Advice for WA businesses to help them safeguard their business continuity in the wake of rising Omicron cases.
Take positive steps to prepare
Category: COVID-19
Giving back: transforming the NFP sector
Australia’s not-for-profit sector has changed considerably in the past ten years, but just how has a global pandemic changed the way corporates and individuals view donating?
Balanced investor profile undergoes allocation shift
The long-held 60/40 asset allocation rule is no longer adequate if Australians are to retire comfortably, with an 80/20 ratio of risky vs secure assets far more appropriate in the current market environment.
The loss carry back tax offset explained
The loss carry back tax offset essentially allows eligible corporate entities to ‘carry back’ tax losses in their 2021 and 2022 tax returns to offset profits and tax paid as far back as the 2019 tax year. This article addresses how to calculate the loss carry back tax offset for the current year.
Allocation of Professional Firm Profits – PCG 2021/D2
The ATO has finally released updated guidance in the form of PCG 2021/D2, although the new rules set to apply from 1 July 2021 have been met with universal alarm across the accounting profession.
The Bottom Line – Issue 8
The Bottom Line aims to keep you in the loop with all the latest accounting and financial reporting developments, and the potential impact they may have on your business.
Governance trends for NFPs
A look back at the trends and focus areas that have arisen in 2020 for NFP board members and governance professionals.
Rebuilding your superannuation
Four superannuation strategies that could help to boost retirement savings if your super balance took a hit during the pandemic.
Post-COVID-19 Enterprise Risk Management
The COVID-19 crisis has demonstrated that the traditional approach to Enterprise Risk Management needs to be re-assessed. ERM needs to evolve to better manage risks.
Accounting for JobKeeper payments
JobKeeper has recently been the topic of much debate in technical circles. This article considers the accounting treatment of JobKeeper payments for both for-profit and not-for-profit entities.