News Articles

June 2015

9
Jun

Year End Matters: Individuals

The tax year ends on 30 June and this year is no different to any other in terms of year end planning matters.  Generally, better results are generated when these planning matters are incorporated into an overall plan for your family matters and affairs, including estate planning.

9
Jun

ASIC Focus Areas for Year End Financial Reports

ASIC has recently issued a media release highlighting several important areas of focus for boards and those responsible for preparing 30 June 2015 financial reports. The ASIC Commissioner affirmed a resounding issue is companies using unrealistic assumptions to test the value of assets or applying inappropriate accounting choices in areas...

9
Jun

Year End Matters: Business

As the tax year winds its way to the end, the standard thought processes turn to those year end planning matters that should be dealt with.  However, rather than leaving year end housekeeping until the end of the tax year, a more strategic and efficient approach is to incorporate these...

9
Jun

Earnout Clarity

Earnout arrangements are a way of structuring the sale of a business when uncertainty exists regarding its value.  In this type of arrangement, the sale of the business includes a lump sum payment plus a right to further payment that are contingent on the performance of the business for a...