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
Mandatory JobKeeper disclosures for listed entities
Listed entities are now required to make certain disclosures to the market about JobKeeper payments. The information will be made publicly available.
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.
Top emerging risks for organisations
There is no question the pandemic has changed the way companies operate forever. However, as companies focus on reshaping their future, they are facing a number of challenges and risks, and how they address these will be deeply intertwined with their approach to risk and resilience.
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.
COVID brings tax nuances for returning expats
Australian expats returning to local shores amid the ongoing COVID-19 pandemic will need to consider the tax implications of investments held overseas.
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.