Our latest insights

In recent years we’ve seen the release of AASB 15 “Revenue from Contracts with Customers” and Tax Ruling 2018/3 “Tax treatment of long term construction contracts” (formerly IT 2450). Industry participants and their advisors need to understand the impact these may have on the timing and quantum of their revenue each year.

Though ransomware is not new in the cybersecurity space, its implications can have substantial impact on businesses.

With the recent Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry and the current Royal Commission into Aged Care Quality and Safety, whistleblowing is likely to increase. New laws encourage and protect whistleblowing but are companies ready for this?

Following on from the alert last week, it has become increasingly clear how complicated the differing surcharge rules are making the establishment and administration of discretionary and testamentary trusts.

Charities around Australia are highly reliant on donations and bequeaths to keep their programs running – with a significant proportion of their funding coming from trusts.

Australian tax incentive assisting Early Stage Innovation Companies (ESICs) attract funding

The Australian higher education sector has been going through a period of rapid change. This includes new technologies, changes to student demographics and the way that people prefer to learn changes to what employers are looking for from graduates, and changes to the way that universities are funded (just to name a few).

The Queensland Government has revealed its intentions to expand the application of mandatory PBAs, and proposed timeframes for the roll-out of Project Bank Accounts (PBAs).

The establishment of the National Bushfire Recovery Agency has been announced, together with an initial $2 billion allocation to the National Bushfire Recovery Fund that will support all recovery efforts across Australia over the next 2 years.

Summary of 2008-2019 Local technical and financial reporting alerts

2019 has been an interesting and challenging year for businesses, both large and small. As well as grappling with a weakening economy and an unsettled global trading environment, one consistent theme that stands out in Australia is an increased focus on employment tax compliance, with a raft of law changes, audit activity and landmark cases.

Started in 1968, Special Olympics is a world-wide movement and the largest sporting organisation for people with intellectual disabilities.