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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...

13
May

Budget Brief: Individuals

The main focus of the budget for individuals was a change in benefits provided through childcare rebates as well as some other changes which have been noted below.

13
May

Budget Brief: Small Business

The previously announced reduction in the corporate tax rate to 28.5% for companies with an aggregated annual turnover of less than $2 million is scheduled to commence from 1 July 2015.  Other corporate entities retain the existing 30% rate with the franking rate of 30% on dividends to be retained...