News & Insights

What you need to think about for the 30 June 2020 financial reporting period…. Presented by Carmen Ridley, Associate, GAAP Consulting (www.gaap.com.au) and a current member of the Australian Accounting Standards Board.

In this edition of Hall Chadwick’s Tax Time Monthly we cover updates and findings from ATO on; income tax, superannuation and state tax.

Many CEOs and business owners rely on in-house bookkeeping and accounting to receive their financial statements each month because it’s what they’re used to. However, with technology advancements in recent years, traditional is not always best when it comes to...

The NSW Government has introduced measures to provide relief to commercial and residential landowners, who provide a reduction in rent to a tenant who is experiencing financial distress as a result of COVID-19. The 2020 land tax COVID-19 relief is intended to reduce a landowner’s land tax payable for 2020, by up to 25%, for a taxable parcel of land where rent relief has been given to the tenant who occupies that land.

Given the uncertainties associated with the economic implications of the coronavirus outbreak, the mechanism of a “holding” deed of company arrangement “(DOCA)” may be an appropriate vehicle for certain companies which are insolvent or likely to become insolvent and have entered voluntary administration.