News Articles

May 2019

21
May

A refresher on AASB 16 Lease Accounting: Make sure you’re prepared!

Last year the Australian Accounting Standards Board continued its rollout of new accounting standards with the announcement of the new standard, AASB 16, superseding AASB 17. AASB 16 aims to provide greater transparency of a business’s leasing activities and financial position to owners, shareholders and investors by improving the accuracy...

21
May

The Pros and Cons of GST Grouping

A GST group is a group of two or more associated business entities that operate as a single business for the purposes of GST.

21
May

AFS Licences revoked for failing to obtain AFCA membership

Australian Financial Complaints Authority (AFCA) is a new one-stop financial service external dispute resolution (EDR) scheme which commenced on 1 November 2018. It replaced the two then existing ASIC approved schemes -  the Financial Ombudsman Service (FOS) and the Credit and Investments Ombudsman (CIO)– and the statutory Superannuation Complaints Tribunal (SCT).

21
May

Emotional Intelligence in the Workplace

‘Emotional Intelligence’ has become a bit of a buzz word in recent years as many researchers and HR experts have started stressing the importance of harnessing and building Emotional Intelligence in the workplace. The World Economic Forum even included Emotional Intelligence in its top 10 skills that we will need...