News Articles

July 2015

1
Jul

ESV Merges with Harveys Chartered Accountants

ESV Accounting and Business Advisors today announced it has merged with Harveys Chartered Accountants to enhance its presence and strengthen its position as the leading accountancy and business advisory firm for independent business owners.

13
Jul

Accessing Your Super Benefits Before Retirement

Nowadays more and more people are choosing to remain in the workforce despite reaching their respective retirement (preservation) age. However, depending on their circumstances, they may not necessarily wish to continue with full time employment.

13
Jul

Is It Time To Review Your SMSF Succession Plan?

While SMSFs often comprise a significant portion of an individual’s overall assets, many people do not have sufficient succession plans in place when it comes to their SMSF.  Earlier this year, the ATO expressed concern at the amount of SMSF trustees who had overlooked situations such as incapacity, particularly due...

9
Jul

Directors and Secretaries Beware: Maintaining High Standards for Board Processes and Minutes

A recent case between ASIC and Australian Property Custodian Holdings Limited (“APC”) has highlighted the importance of maintaining high standards for board processes and minutes.  In the final decision, the directors of APC were fined and disqualified after the Board attempted to introduce new fees to be charged by APC,...

9
Jul

New Revenue Rules - Implication for Not-For-Profit Entities

Late last year the Australian Accounting Standards Board made the announcement to adopt AASB 15 Revenue from Contracts with Customers.  The adoption of AASB 15 could have an impact on a number of industries, including charities, research foundations, construction, manufacturing, telecommunications, software development and licensing, and real estate.