2024 Year end tax planning and financial reporting guide - unlocking tax and reporting insights for year end success > Download the full guide
Australia
Year-end strategies for reduced tax exposure and ongoing wealth accumulation

By William Buck on 23/06/20 - Mins to read: 5 minutes

Financial year end can be daunting, but rather than approaching it with disdain and visions of sky-high paperwork, consider it a time to reset financially and set yourself up for lower taxes and greater wealth accumulation. Common year-end tax minimisation strategies include reducing your CGT by maximising your superannuation contributions,...
Read More >
Victorian Government ‘Circuit Breaker’ Lockdown Business Assistance package

By William Buck on 23/06/20 - Mins to read: 5 minutes

Victoria has announced a new $250.7 million Circuit Breaker Business Support Package to assist 90,000 businesses affected by the seven-day circuit breaker announced on 27 May 2021.  The support package features three initiatives aimed at small to medium-sized businesses and sole traders impacted by the seven-day circuit breaker restrictions that will run until 11:59pm on Thursday, 3 June.   Update 2 June 2021: As a result of the...
Read More >
Removal of Special Purpose Financial Statements for certain For-Profit entities

By Muhammad Ayoob on 23/06/20 - Mins to read: 5 minutes

In March 2020, the Australian Accounting Standards Board approved the issue of AASB 2020-2 Removal of Special Purpose Financial Statements for Certain For-Profit Private Sector Entities and AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-profit Tier 2 Entities. This means that for periods beginning on or after 1 July...
Read More >