Lien over deed fund outlasts order for liquidation
From insolvencynewsonline.com.au: Project Sea Dragon Pty Ltd’s Deed of Company Arrangement (DoCA) termination didn’t affect the lien and right of indemnity of the administrators, … read more
Do you know about all these Victorian taxes?
From www.dbalawyers.com.au: The Victorian government has introduced several new or increased taxes, including the Commercial and Industrial Property Tax (CIPT) starting from 1 July … read more
PwC’s Monthly Tax Update December 2024
From www.pwc.com.au: PwC Australia released its Monthly Tax Update for December 2024, highlighting recent developments in corporate, employment, international, indirect, and state taxes, as … read more
Boardroom Brief: Week commencing 9 December 2024
From Gilbert + Tobin: This week’s boardroom brief discusses the introduction of new policy specifications by the Treasury, responses to the Modern Slavery Act … read more
The clock is ticking on your GST credit entitlements
From grantthornton.com.au: ‘Division 93 of the GST Act imposes a very strict four year time limit in which to claim your input tax credits … read more
Can an SMSF buy real property from a related party?
From cgw.com.au: An SMSF can purchase real property from a related party only if the property qualifies as business real property, which must be … read more
Secured creditor appointments and processes
The discussion from cathropartners.com.au covers the rise of receiverships, the role of secured creditors, and the importance of security reviews and accountant reports in these … read more
Santa delivers for legacy pension recipients
From accurium.com.au: The new Treasury Laws Amendment impacting legacy pension recipients, outlining the benefits, challenges and potential implications on social security entitlements. … read more
Use of AI in finance functions meeting expectations
A KPMG study reveals that 72% of companies in Australia and globally use AI in finance operations, with most leaders reporting that ROI is meeting … read more
Cultivating high-performance boards
From Institute of Company Directors: High-performing boards must engage in continuous self-evaluation to enhance their governance practices and ensure long-term organizational success.
Effective board … read more
November 2024 Round Up – Family Trust Elections
From www.knowledgeshop.com.au: The November 2024 Tax Round Up highlights updates on family trust elections (FTEs) and the ATO’s finalized guidance on section 99B, which … read more
Hitting CTRL+Z on liquidation
From worrells.net.au: Companies in liquidation may have opportunities to reverse their situation, allowing them to continue trading rather than facing permanent closure.
Two key … read more
One strike and you’re out?
From worrells.net.au: ASIC can disqualify a company director from managing corporations for up to five years if they were an officer of multiple companies … read more
Small business profitability and risk benchmarks report 2024
From www.charteredaccountantsanz.com: Chartered Accountants Australia and New Zealand has launched its inaugural Australian small business profitability and risk benchmarks report for 2024, in collaboration … read more
How to keep clients loyal and happy
Accountants can enhance client retention by demonstrating care through the “CARE” framework, which emphasizes credibility, appearance, reliability, and empathy – from bookmarklee.co.uk.
Building strong … read more