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2021-22 Federal Budget Update

2021-22 Federal Budget Update

A stronger than expected economic recovery from the COVID-19 recession has resulted in a budget deficit of $161 billion, $52.7 billion lower than the government’s expected deficit. With the virus still a threat to the global and domestic economy, the Budget contains various measures to support businesses and individuals with job creation, incentives, tax relief and superannuation changes.

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Forensic Accountants Here Say: April 2021

Forensic Accountants Here Say: April 2021

Bushfires, COVID-19 lockdowns and recent floods have focussed attention on Business Interruption insurance for both insureds and insurers alike.  Even though 14 years have passed, there are some salutary lessons to be learned by insureds and insurers from the decision of the NSW Supreme Court in Brescia v QBE.

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Tax Time Monthly: April 2021

Tax Time Monthly: April 2021

In this edition of Tax Time Monthly we cover updates and findings from ATO on: Fringe Benefits Tax; Tax treatment of government grants and payments during COVID-19; No more JobKeeper but are you eligible for JobMaker; Do you need to review your service trust arrangements in the light of PCG 2021/D2… and much more

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Insolvency Sound Bites: March 2021

Insolvency Sound Bites: March 2021

JobKeeper – Key Date: 28 March 2021.
The JobKeeper subsidy will end on 28 March 2021 and you can claim payments for your eligible employees until this date.
It will be necessary to consider the necessary adjustments in your business to reflect the withdrawal of this subsidy.

Commercial Leasing Code of Conduct……

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AMS Holdings (WA) Pty Ltd (Receivers Appointed) (In Liquidation)

AMS Holdings (WA) Pty Ltd (Receivers Appointed) (In Liquidation)

The former Administrators of AMS Holdings (WA) Pty Ltd (Receivers Appointed) (In Liquidation) intend to file an application with the Federal Court of Australia for a determination of their remuneration and disbursements by the Court pursuant to Insolvency Practice Schedule (Corporations) s 60-10(1)(c).

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Forensic Accountants Here Say: March 2021

Forensic Accountants Here Say: March 2021

In this issue:
Family law – business valuation checklist;
Insurance – business interruption & COVID-19;
Commercial litigation – ceasing a director, statutory demands and personal bankruptcy;
Other news – recent trends, presentations and other thought leadership.

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Preparing a defendable loss claim

Preparing a defendable loss claim

Yes, your legal entitlements for recovery of loss may be blurred but what is always clear in any claim of business loss, preparation remains absolutely critical. The sooner preparation commences, the better. Whether or not your business interruption claim will be covered under your policy will depend on the precise terms of your insurance cover and the circumstances and nature of the loss, which you claim.

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Doing Business In Australia

Doing Business In Australia

Doing Business In Australia Global thinking.  Local understanding.  Personal connections.  Our experience is that businesses are investing in Australia for our consistent and strong economic growth, the stability of the banking system and independence of the...

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