As businesses rely more and more on technology cybercrime has become a growing concern for organisations not only globally but locally too. Increasingly, businesses in Australia are facing cyber-threats and data breaches are becoming a matter of daily headlines.
As a founding member of The International Accounting Group (TIAG), ESV Accounting and Business Advisors has long recognised the need for our clients to be supported on the ground by like-minded independent professionals, wherever in the world they are doing business
The ATO has recently announced that they are extending the ,already existing, onerous disclosure requirements for corporate entities by extending the obligation to lodge the Reportable Tax Position (RTP) schedule to companies in economic groups that have a turnover of greater than A$250M.
The government has recently introduced draft legislation which proposes to create a new framework for determining whether a company recoup tax losses that it incurred prior to a change of control or ownership.
It is widely acknowledged that owners who have a clear understanding of their business performance metrics and visibility of opportunities and risks are much more likely to survive and prosper. Successful ventures don't operate in the dark.