Are you currently undertaking additional grant work? Are your scope and engagements up to date to mitigate your practice’s risk of scope creep? Written by Rebecca Mihalic Properly managing your scope and engagements through crisis can mitigate your risk. As NSW enters...
Financial Services
Financial advice including wealth creation, insurance and lending services
GST And Digital Downloads – The So-Called ‘Netflix Tax’
by TaxBanter | Jun 18, 2015 | Featured Articles, Financial Services
In the lead up to the 2015 Federal Budget there was plenty of press given to two critical tax issues: combatting multinational tax avoidance (the so-called 'Google Tax') and closing the loophole of digital downloads, commonly referred to as the 'Netflix tax'. In this...
Valuing SMSF Administration Companies (& SMSF Books of Business in Public Practice Accounting Practices)
by Magnus Yoshikawa | Jun 3, 2015 | Featured Articles, Financial Services, Latest News
As a generality, Public Practice Accountancy Practices can sell for between $0.75 and $1.00 ~ Premium for every $1.00 of ‘recurrent revenue’, whilst SMSF Administration companies (and SMSF books of business in Accounting Practices) can sell for between $1.00 and $1.20...
Some Tax Developments In The NFP
by TaxBanter | Jun 3, 2015 | Featured Articles, Financial Services, Latest News
The meal entertainment party comes to an end Longstanding FBT and reportable fringe benefits tax concessions allowing employees of certain employers to salary package ‘meal entertainment’ (without $ limits) will come to an end on 31 March 2016. The meal entertainment...
What impact does formal bankruptcy proceedings have on individual’s credit rating?
by Michael Jones | Jun 2, 2015 | Featured Articles, Financial Services, Latest News
As a bankruptcy trustee I am often asked by individuals facing personal financial hardship what will happen to my credit rating if I formally declare myself bankrupt. More importantly individuals are often concerned about their ability in future to borrow money for...
Trouble for SMSF Trustees
by David Saul | May 18, 2015 | Featured Articles, Financial Services, Latest News
Recently an article appeared in SMSF Adviser (by Miranda Brownlee on 12 May 2015) titled “ATO honing in on misuse of auditor numbers”. In that article the ATO Director of Superannuation – Mr Howard Dickinson said: “There has been a suspicious amount of activity where...
CCH – Deloitte Federal Budget Report 2015
by Daniel Wyner | May 13, 2015 | Financial Services, Latest News
Read the CCH-Deloitte Federal Budget Report 2015, direct from the lock up at Parliament House at 8pm on budget night Tuesday May 12. An additional report will be available on Friday May 15, 2015, including insights and commentary from Deloitte’s budget team. Read it...