trust in their income tax return. Prior to year end, a...

With the end of financial year fast approaching, now is a good time to think about opportunities and risks that should be addressed before 30 June 2022.Year-end planning is critical to keep your business on track.  For most companies, however, it is the last thing on...

Employers and HR leaders are growing acutely aware of the importance of retention, engagement, and morale in their organisations post-pandemic. The uncertainty caused by COVID has prompted many people to reassess their job satisfaction, the benefits they’re offered,...

A recent New South Wales Supreme Court decision in Re Spitfire Corporation Limited (in liquidation) [2022] NSWSC 340 has provided clarity with respect to the characterisation of Research and Development ("R&D") refunds and how they are to be applied in the context...

Several key super changes which may impact your ability to contribute to your SMSF, are set to take effect from 1 July 2022. These changes create opportunities for all SMSF members, young and old, to grow their retirement savings.Recap Generally, superannuation...