It is important to implement good process and procedures early on in business to reduce headaches down the track. By taking a few additional steps when initially engaging with customers and making your customers aware of the potential consequences of non payment, the chances of default are likely to reduce.
The Fringe Benefits Tax ("FBT") year concludes on 31 March 2015 and with that comes the annual compliance obligation of filing the FBT return. Broadly, any non-cash benefit provided to an employee in respect of their employment could fall within the scope of FBT and as such, being aware of...
On Thursday 19 February, ESV held its annual Accounting and Financial Reporting Update Breakfast event. ESV has run this event for a number of years, as part of our mission to keep our clients informed and up to date on the latest accounting and business news.
The issue of related party loans to SMSF’s has been a hot topic over the last few years with the ATO expressing differing views through various mediums.
In a recent speech Prime Minister Tony Abbott highlighted a range of issues that have been impacting Australia over the last year, as well as outlining his plan for the future. As part of this speech changes to previously announced policies were made, which could have significant impact on Australian businesses.