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Navigating changes to IFRS for CFOs: a high-level summary of recent changes to IFRS that will affect companies' future financial reporting. Changes are colour coded to help Chief Financial Officers identify the changes that will affect them most.

So, you’ve got a strategy…with clear objectives…and a plan on how to achieve them…with measures so you will know that you have…but have you considered the consequences if you’re wrong?

Employee share schemes (ESS) have come in and out of favour over the years, but improvements in the general economic climate in Australia combined with the recent introduction of a range of tax and company law concessions in this area mean that the time is definitely right for mid-size businesses to take another look at introducing a tailor-made ESS arrangement.

The ATO issued a Practical Compliance Guideline (PCG 2016/18) on 18 November 2016, addressing the GST treatment of countertrade transactions, more commonly known as Barter transactions.

A conversation with Mr Peng Hong Wong, Executive Director of Victorian Investments & Properties Pty Ltd (VIP), developer of Melbourne’s fastest selling new development: Woodlea.

Those looking to apply an outputs-based method to recover input tax credits will have kept a keen eye on the outcome of RSPG v Commissioner of Taxation [2016] AATA 687 concerning the recovery of input tax credits from the construction of a retirement village.

For years, the report that comes from the company’s audit firm has been criticized as providing very little useful information for investors. Investors have been calling on the audit report to be enhanced from its pass/fail approach for some time. They have requested that the key areas identified in the course of the audit be explained and conclusions drawn on how the auditors were able to gain comfort.

When purchasing real property after 1 July 2016, it is presumed that the vendor is a non-resident and the purchaser will be obliged to withhold 10% of the proceeds, register for withholding tax (WHT) and pay it to the Australian Taxation Office (ATO) unless a clearance certificate has been obtained prior to settlement.

The average length of financial statements has been growing for many years, as a result of new Standards and Amendments published by the IASB. In the coming years, new Standards on revenue, financial instruments and leasing will add even more disclosures.

The IFRS Viewpoint series provides insights from Grant Thornton's global IFRS team on applying IFRSs in challenging situations. Each edition focuses on an area where Standards have proved difficult to apply or lack guidance.

Recent budget announcements will see residential care providers struggle to remain viable. While there was some good news with the announcement of 1,286 new places and increased viability supplements for rural and remote providers, this will mean little to the large number of providers already operating on slender margins.

The new social security agreement between Australia and India (the Agreement) came into effect on 1 January 2016.