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Our latest thoughts and analysis to keep you informed and help you achieve results.

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20 September 2021 | Minutes to read: 3

Managing aggressive patients – an employer’s moral and legal duty to their staff

It is well documented that the Australian healthcare industry is not only the largest industry in Australia...
20 September 2021 | Minutes to read: 3

GP Practice Owners – Why it’s critical to develop a plan for GP Recruitment

William Buck acts for many owners of general medical practices across Australia. Consistently, one of the top...
20 September 2021 | Minutes to read: 4

Export insights: China’s food and beverage market

China’s burgeoning middle-class, together with the China-Australia Free Trade Agreement has created a wealth of opportunities for...
20 September 2021 | Minutes to read: 3

Are you really a temporary tax resident?

Tax residency has become a hot topic lately, with a suite of cases on individual residency hitting...
19 September 2021 | Minutes to read: 3

Benefits of Discretionary Family Trusts​

This is a question we get asked often by medical practitioners. Generally they have heard from a...
16 September 2021 | Minutes to read: 2

Does the ATO know about your new car? Extended data-matching powers on lifestyle assets

An extension of the Australian Taxation Office’s (ATO) data matching program means your yacht, Porsche or Archibald...
15 September 2021 | Minutes to read: 3

Healthcare a leading sector for Australian deal making activity in 2021 – what does this mean for you?

Healthcare, which is one of a few sectors leading the current resurgence of deal making activity in...
15 September 2021 | Minutes to read: 3

Developing KPIs to solidify the sustainability of your practice

This is the first article in a three-part series on developing and tracking practice performance through Key...
13 September 2021 | Minutes to read: 2

Technology and the future Virtual CFO

This article is the second in a series that looks at the VCFO role, how it differs...
10 September 2021 | Minutes to read: 2

William Buck client Tuff Group Holdings to build Australia’s first synthetic turf recycling plant

Tuff Group Holdings (Tuff Group) has received grant funding with the help of William Buck to build...
8 September 2021 | Minutes to read: 3

Changes to the Export Market Development Grant

Applications have now opened for AusTrade’s revamped Export Market Development Grant (EMDG) scheme. From 1 July 2021,...
23 August 2021 | Minutes to read: 5

Tax in a digitised world

Tax is an ancient beast trying to deal with a rapidly changing world. It is struggling to...
23 August 2021 | Minutes to read: 4

The new ethical challenges in testing times

This articles was first published by Praxity on 24 May 2021. As the pandemic wanes, accountants and...
23 August 2021 | Minutes to read: 5

How to detect and prevent employee fraud in the ‘new normal’

This article is authored by Cameron Johnstone, Dominic Molluso and Sean Wengel. Employee fraud is all too...
18 August 2021 | Minutes to read: < 1

NFP Financial reporting insights | August 2021

Transitioning to simplified disclosures The Australian Accounting Standards Board has issued AASB 2021-1 Amendments To Australian Accounting...
18 August 2021 | Minutes to read: 5

NFP ACNC activities | August 2021

Governance standard strengthened  The Federal Government has announced amendments to governance standard three to ensure that Australian...
18 August 2021 | Minutes to read: 6

NFP Governance & Compliance | August 2021

New guide on AGMs  New guidance should help organisations navigate uncertainty about holding AGMs and executing electronic...
12 August 2021 | Minutes to read: 14

NSW JobSaver applications now open – further details on how to apply

Latest Updates 26 August | Updates including service entity rules and expansion to large tourism, hospitality and...
12 August 2021 | Minutes to read: 11

Further detail announced on NSW Government’s 2021 COVID-19 Business Grant

Latest Updates 30 August | Decline in turnover test for service entities Service NSW has updated its...
11 August 2021 | Minutes to read: 8

Victorian Business Support Package

The Victorian Government has provided further detail on the Business Support Package, including greater clarity around the...
9 August 2021 | Minutes to read: 3

EdTech – grants and support to kickstart your move to China

This article is part of an ongoing ‘Asia Pacific Insights Series’, co-authored by Vivi Chen, Cica Chen...
27 July 2021 | Minutes to read: 7

Accounting and tax considerations of biotech & pharma companies conducting clinical trials in Australia

This article is authored by Jack Qi, Rita Choueiri, Alex Zinzopoulos and Catherine Abbott. Australia is a...
27 July 2021 | Minutes to read: 11

2021 COVID-19 Micro-business Grant – businesses can now apply

Latest Updates 27 August | Updates from extension to lockdown and expansion to regional areas With lockdown...
22 July 2021 | Minutes to read: 2

SA COVID relief alert

In response to the South Australian 7 day lockdown beginning 21 July 2021, the State Treasurer has...
19 July 2021 | Minutes to read: 3

What is a Virtual CFO and how could they help your business

With the transition to real time accounting using cloud-based software, an increase in flexible working arrangements and...
19 July 2021 | Minutes to read: 4

Tax planning starts 1 July

“Year-end tax planning” – you hear it so many times that you’d think the two were synonymous....
19 July 2021 | Minutes to read: 3

Business finance: your best options and tips to make them work for you

Cash is king and funding is the fuel on which a business runs. With the uncertainty caused...
18 July 2021 | Minutes to read: 2

Dangers of delaying the inevitable in business

COVID-19 has thrown a spanner in the works of succession plans for many Australian businesses. Uncertainty around...
14 July 2021 | Minutes to read: 2

Additional COVID-19 support announced for individuals across NSW

Scott Morrison and Gladys Berejiklian have announced a raft of new support measures for the state of...
13 July 2021 | Minutes to read: 5

Increased COVID-19 relief and grants announced for NSW businesses

Scott Morrison, Gladys Berejiklian and Dominic Perrottet have jointly announced a raft of new support measures for...
13 July 2021 | Minutes to read: 4

Super changes from 1 July 2021: new laws and increased thresholds

From 1 July 2021, a raft of new superannuation laws were introduced including changes to key superannuation...
13 July 2021 | Minutes to read: 2

NSW Government’s 2021 COVID-19 Support Package announced

The NSW Government has announced a number of support measures to assist businesses in NSW affected by...
12 July 2021 | Minutes to read: 6

Home office expenses | Junior Doctors

It’s time to take an in-depth look at tax deduction opportunities you may be missing – home...
12 July 2021 | Minutes to read: 2

Tax basics for junior doctors

Have you been confused by how the taxation system works in Australia? In this article, we are...
8 July 2021 | Minutes to read: 2

The ins and outs of tax returns

Each year, you are required to lodge your tax return with the ATO either by yourself or...
8 July 2021 | Minutes to read: 3

HELP debt explained

As junior doctors, most of you would have used a Higher Education Loan Program (HELP) loan to...
8 July 2021 | Minutes to read: 2

Child Care Subsidy – How much am I entitled to?

Returning to work when raising a child can be a challenging time.  Here, we help demystify when...
2 July 2021 | Minutes to read: 3

Risks for Australian EdTech exports to China and how to overcome them

This article is part of an ongoing ‘Asia Pacific Insights Series’, co-authored by Vivi Chen, Cica Chen...
28 June 2021 | Minutes to read: 2

New R&DTI claims portal and application form – Here’s what you need to know

All R&D Applications for the year ending 30 June 2021 (FY21) and beyond will need to be...
21 June 2021 | Minutes to read: 4

Tips for preparing your tax information if you’ve been working in the Gig Economy

Events of the last 12 months have seen many people change the way they work, with some...
21 June 2021 | Minutes to read: 4

Digital Transformation | 2021/22 Budget: What’s in it for my Australian Small Business?

With over $1 billion allocated to its Digital Economy Strategy in the recent Federal Budget announcement, the...
17 June 2021 | Minutes to read: 3

Indonesia’s digital health boom and the opportunities for Australian healthcare providers

This article is part of an ongoing ‘Asia Pacific Insights Series’, co-authored by Elvina Tio, Sandy Lam...
16 June 2021 | Minutes to read: 4

Do employee share schemes work for private businesses?

Employee share schemes (ESS) are a great concept. They aim to align the interests of employees with...
16 June 2021 | Minutes to read: 2

New Director Identification Numbers to tackle illegal phoenixing

All directors of Australian companies will be required, by 30 November 2022, to obtain a Director Identification...
16 June 2021 | Minutes to read: 4

Year-end strategies for reduced tax exposure and ongoing wealth accumulation

Financial year end can be daunting, but rather than approaching it with disdain and visions of sky-high...
9 June 2021 | Minutes to read: 3

What’s ahead for China-Australia relations – The export opportunities for Australia businesses

This article is part of an ongoing ‘Asia Pacific Insights Series’, co-authored by Spring Wu, Julie Hong,...
1 June 2021 | Minutes to read: < 1

Victorian Government ‘Circuit Breaker’ Lockdown Business Assistance package

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...
1 June 2021 | Minutes to read: 7

The purpose of an audit: an explanation for those that require, or should seek, an audit

This article will explain why organisations require audits, identify the legislation that enacts those audits, and detail...
1 June 2021 | Minutes to read: 4

SPFR Preparers: a plain language guide for what to expect under the new general-purpose financial reporting regime

Dear Special Purpose Financial Report Preparers – let me call you SPFRPs for short – it will...
1 June 2021 | Minutes to read: 6

Removal of Special Purpose Financial Statements for certain For-Profit entities

In March 2020, the Australian Accounting Standards Board approved the issue of AASB 2020-2 Removal of Special Purpose Financial...
31 May 2021 | Minutes to read: 4

2021 year-end tax planning tips for medical specialists

It is hard to believe that we are in June already, and with only four weeks until...
28 May 2021 | Minutes to read: 4

Federal Budget explained for medical specialists

This article was first published on the LinkedIn Business Page of The Professional Medical Practice on the...
28 May 2021 | Minutes to read: 3

China’s growing EdTech market and opportunities for Australian tech exports

This article is part of an ongoing ‘Asia Pacific Insights Series’, co-authored by Vivi Chen, Cica Chen...
27 May 2021 | Minutes to read: 3

Not-for-profits entities and Australian charities and Not-for-profits Commission (ACNC)

What is a not-for-profits entity? A not-for-profit entity, as its name suggests, is an organisation that does...
27 May 2021 | Minutes to read: 3

Return to normal, or thrive in COVID normal?

This article was originally published by AMTIL on the AMTIL website on 20 May 2021. There is...
25 May 2021 | Minutes to read: 2

Recent changes to legislation that will impact your 2021 tax planning

It’s nearly the end of the financial year which means it’s time for businesses to prepare their...
25 May 2021 | Minutes to read: 2

Top 5 Superannuation Changes from 2021-22 Federal Budget Update

This is a White Paper published by the SMSF Association As expected, this year’s Federal Budget has...
25 May 2021 | Minutes to read: 2

Further changes to Income Protection policies effective 1 October

We recently communicated the upcoming changes to Income Protection proposed to take effect on 1 October 2021....
20 May 2021 | Minutes to read: 4

Governance & Compliance | May 2021

Breakthru back-pays more than $2.7m   Disability services provider Breakthru Ltd is back-paying employees more than $2.7 million...
20 May 2021 | Minutes to read: 3

NFP ACNC activities | May 2021

ACNC releases new best-practice disclosures guide  ACNC’s new best-practice guide for charities reporting on government revenue they...
20 May 2021 | Minutes to read: 3

NFP Financial reporting insights | May 2021

Increasing financial reporting thresholds for ACNC-registered charities The Council on Federal Financial Relations has asked that a framework...
20 May 2021 | Minutes to read: 3

Federal support for Australian innovation

With the 2021-2022 Federal Budget announced, companies involved in driving Australia’s innovation can start planning their future...
17 May 2021 | Minutes to read: 5

How does the 2021-22 Federal Budget support Victoria’s tech industry?

William Buck’s dedicated technology specialists have summarised the key items for Victorian Technology businesses in this year’s...
12 May 2021 | Minutes to read: 4

A practical guide to what the tech sector should do next after a B-budget

This article was first published by StartUp Daily on 12 May 2021. Now that the dust is...
11 May 2021 | Minutes to read: 2

Revisiting your risk profile

It’s time – whether you’re just starting to build your portfolio or a sophisticated investor with extensive...
11 May 2021 | Minutes to read: 4

Federal Budget 2021-22 | Key policies at a glance

The 2021-22 Federal Budget has a focus on fiscal stimulus measures rather than austerity. In particular the...
10 May 2021 | Minutes to read: 3

Federal Budget 2021-22 | 5 take-outs for SMEs

1. Invest in capital assets Look at your planned capital expenditure. If your business needs to buy...
7 May 2021 | Minutes to read: 2

“Expect carnage” – new reporting requirements could cause mass exodus of AFSL licensees

Commentary from Nicholas Benbow, Director Audit and Assurance at William Buck Accountants and Advisors AFSL licensees will...
7 May 2021 | Minutes to read: 5

How to maximise the value of your Tech exit

Founders spend years growing their business and building something of value. When the time comes for an...
28 April 2021 | Minutes to read: 4

New reporting requirements likely to precipitate a major exodus of AFSL licensees

A lot has been made about the impact of the change in Australian company reporting requirements. This...
27 April 2021 | Minutes to read: 3

Year-End Tax Time: the do’s and dont’s that will maximise your after-tax position

Preparing for tax time can be daunting – especially as a small business owner when it adds to your...
26 April 2021 | Minutes to read: 6

Revenue multiples for Aus tech companies 25% higher than US – can valuations hold?

There has been much discussion recently around whether we are in another tech “bubble”. Unlike traditional businesses,...
23 April 2021 | Minutes to read: < 1

Cybersecurity for SMEs

Cybersecurity has become a hot topic in recent times following some high profile cyber-attacks with major economic...
23 April 2021 | Minutes to read: 4

Digital Estate planning

While not a lawyer, I still see the importance of educating my clients about estate planning as...
21 April 2021 | Minutes to read: 4

2021 China outlook: business and economic recovery

As economies begin to recover, we take a look at China’s activity and the big winners of...
11 April 2021 | Minutes to read: 3

What’s more dangerous: Diversification or Concentration and does it really matter?

Diversification is highly regarded but just how important is it when investing? While diversifying investments can reduce...
8 April 2021 | Minutes to read: 2

Modern Manufacturing Initiative grant – Recycling and Clean Energy

What is it? If you are undertaking a project to develop and commercialise new or improved products...
8 April 2021 | Minutes to read: 2

Modern Manufacturing Initiative grant – Defence

What is it? If you are undertaking a project to develop and commercialise new or improved products...
8 April 2021 | Minutes to read: < 1

Modern Manufacturing Initiative grant – Food and Beverage

What is it? If you are undertaking a project to develop and commercialise new or improved products...
30 March 2021 | Minutes to read: 3

How to structure the purchase of investment property

When purchasing an investment property, or any investment asset for that matter, you should consider whether you...
30 March 2021 | Minutes to read: 2

Airbnb – Tax implications of renting out your property

The popularity of online accommodation booking websites has been exponential, especially in light of the restricted overseas...
26 March 2021 | Minutes to read: 2

Practical Compliance Guideline 2021/D2 – the allocation of professional firm profits

The long-awaited update from the ATO on the allocation of profits for professionals has now been released...
26 March 2021 | Minutes to read: 5

R&D and EOFY

With EOFY just around the corner, we’ve outlined simple steps business owners can take before year-end to...
24 March 2021 | Minutes to read: 4

Has your FBT exposure been impacted by COVID-19?

Dealing with Fringe Benefits Tax (FBT) issues can be complicated at the best of times, however the...
23 March 2021 | Minutes to read: 4

The Corporate ‘Sell Out’?

A number of our larger medical client groups have recently been approached by “large corporates” and/or Private...
23 March 2021 | Minutes to read: 2

SME Recovery Loan Scheme expanded

Latest Update 25 August | Federal Government has removed the requirement for SME’s to have received JobKeeper...
23 March 2021 | Minutes to read: 2

Long service leave obligations and COVID-19 – are you compliant? (NSW)

On 25 March 2020 temporary laws came into effect to create greater flexibility for employers and workers...
22 March 2021 | Minutes to read: 3

SME success strategies in the wake of a pandemic

This article was first published by Inside Small Business on March 21. As Australia recovers from the...
19 March 2021 | Minutes to read: 3

What makes a Family Office investor different?

Successful investors will often think and behave differently to most. This is particularly true when it comes...
19 March 2021 | Minutes to read: 4

Startup finance: Six tips to get it right

For your startup to succeed, robust financial management is needed to help you clearly pinpoint how much...
17 March 2021 | Minutes to read: 4

Are you subject to the new Car Parking FBT changes?

As we edge closer to the end of the 2021 Fringe Benefits Tax (FBT) year on 31...
17 March 2021 | Minutes to read: 2

Sweeping reforms to Income Protection policies, effective October

Income protection or salary continuance is a type of insurance policy that can provide coverage of up...
5 March 2021 | Minutes to read: 5

Cryptocurrency – be aware of your tax obligations

Cryptocurrency became part of our reality around 12 years ago and one of the main benefits of...
18 February 2021 | Minutes to read: 2

Governments grants and incentives – what’s on offer?

Grant funding is an excellent source of government support to help our clients get ahead, stay competitive,...
15 February 2021 | Minutes to read: 2

Unlocking finance support for growers and farmers

A year ago, the South Australian agri-sector was facing hot, dry and damaging conditions. Now, it’s managing...
10 February 2021 | Minutes to read: 2

ASIC bans send warning to directors

The first few weeks of February 2021 saw the Australian Securities and Investments Commission (ASIC) disqualify three...
5 February 2021 | Minutes to read: 2

Conference, seminar and self – education expenses simplified

Have you ever wondered whether the costs of conferences, seminars, and efforts at self-education are deductible? And...
5 February 2021 | Minutes to read: 2

ATO Data Matching

The Australian Tax Office is expanding its wings by beginning the process of collecting more data and...
3 February 2021 | Minutes to read: < 1

Are you eligible for the new Business Events Grant?

Eligible businesses can receive $10,000 in funding per application, up to a maximum of $250,000, as part...
31 January 2021 | Minutes to read: < 1

Are you considering any growth or restructuring opportunities for your business? Are you looking to transform your business?

If so, you may want to consider engaging William Buck to assist now. There is currently a...
28 January 2021 | Minutes to read: 5

NFP ACNC Activities | January 2021

ACNC reports more than $195 million in revenue errors in 2018 The Australian Charities and Not-for-profits Commission...
28 January 2021 | Minutes to read: 4

NFP Financial Reporting | January 2021

New SPFS disclosures take effect Under AASB 2019-4 Amendments to Australian Accounting Standards – Disclosure in Special Purpose Financial...
28 January 2021 | Minutes to read: 6

NFP Governance and Compliance | January 2021

Targeted funding critical for NFPs' survival The Australian Institute of Company Directors annual NFP Governance and Performance Studyreveals...
28 January 2021 | Minutes to read: 3

Family Office approach to investing

Every investor wants to build wealth in some form or another. It’s the approach and process that...
27 January 2021 | Minutes to read: 3

Top 10 actions to make your marketing data-driven

Personalise Your campaigns Big data and innovative analytics tools enable businesses to create highly targeted campaigns with...
27 January 2021 | Minutes to read: 3

How to supercharge your marketing with data

In this day and age, there’s no excuse for not knowing what your customers want. Gone are...
21 January 2021 | Minutes to read: 4

The importance of internal controls

What are internal controls? The easiest way to understand internal controls is to start by thinking about...
21 January 2021 | Minutes to read: 2

Philanthropy with impact

Philanthropy can be approached from all sorts of angles. Traditional approaches involve donating money to a chosen...
20 January 2021 | Minutes to read: 3

A nice combination: simplifying the financial reporting process for IPO

It’s obvious…and it isn’t… You have built your business, firstly through bootstrapping it in its start-up phase...
19 January 2021 | Minutes to read: 5

Remotely happy | Building confidence and trust from a distance

Do you trust your employees to work well from home? Trust is more important than ever as...
19 January 2021 | Minutes to read: 3

New process gives struggling business’s a chance at survival

Reforms to Australia’s insolvency framework have now taken effect for eligible businesses with liabilities of less than...
19 January 2021 | Minutes to read: 4

Creating value through digital transformation

Now is the perfect time for companies to truly commit to digital transformation. Businesses are continually facing...
14 January 2021 | Minutes to read: 6

Federal and Victorian state support for Australian Manufacturing

Over the last 8-10 months, COVID-19 has crippled global supply chains, and while Australia is finally heading...
13 January 2021 | Minutes to read: 3

Assess your eligibility for the JobKeeper 2.0 payment scheme

The start of the new year brought with it the second JobKeeper extension (the first having ended...
13 January 2021 | Minutes to read: 4

Accounting New Year’s Resolutions for 2021

It’s that time of year when everyone seems to be making New Year’s resolutions. Often personal New...
6 December 2020 | Minutes to read: 2

Securing your family business longevity and legacy

One of the greatest business challenges for patriarchs and matriarchs is planning the transition of their family businesses to...
3 December 2020 | Minutes to read: 3

Marketing basics – A guide for beginners

So you started your business and now you need to let people know you exist, and that...
3 December 2020 | Minutes to read: 6

Deconstructing the future of the Digital Economy: The Series

It’s reassuring to hear the Prime Minister’s words recently that “Australian Digital Economy is crucial to jobs...
29 November 2020 | Minutes to read: 4

Are we really “all in this together”? – Victorian State versus Federal Budget agendas

Shortly after the October Federal Budget was handed down, I wrote an article in which I asked...
27 November 2020 | Minutes to read: 4

The Victorian Budget – What it means for startup and tech companies

As the Victorian state endeavours to get people back to work to combat the government’s COVID-19 induced...
26 November 2020 | Minutes to read: 3

How to invest during COVID-19

During these uncertain times, it’s normal to feel nervous about your investments. However, it’s crucial during a...
25 November 2020 | Minutes to read: 4

Tax timing considerations for cashflow for a new business venture

One of the biggest changes in mindset when setting up a new business is that you are...
24 November 2020 | Minutes to read: 3

Why Business Continuity and Disaster Recovery Planning is imperative

What is it all about? Disasters occur every so often and take us by surprise. It’s during...
24 November 2020 | Minutes to read: 4

Federal Budget 2020-21 & The Digital Economy

Australian businesses have had to shift their mindsets and quickly adapt to changing circumstances as a result...
24 November 2020 | Minutes to read: 4

Why you should consider buying another business during the COVID-era

Why would you buy another business, let alone now? While the pandemic has brought about significant changes...
23 November 2020 | Minutes to read: 4

Will Hong Kong be caught in the crossfire of trade wars?

I recently listened to Praxity’s latest podcast episode on the effects of COVID-19 on China. It was...
20 November 2020 | Minutes to read: 4

Take advantage of grants, subsidies and support

With so many grants up for grabs, you may not even realise that you’re eligible to apply....
17 November 2020 | Minutes to read: 2

NSW Budget 2020-21 | Key Highlights

Today, the Treasurer of NSW the Hon. Dominic Perrottet MP, released NSW’s much anticipated state budget for...
10 November 2020 | Minutes to read: 3

Telehealth and the new normal

In response to the coronavirus pandemic, the Australian Government made temporary telehealth items available through Medicare to...
9 November 2020 | Minutes to read: 2

Investing in a family trust or superannuation

The decision to invest using a family trust or superannuation depends on an individual's circumstances and should...
5 November 2020 | Minutes to read: < 1

Successful Manufacturing Modernisation Fund (MMF) Grant Application

The client The company is a global market leader in battery powered end-to-end industrial sensors and IOT...
5 November 2020 | Minutes to read: 2

Manufacturing Modernisation Fund – Are you ready for the next funding round?

What is it? The Australian government recently announced its new Modern Manufacturing Strategy, which will involve a...
4 November 2020 | Minutes to read: 3

What deductions can I claim against my investment property?

Are you confused by the tax implications of expenses incurred on your investment property? Keep reading, as...
4 November 2020 | Minutes to read: 2

Superannuation contribution basics

Do you tend not to think too much about superannuation because you are still young? Keeping an...
4 November 2020 | Minutes to read: 2

Investing in shares 101

Investing in shares is one of the most popular ways to invest, especially for the younger workforce...
4 November 2020 | Minutes to read: 2

Taking advantage of tax-deductible catch-up payments to super

If you have not made use of the full $25,000 concessional (before tax) superannuation contribution cap, then...
3 November 2020 | Minutes to read: < 1

NFP Governments | November

Fundraising reforms to aid Vic charities The Victorian government has passed Consumer Legislation Amendment Act 2019, which...
3 November 2020 | Minutes to read: 2

NFP Financial Reporting | November

Wage underpayment FAQs Wages underpayment has become a pressing issue in the Australian economy.  Several large businesses...
3 November 2020 | Minutes to read: < 1

NFP ACNC Activities | November

ACNC focuses on DGR reforms Reviewing deductible-gift-recipient reforms is a notable focus of the ACNC’s 2020-21 corporate...
3 November 2020 | Minutes to read: 4

NFP governance | November

COVID-governance report released The Australian Institute of Company Directors and the Governance Institute of Australia have released...
30 October 2020 | Minutes to read: 3

Governance Best Practice: Investment approaches for Australian charitable trusts

The best performing for-purpose Boards and Investment Committees (ICs) recognise their primary role is one of governance,...
29 October 2020 | Minutes to read: 3

Is your tech Start-up geared for the employee vs. contractor test in a new work-from-home world?

At William Buck we see plenty of exciting new tech enterprises with a product morphing from idea,...
29 October 2020 | Minutes to read: 2

What are the benefits and costs of establishing a Family Office?

When making any significant financial decision in life it pays to undertake a detailed benefits and cost...
29 October 2020 | Minutes to read: 2

What is a Family Office and what does it do?

Traditionally, when we think of a Family Office, powerhouse business names like Rockefeller or Rothschild come to...
28 October 2020 | Minutes to read: 2

The financial mistakes health professionals make early in their career

As advisors to a significant number of medical professionals, we often see these professionals make less than...
20 October 2020 | Minutes to read: 4

How might e-commerce businesses be impacted by GST

While there are many more interesting and fun aspects to consider when setting up an e-commerce business...
16 October 2020 | Minutes to read: 3

What does the increase in the super contribution age mean for me?

The Federal Budget for 2020/21, delivered on 6 October 2020 included surprisingly few changes regarding superannuation. Probably...
15 October 2020 | Minutes to read: 2

Six ways to make yourself a VC magnet

1 Demonstrate your laser focus Be more than a big idea. Show a disciplined approach to every...
13 October 2020 | Minutes to read: 3

How will the Federal Budget support Victoria’s technology industry?

Victoria’s technology and startup businesses play a key part in both the State and Federal economy. Victoria...
13 October 2020 | Minutes to read: 4

Will we really be “all in this together”? – State versus Federal Budget agendas

On Tuesday 6 October, the Federal Government handed down one of the most eagerly anticipated budgets in...
12 October 2020 | Minutes to read: 3

2020-21 Budget update – How it affects medical practices and practitioners

On 6 October 2020 the Federal Budget was handed down and there were no real surprises either...
8 October 2020 | Minutes to read: 2

97% of tax revenue comes from five taxes, let’s talk about the remaining 3%

In Australia, five taxes make up 97% of our tax revenue, so what are these five and...
6 October 2020 | Minutes to read: 3

Federal Budget 2020: five key focuses for SME business

Last night, the Federal Government announced more than $30 billion in tax cuts for business as part...
30 September 2020 | Minutes to read: 4

The Secret Seven – business basics that have stood the test of time

What does the ‘new normal’ mean for businesses operating in the digital realm? These tumultuous times have...
29 September 2020 | Minutes to read: 6

Further taxation challenges for the e-commerce industry

E-commerce is uncontestably a growing business model  which enables businesses to deal across borders. Most international business...
29 September 2020 | Minutes to read: 5

E-business residency: an Australian tax perspective

As the internet is global, businesses using it will typically become involved in international transactions and the...
29 September 2020 | Minutes to read: 2

Using offshore entities to avoid interest withholding tax

The ATO is concerned with  arrangements using offshore related entities to facilitate the avoidance of interest withholding...
25 September 2020 | Minutes to read: 5

Re-appraising risk appetite, management and governance structures in the manufacturing sector in Australia

Heraclitus of Ephesus was an Ancient Greek, born in 535 BC; he was an influencer of Plato...
24 September 2020 | Minutes to read: < 1

Canberra announces huge reforms to insolvency laws – here’s what we expect

Canberra has announced the most significant reforms to insolvency laws in decades, applicable for companies with debts...
24 September 2020 | Minutes to read: 3

Position your mid-market business to thrive post Covid-19

A healthy and vibrant SME sector is vital to Australia’s economy, political system and culture. Yet, COVID-19...
24 September 2020 | Minutes to read: 3

The advantages of outsourcing parts of your business

The global outsourcing industry has grown exponentially over the years but continues to have a variable reputation....
23 September 2020 | Minutes to read: 3

Related Party Interest Free Loans

Now that the ATO’s updated views in respect of interest free loans have been published (even if...
22 September 2020 | Minutes to read: 3

Treatment of light meals provided to doctors

A question we are often asked by junior doctors is whether meals provided by their medical practice...
22 September 2020 | Minutes to read: 2

Work related clothing, laundry and dry cleaning expenses

You may be entitled to claim deductions in relation to expenses you incur as an employee purchasing,...
22 September 2020 | Minutes to read: < 1

Can I claim my travel costs when attending job interviews?

It is common for individuals to incur expenses while looking for a new job and attending interviews,...
22 September 2020 | Minutes to read: 2

Business Support Fund – Third Round now open for applications

Further to our update last week, the third round of the Victorian State Government - Business Support...
15 September 2020 | Minutes to read: 4

Update on payroll tax relief measures

A number of payroll tax relief measures have been introduced and amended to alleviate the impacts of...
15 September 2020 | Minutes to read: < 1

NSW duty and land tax surcharge changes – take action before December 2020

If you’ve acquired residential property or are looking to acquire residential property through a discretionary trust, you...
15 September 2020 | Minutes to read: 3

New business support packages

On 13 and 14 September 2020 the Victorian Government announced a range of new measures to support...
15 September 2020 | Minutes to read: 3

Dr Insights – Secrets to a successful medical practice

COVID-19 has been a challenging time for everyone, particularly business owners, including those who are trying to...
14 September 2020 | Minutes to read: 4

When it comes time to think about selling your practice

It can be hard to know when to sell your practice. There may never actually be a...
14 September 2020 | Minutes to read: 3

Medicare audits and the implications for Doctors

Over the last three years, there’s been a large increase in the number of medical practitioners subjected...
14 September 2020 | Minutes to read: 5

Top tips on strategic planning during an economic downturn

2020 hasn’t gone to plan, but it’s not too late to revisit that plan, adapt it to...
14 September 2020 | Minutes to read: 4

Know your cashflow

I have been a financial consultant to businesses for many years and it always surprises me how...
11 September 2020 | Minutes to read: 2

Victoria offers further relief to car park owners and landlords with vacant property

Victorian Treasurer Tim Pallas has announced yesterday further assistance for Victorian landlords who are struggling with Victoria’s...
10 September 2020 | Minutes to read: 3

Federal Government Economic and Fiscal Update

Treasurer Josh Frydenberg and Senator and Finance Minister Mathias Cormann today announced some unsurprising numbers as part...
3 September 2020 | Minutes to read: 3

Why every startup needs to get the accounting basics right

The success of every business is based on the bottom line and startups are no exception. Your...
27 August 2020 | Minutes to read: 3

Government’s proposed R&D changes – key points to cut through the noise

Earlier this week, the Senate inquiry’s report into the Government’s proposed cuts to the R&D tax incentive...
26 August 2020 | Minutes to read: 2

Outsourcing R&D Tax Incentive assistance to ensure your claim is eligible

Many R&D Tax Incentive (RDTI) claimants are surprised to discover that successfully registering an R&D claim doesn’t...
24 August 2020 | Minutes to read: 4

Accounting in the age of Technology – Lessons from the past

A fundamental driver for any business is the need to have accurate, timely and relevant information to...
24 August 2020 | Minutes to read: 3

Lessons from an income break and how to safeguard cashflow during a downturn

Doctors and practices nationwide are suffering a variation in revenue due to a fall in the number...
21 August 2020 | Minutes to read: < 1

Victoria announces extension on eviction ban and suspension of rental increases

The Victorian Government has announced an extension on both the moratorium of evictions and suspension of rental...
20 August 2020 | Minutes to read: 5

Learning from lockdown: what can your company do better?

This article was first published by Praxity Global Alliance on the 8 August 2020 As organisations seek...
19 August 2020 | Minutes to read: 3

Jobkeeper Payment eligibility changed – Take action now

If your business is accessing the JobKeeper Payments system, the rules around which employees are eligible have...
17 August 2020 | Minutes to read: 3

NFP ACNC Activities | August

Release of The Australian Charities Report 2018 Australian charities’ revenue grew by more than 6 per cent...
17 August 2020 | Minutes to read: 2

NFP Governance | August

ATO helps NFPs to comply The Australian Taxation Office has compiled a list of online resources that...
17 August 2020 | Minutes to read: 4

NFP Financial reporting insights | August

Removal of special purpose financial statements for certain for-profit entities In March 2020 the AASB approved the...
17 August 2020 | Minutes to read: 5

NFP COVID-19 | August

ACNC | COVID19 website resource The Australian Charities and Not-for-profits Commission has recognised that a charity’s usual...
4 August 2020 | Minutes to read: 5

5% of ASX-listed companies delisted in 2019-20

The clampdown on reverse listings and de-listings of long-suspended companies bites listed ASX shells for the year...
4 August 2020 | Minutes to read: 2

Victoria announces Stage 4 restrictions

On 2 August 2020 Victorian Premier Dan Andrews announced a state of disaster for Victoria along with...
24 July 2020 | Minutes to read: 4

Why hiring a virtual CFO can be a game-changer

Given the time pressures of running a business, many startups and even SME’s, can only devote a...
22 July 2020 | Minutes to read: 6

9 common accounting mistakes of fast-growing startups – and how to avoid them

Many startup founders become engrossed in their work and overlook the importance of prioritising their accounting processes....
22 July 2020 | Minutes to read: 3

M&A Valuations – Understanding the “Next Normal”

We’ve heard it time and time again over the last few months, the world is entering a...
22 July 2020 | Minutes to read: 2

ATO focuses in on private company tax issues

Larger private groups are about to come under even more scrutiny from the Australian Taxation Office (ATO)....
6 July 2020 | Minutes to read: 4

The importance of developing a framework for digital innovation and transformation measures

Innovation and transformation have become ‘common place’ words and for many businesses, they’re  interchangeable. Transforming a business...
25 June 2020 | Minutes to read: 4

Take advantage of grants, subsidies and support

With so many grants up for grabs, you may not even realise that you’re eligible to apply....
24 June 2020 | Minutes to read: 4

Digital Transformation – What to consider

For those following at home, you would know that my passion is helping clients achieve their goals....
24 June 2020 | Minutes to read: 2

Accessing the second Cashflow Boost

It feels like only yesterday we were discussing the initial stimulus package from the Federal Government and...
24 June 2020 | Minutes to read: 5

Forecasting with a digital edge in digital age: A focus on algorithms and automation

Our digital hub followers would already be aware of my devoted passion for Big Data analytics and...
23 June 2020 | Minutes to read: 2

The importance of cash flow forecasting and ‘how to’ during COVID19 | Part 2

In this two-part series, William Buck Manager Business Advisory, Eric Flammang, provides his recommendations for monitoring and...
23 June 2020 | Minutes to read: 5

The importance of cash flow forecasting and ‘how to’ during COVID19 | Part 1

In this two-part series, William Buck Manager Business Advisory, Eric Flammang provides his recommendations for monitoring and...
19 June 2020 | Minutes to read: 4

International tax in the time of COVID-19

William Buck Tax Services Director Sharon Grice answers some questions commonly asked by her clients regarding international...
19 June 2020 | Minutes to read: 6

The journey of a tech company to IPO – June 2020

Is an Initial Public Offering (“IPO”) right for you? Assessing if an IPO is right for your...
12 June 2020 | Minutes to read: 3

Adversity Drives Innovation

A reflection on the Biotech Industry’s response to COVID-19 This month, the annual Biotechnology Innovation Organization (BIO)...
10 June 2020 | Minutes to read: 2

William Buck Restructuring & Insolvency completes sale of MyHouse retail business

Michael Brereton and Sean Wengel, the administrators of MyHouse, have successfully completed the sale of the MyHouse...
10 June 2020 | Minutes to read: 3

How a Disaster Recovery Plan can help you adapt quicker

The ability to return to ‘business as usual’ will be influenced by a number of factors including...
9 June 2020 | Minutes to read: 2

Significant Super SA Triple S Tax Saving Strategies

Super SA Triple S is the compulsory superannuation fund for many South Australian Government employees including health...
3 June 2020 | Minutes to read: 2

Scenario Planning – the COVID-19 Wake Up Call

Many business owners are struggling with the effects the ‘invisible enemy’ is having on their enterprise. Those...
2 June 2020 | Minutes to read: 3

Is it time for a financial swab test?

For many doctors, the thought of a health check of their practice and personal wealth can feel...
2 June 2020 | Minutes to read: 3

Tips to advance your financial position during COVID-19

In this time of uncertainty, many practitioners will be wondering how they can manage their finances to...
2 June 2020 | Minutes to read: 3

Rebuilding your practice post COVID-19

Recent data from the Australian Bureau of Statistics has shown that 49% of all Australian businesses have...
2 June 2020 | Minutes to read: 4

What does the Rental Code mean for doctors

The Code On 7 April 2020, the Federal Government announced a mandatory National Code of Conduct on...
2 June 2020 | Minutes to read: 3

30 June deadline remains for foreign residents to apply for the CGT main residence exemption

Chinese translation available here. With EOFY tax deadlines looming and businesses preparing their routine reporting, it’s important...
2 June 2020 | Minutes to read: 3

Reskill & upskill – is your workforce ready for post COVID-19?

The issue of ‘skills gap’ is not a new one for many industries. In light of the...
1 June 2020 | Minutes to read: < 1

Employee leave entitlements – what’s different during COVID-19? Check now and save time later.

As temporary measures were introduced and the Fair Work Act amended, employers were required to quickly make...
1 June 2020 | Minutes to read: 5

What can startups expect with venture capital (VC) funding?

Should we look to China for hints as to what will happen with global VC? For our...
22 May 2020 | Minutes to read: 2

How manufacturers are pivoting in the ‘new normal’

While most businesses are focused on how they can keep the lights on, a few sectors such...
14 May 2020 | Minutes to read: 4

Not-for-Profit Boards – It’s time to rethink your model!

Thought leadership The best performing Boards and Investment Committees (ICs) recognise their primary role is one of...
12 May 2020 | Minutes to read: 3

Victoria passes COVID-19 land tax relief and commercial tenancy obligations

On 1 May 2020, the Victorian Government passed the COVID-19 Omnibus (Emergency Measures) (Commercial Leases and Licences)...
11 May 2020 | Minutes to read: 4

Venture Capital in the wake of COVID-19

As Australia begins to re-open in the wake of COVID-19, there’s much speculation about the economic impact...
11 May 2020 | Minutes to read: 3

Early access to superannuation: what are the risks?

We are experiencing challenging times and extreme levels of uncertainty at present and while Canberra’s early release...
5 May 2020 | Minutes to read: 2

Agricultural sector a source of confidence for South Australia in tough times

For almost 75 years, advisory and accounting firm William Buck has been working with primary producers and...
4 May 2020 | Minutes to read: 3

NFP Financial reporting insights

New SPFS disclosures take effect   Under AASB 2019-4 Amendments to Australian Accounting Standards – Disclosure in Special...
1 May 2020 | Minutes to read: 3

NFP ACNC Activities | May

Annual information statement extensions  The ACNC commissioner has granted a blanket extension to charities with a 2019...
1 May 2020 | Minutes to read: 2

NFP Governance | May

NFP board remuneration  Chartered Accountants Australia and New Zealand has released Remunerating Not-for-profit Directors, which covers key...
1 May 2020 | Minutes to read: 5

NFP COVID-19 | May

Institute of Internal Auditors helpful tools The Institute of Internal Auditors helpful tools: Procurement Integrity (Probity) whitepaper...
30 April 2020 | Minutes to read: 12

Medical Industry COVID-19 FAQs

Each William Buck office has a dedicated team specialising in the health industry. Working with over 1,600...
29 April 2020 | Minutes to read: 4

JobKeeper Program – Startup-specific issues and FAQ

The JobKeeper program is the cornerstone of the Government’s COVID-19 economic response measures, with an estimated cost...
29 April 2020 | Minutes to read: 5

Everything startups need to know about the JobKeeper ‘alternative test’ to qualify

The article was first published in Startupdaily on the 28 April 2020. Ever since the Australian Government...
29 April 2020 | Minutes to read: 5

Data Analytics & E-commerce

There is no denying e-commerce is transforming the way Australians do business. Many businesses dread the idea...
29 April 2020 | Minutes to read: 4

Cloud Computing & E-commerce

It is hard to think of two terms that have been used more frequently in the last...
29 April 2020 | Minutes to read: 3

Digital Readiness – Disruption, Transformation and Extinction

The start of a new decade is always a good time to consider how to prepare your...
29 April 2020 | Minutes to read: 6

E-Commerce Contracts: An Australian Tax Perspective

This article aims at understanding the application of contract law to Australian e-commerce transactions with a focus...
29 April 2020 | Minutes to read: 3

Can the construction industry drive the economic recovery from COVID-19?

The property & construction industry has underpinned Australian economic growth for much of the 2000s. It is...
24 April 2020 | Minutes to read: < 1

Federal Court approves William Buck’s application to extend MyHouse convening period

William Buck Restructuring & Insolvency have obtained orders from the Federal Court to extend the convening period...
23 April 2020 | Minutes to read: 4

What startups need to do with their finances to survive the coronavirus

This information is current as of the publish date, however due to the evolving response to the...
22 April 2020 | Minutes to read: 4

Support in the eye of the COVID storm

This article was first published by Praxity on 9 April 2020 How do you focus on crisis...
22 April 2020 | Minutes to read: 3

Thriving Through Quarantine

As our country locks down and migrates indoors to flatten the curve, our consumer-based economy is suffering....
20 April 2020 | Minutes to read: 2

Choosing the right type of super fund

William Buck’s Wealth Advisory team are often asked by clients what type of super fund is the...
19 April 2020 | Minutes to read: 4

Some considerations for SMSF landlords providing rental relief during COVID-19

Recent developments due to COVID-19 have seen an array of rental reductions, waivers, and deferrals offered by...
14 April 2020 | Minutes to read: 2

Which sectors will be hardest hit by COVID-19?

COVID-19 has had a significant economic impact, the likes of which have not been witnessed for many...
10 April 2020 | Minutes to read: < 1

SA Govt $10,000 Small Business emergency cash grant

The South Australian grants apply to businesses with a payroll of less than $1.5 million, and not...
10 April 2020 | Minutes to read: 17

FAQs on JobKeeper Payment for Employers

This information is current as of the publish date, however due to the evolving response to the...
9 April 2020 | Minutes to read: 3

Super Guarantee Amnesty – take action now!

Given the Government’s recent announcement that many employees will be eligible to access up to $20,000 of...
9 April 2020 | Minutes to read: 4

Federal Government releases commercial tenancies code of conduct

On Tuesday 7 April, the Federal Government released another announcement in response to COVID-19, the Commercial Tenancies...
7 April 2020 | Minutes to read: 3

The six-month safety net for directors – is it a free pass?

As part of the Government’s response to COVID-19, company directors now have a six-month relief from any...
6 April 2020 | Minutes to read: 4

COVID-19 economic response measures and how they will assist SGEs

If you are operating a significant global entity (SGE) which is being impacted negatively by the implications...
6 April 2020 | Minutes to read: < 1

COVID-19 & Life Insurance – can I claim?

Here at William Buck, we’ve received a number of queries from clients asking whether their insurance policies...
6 April 2020 | Minutes to read: 4

COVID-19 | Business hibernation strategies

Businesses around the world are finding themselves in unchartered waters. COVID-19 is having an unprecedented effect on...
31 March 2020 | Minutes to read: 2

NZ Government makes changes to Wage Subsidy scheme to keep workers in jobs

Effective 27 March, modifications to the Wage Subsidy Scheme will apply to ensure people don’t lose their...
29 March 2020 | Minutes to read: 2

NZ announces further assistance with wage subsidies, mortgages and business finance

Wage subsidies Following this week’s Government announcement, wage subsidies will now be available for all employers that...
24 March 2020 | Minutes to read: < 1

Urgent expressions of interest | MyHouse

MyHouse (Aust) Pty Limited (Administrators Appointed) "MyHouse" Michael Brereton and Sean Wengel as administrators of MyHouse seek...
23 March 2020 | Minutes to read: 2

Canberra announces early access to super as part of COVID-19 ‘Safety Net’

Canberra has announced changes that have the potential to affect all superannuation fund members as part of...
23 March 2020 | Minutes to read: 5

Victorian Government’s Economic Survival Package – What it means for you

This information is current as of the publish date, however due to the evolving response to the...
19 March 2020 | Minutes to read: 6

No business is immune to COVID-19: practical tips for your business during a global emergency

This information is current as of the publish date, however due to the evolving response to the...
19 March 2020 | Minutes to read: 4

How NZ’s COVID-19 stimulus can boost your cash flow and provide necessary relief

This information is current as of the publish date, however due to the evolving response to the...
18 March 2020 | Minutes to read: 2

New Zealand pledges $8.7b for business assistance

This information is current as of the publish date, however due to the evolving response to the...
18 March 2020 | Minutes to read: 2

SMEs need more Government support to survive Coronavirus impact

This information is current as of the publish date, however due to the evolving response to the...
17 March 2020 | Minutes to read: 2

NSW pledges $1.6b for business assistance

This information is current as of the publish date, however due to the evolving response to the...
16 March 2020 | Minutes to read: 3

COVID-19 and Business | The challenges and opportunities when operating in a pandemic

This information is current as of the publish date, however due to the evolving response to the...
13 March 2020 | Minutes to read: < 1

Ultra-high net worth wealth management is a key growth area for William Buck SA

Ultra-high net worth is the fastest growing part of William Buck South Australia’s Wealth Advisory business, according...
12 March 2020 | Minutes to read: 2

Coronavirus Stimulus pledges $8.7bn for business assistance

This information is current as of the publish date, however due to the evolving response to the...
3 March 2020 | Minutes to read: 5

Personal Services Income (PSI) – Does it apply to your structure? – Part 1

One of the most common questions we hear is ‘how can I reduce my tax?’. Most people...
3 March 2020 | Minutes to read: 3

Insolvent Trading: the consequences for directors

It is widely considered that Australia’s insolvent trading laws are draconian compared to many of our major...
3 March 2020 | Minutes to read: 3

Sharing economy: Tax Risks for Australian short-stay Hosts

Over the summer holiday break, you or someone you know may have rented out part of/all their...
3 March 2020 | Minutes to read: 4

Early Stage Innovation Company Tax Incentives – Part II: Common Traps to Avoid

This article continues our discussion about the Early Stage Innovation Company Tax Incentives. You can read Part...
3 March 2020 | Minutes to read: 3

Early Stage Innovation Company Tax Incentives – Part I: The Basics and Practical Issues

The Early Stage Innovation Company (ESIC) Tax Incentives have been available to certain investors into qualifying investments...
2 March 2020 | Minutes to read: 4

William Buck’s Healthcare Innovation Lunch facilitates important conversation on medicinal cannabis

Better access to low cost, high quality medicinal cannabis will improve our health, and the Federal Government...
2 March 2020 | Minutes to read: 3

Managing your taxes as a self-employed practitioner

Starting in private practice provides various new obstacles, one of which is managing your own taxes. Do...
25 February 2020 | Minutes to read: 3

How much will you need to retire?

‘How much do I need to retire’ is one of the most common questions we are asked...
24 February 2020 | Minutes to read: 3

Achieving company growth through the R&D Tax Incentive

A key driver of company growth is innovation which is fuelled from undertaking Research & Development (R&D)....
17 February 2020 | Minutes to read: 2

Update on the $1.7m Total Super Balance & Transfer Balance Cap

Australia’s $1.6m Total Superannuation Balance and Transfer Balance Cap are expected to increase to $1.7m on 1...
16 February 2020 | Minutes to read: 3

Mastering client centricity

Note: An extended version of this article was first published on Praxity’s Hub Light Putting customers first...
3 February 2020 | Minutes to read: 3

How to attract VC investment – From the VCs

As part of the 2019 Spark Festival, William Buck hosted “Beyond Series A and B – What...
17 January 2020 | Minutes to read: 5

5 ways to determine if your tech business is optimally structured

Many tech businesses and startups tend to begin their life as one or more founder’s passion to...
20 December 2019 | Minutes to read: 4

When is a trustee’s work done? A registered trustee’s perspective

This article was originally published in the Australian Financial Security Authority PIR Newsletter on 4 December, 2019...
12 December 2019 | Minutes to read: 3

Proposed changes to the R&D Tax Incentive

On 5 December 2019, the Treasury Laws Amendment (Research and Development Tax Incentive) Bill 2019 was introduced...
9 December 2019 | Minutes to read: 3

Four tips to secure adequate cash flow for your startup

Four in ten startups fail in the first five years of business. CB Insights recently dug into...
25 November 2019 | Minutes to read: 3

With great ‘creditor’ power comes great ‘external administrator’ responsibility

Over two years ago, on 1 September 2017, new powers were granted to creditors in external administrations....
13 November 2019 | Minutes to read: 3

Succession planning – realising the wealth of your business

Without a succession plan in place or clear direction, you’re missing out on opportunities to drive growth,...
11 November 2019 | Minutes to read: 3

Are you ready for practice ownership?

Taking the step to owning a practice is both exciting, daunting and many other emotions all at...
28 October 2019 | Minutes to read: 4

5 tips for structuring (and restructuring) startups

“I wish I did that to begin with”. Too often we hear those words from founders looking...
11 October 2019 | Minutes to read: 3

Don’t underestimate the implications of AASB 16 leases

Since the new leases standard – AASB 16 – came into effect earlier this year, it’s presented...
8 October 2019 | Minutes to read: 2

Pricing of international related party product distribution arrangements

If you’re an Australian distributor for a related foreign manufacturer then now’s the time to consider and...
3 October 2019 | Minutes to read: 4

5 tips to maximise SaaS customer renewal rate

How well do you know your customer renewal rate? Also referenced as the ‘Customer Retention Rate’, this...
19 September 2019 | Minutes to read: 3

New manufacturing grant open for SMEs

Are you a small or medium manufacturing company looking to invest in capital equipment and new technologies...
18 September 2019 | Minutes to read: 2

Positive full federal court ruling for companies accessing the Australian R&D tax incentive program

Companies accessing the Australian Research and Development (R&D) Tax Incentive program can now do so with more...
17 September 2019 | Minutes to read: 4

What should the regulators role be when it comes to super funds?

Since the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, there’s been a...
17 September 2019 | Minutes to read: 4

Are you ready to list?

By Lisa Schutz, Founder, Verifier. This article first appeared in Smart Company ‘Five critical questions: Are you...
10 September 2019 | Minutes to read: 2

Aussies in these 32 super funds could be $200,000 worse off by retirement

A common question asked when it comes to superannuation funds is: What performance can you achieve? Before...
9 September 2019 | Minutes to read: 3

Important Queensland land tax update

When considering tax and property investing, many people will tend to consider negative gearing and capital gains...
9 September 2019 | Minutes to read: 2

William Buck expands R&D grants and incentives services for South Australia businesses

Accounting and Business Advisory firm William Buck is bolstering its support of local SMEs undertaking Research &...
19 August 2019 | Minutes to read: 2

Superannuation update August 2019

With the federal election well and truly passed and parliamentary sittings back on, you’re probably wondering on...
16 August 2019 | Minutes to read: 4

The 7 red flags of illegal phoenixing

Illegal phoenix activity involves the process of deliberately liquidating a company to defeat creditors. A company’s assets...
14 August 2019 | Minutes to read: 3

Important changes to lease agreements

Do you work in a finance team, sit on a Board, or are you a business owner?...
14 August 2019 | Minutes to read: 2

Igniting a spark: William Buck announce Spark Festival sponsorship

Commentary from Jack Qi, Director of Tax Services at William Buck and Maxine Sherrin, Program Director, Spark...
6 August 2019 | Minutes to read: 2

The Business SA June quarter survey results; opinion

First appeared in The Advertiser on 6/8/2019 Uncertainty around the federal election result had an impact earlier...
5 August 2019 | Minutes to read: 3

5 common mistakes to avoid for your employee share scheme

By Director of Tax Services Jack Qi and Manager Alex Zinzopoulos It’s fair to say that creating and maintaining an...
5 August 2019 | Minutes to read: 4

How to nail your startup employee share scheme in 5 steps

By Director of Tax Services Jack Qi and Manager Alex Zinzopoulos Given the critical importance of attracting, retaining and incentivising...
18 July 2019 | Minutes to read: 4

Critical business issues facing practices now

As experts in the business side of medicine, we understand that time-poor practice owners tend to neglect...
17 July 2019 | Minutes to read: 7

Homeward bound: why global manufacturers are re-evaluating their ‘shoring’ decisions

This article first appeared in Praxity’s Hub Lite In the last few decades, China has been considered...
11 July 2019 | Minutes to read: 4

Living expenses and the lending landscape

By Malcolm Anderson The recent Financial Services Royal Commission has certainly shaken up the finance industry. One...
11 July 2019 | Minutes to read: 3

Is your Financial Reporting up to standard?

The William Buck Financial Reporting series has wrapped up for the year, providing finance professionals with the...
3 July 2019 | Minutes to read: 3

R&D tax incentive – what software companies must do from here

How to meet the rules and minimise risk Since late 2018, one of the biggest talking points...
1 July 2019 | Minutes to read: 2

Internal promotions drive organic growth across the William Buck group

William Buck have announced the promotion of three new directors and three principals across the group, as...
26 June 2019 | Minutes to read: 3

Seasonal holiday homes on ATO radar this tax season

Commentary from Craig Barry, Director of Tax Services at William Buck Accountants and Advisors Increased sophistication of...
25 June 2019 | Minutes to read: 3

Investment property deduction mistakes at tax time

The ATO are cracking down on investment property deductions this tax season. Here’s two classic mistakes and...
20 June 2019 | Minutes to read: 5

SA state Budget highlights

On Tuesday 18th June 2019, Treasurer, Rob Lucas, handed down the 2019-20 State Budget, being his second...
12 June 2019 | Minutes to read: 3

Governance

Within the NFP sector, there have been several new governance regulations introduced. The below articles provide a...
12 June 2019 | Minutes to read: 2

Financial reporting insights

Applying standards This year is big for NFPs that report in compliance with accounting standards. The following...
12 June 2019 | Minutes to read: 5

Not for Profit News- Fraud & NOCLAR, Ethics, Governments & ATO

Fraud and NOCLAR What good local government integrity frameworks look like A new 88-page research report shows...
3 June 2019 | Minutes to read: 3

Unfair preference payments- protect yourself from the void

What are unfair preference claims? A preference is defined as where a creditor receives payment and the...
3 June 2019 | Minutes to read: 2

End of the Road – Managing the risk of finalising the affairs of a company

A company will reach the end of its useful life for many reasons. Whatever this reason, an...
3 June 2019 | Minutes to read: 4

What Australian Tech start-ups need in the first 100 days

The Minister for Industry, Science and Technology offered to hold a roundtable for tech leaders last week,...
30 May 2019 | Minutes to read: 6

NZ Wellbeing Budget Update 2019

Introduction Finance Minister Grant Robertson unveiled the Government's first Wellbeing Budget in Parliament today. Mental health and...
27 May 2019 | Minutes to read: 3

What does the property market look like post-election?

A trio of positive events for housing affordability in recent weeks has seen the Australian property market...
22 May 2019 | Minutes to read: 3

100-day action plan: a superannuation perspective

In continuing our election coverage, superannuation expert Tricia Kleinig discusses the top five superannuation changes that should...
21 May 2019 | Minutes to read: 3

The 100-day action plan

The top 3 things that should be in Scott Morrison's 100-day action plan With a ‘miracle’ win...
15 May 2019 | Minutes to read: 3

Benchmarking your practice

‘Benchmarking’ is a term that has been around for many years in the business world, and it...
15 May 2019 | Minutes to read: 3

Selling your practice to Millennials

If you’re starting to consider retirement and the sale of your practice, you’re not alone. With the...
14 May 2019 | Minutes to read: 6

The implications of digital health and the emerging models of care

The impact of digital is transforming the Australian health sector by enabling new and emerging models of...
14 May 2019 | Minutes to read: 6

Putting the M into SMEs

This article first appeared in Hub Lite.  Mid-sized businesses (MSBs) are increasingly finding themselves sandwiched between global...
14 May 2019 | Minutes to read: 3

Business as usual or R&D?

Helping innovative entities realise their worth The client Australian designers and manufacturers of AV, education, data, electrical...
13 May 2019 | Minutes to read: 2

Succession Planning for your Business

At some point in the lifecycle of every business (e.g. the retirement of the owner/ founder, personal...
13 May 2019 | Minutes to read: 3

Making Financial Ratios work for your Business

When it comes to understanding trends or issues that are taking place within your business or industry,...
13 May 2019 | Minutes to read: 3

Wealth Accumulation to Retirement

When you’re young, the thought of saving for retirement may be the last thing on your mind....
10 May 2019 | Minutes to read: 4

How a Labor party victory could impact on your property investments

With the Australian Federal Election date set, the 18th May looms close with a change in government...
16 April 2019 | Minutes to read: 4

Five times you might need to spend more than $3,000 on tax advice

Australia’s tax system is complex, meaning the ability for a taxpayer to comply with their obligations can...
10 April 2019 | Minutes to read: 2

Proprietary company reporting thresholds doubled

The Treasury have announced the financial reporting thresholds for determining proprietary companies as ‘large’ have doubled, with...
10 April 2019 | Minutes to read: 4

Our Top 5 ‘must-do’s for Pre-IPO enterprises

Considering an IPO? We’re often approached for professional guidance from pre-IPO enterprises on their path to listing....
4 April 2019 | Minutes to read: 3

30 pc tax plan creates compliance, without the burden

94 per cent of individual taxpayers should have a 30 per cent or lower effective tax rate,...
3 April 2019 | Minutes to read: 2

30pc tax plan is an effective anti-avoidance measure in Federal Budget

Commentary from Greg Travers, Group Director of Tax Services at William Buck Accountants and Advisors A leading...
3 April 2019 | Minutes to read: 2

This Federal Budget, less is more

Sometimes less is more. The temptation for a Government is to feel that they need to announce...
28 March 2019 | Minutes to read: 2

What you can do about Labor’s proposed franking credit reform

With an election looming, it is currently forecast that Labor will take government. Perhaps Labor’s most contentious...
21 March 2019 | Minutes to read: 4

Go global – flip-ups for Australian startups and scaleups

By Director of Tax Services Jack Qi and Manager Alex Zinzopoulos 'Go-global’ is one of the most oft-repeated mantras...
28 February 2019 | Minutes to read: 2

Single Touch Payroll for small businesses

The ATO’s Single Touch Payroll (STP) reporting legislation will come into effect on 1 July 2019 for...
27 February 2019 | Minutes to read: 2

Planning for retirement: part two

As discussed in Part one of this article, retirement planning is more important than ever. A 65-year-old...
27 February 2019 | Minutes to read: 4

The digital health dilemma

The My Health Record controversy will create a digital divide between the ‘opt-in’s’ and ‘opt-outs’ and ultimately,...
27 February 2019 | Minutes to read: 2

Planning for retirement: Part one

With life expectancies across the globe increasing and adults remaining active for longer, having a strong retirement...
27 February 2019 | Minutes to read: 2

Are you missing out on the R&D tax break?

Many Australian businesses may not be aware of a Government tax incentive designed to help them develop...
27 February 2019 | Minutes to read: 3

Strategic planning for your General Practice

Running a general medical practice is tough! Practitioner owners not only need to be across all of...
27 February 2019 | Minutes to read: 2

Improving the heartbeat of your business

How can you create a healthy heartbeat for the teams that operate in your practice? The reality...
27 February 2019 | Minutes to read: 3

Outsourcing as opportunity

Outsourcing has developed a bad reputation over the years. Media coverage of outsourcing practices by high profile...
27 February 2019 | Minutes to read: 2

Is your business structure right for you?

As a business grows, it’s very common for the business structure to lose its suitability. Consequently, it’s...
26 February 2019 | Minutes to read: 3

How much super do I need in retirement?

The average Australian couple will need at least $640,000 of savings at retirement to maintain a comfortable...
26 February 2019 | Minutes to read: 4

Digital marketing can be your competitive advantage – part two

Following on from part one where we discussed the importance of knowing how your brand performs online, this...
26 February 2019 | Minutes to read: 4

Digital marketing can be your competitive advantage – latest MWSG results out now

Stay ahead of your competitors - Latest insights from the Making Western Sydney Report now available Most...
20 February 2019 | Minutes to read: < 1

Not for Profit Newsletter Content | February 2019

Welcome to our first NFP update for 2019.  There are many changes afloat at present which impact...
20 February 2019 | Minutes to read: 2

Not for profit News | Fraud and Noclar

Former Guide Dogs manager convicted A former general manager of Guide Dogs Victoria submitted false invoices for...
20 February 2019 | Minutes to read: < 1

Not for Profit News | ACNC

Charities and politics With federal and NSW elections only months away, some charities might plan to campaign...
20 February 2019 | Minutes to read: 3

Not for Profit News | Financial reporting insights

Amendments to Australian Accounting Standards – Right-of-Use Assets of Not-for-Profit Entities Under the current drafts of AASB...
19 February 2019 | Minutes to read: 5

Not for Profit News | Governance

Within the NFP sector, there have been several new governance regulations introduced. The below articles provide a...
11 February 2019 | Minutes to read: < 1

Royal Commission report update

The Final Report for the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry...
8 February 2019 | Minutes to read: 5

2019 Venture Capital Report

Venture Capital investment in Australia reaches A$3 billion in 2018: William Buck 2019 Venture Capital Funding Report...
8 February 2019 | Minutes to read: 2

A scam – the biggest investment loss you can make

One of the biggest concerns for an investor is losing money. While a vigilant investor will consider...
8 February 2019 | Minutes to read: 2

Avoid the latest scams

A rising number of people are being targeted for various sophisticated scams. The Australian Competition and Consumer...
5 February 2019 | Minutes to read: 4

Sell your property now, or risk a big tax bill

Do you live overseas and own a house in Australia? If so, you may have less than...
5 February 2019 | Minutes to read: 3

Have you received a Director Penalty Notice?

As a director, it’s important that you ensure your company complies with its taxation obligations, or else...
5 February 2019 | Minutes to read: 2

Overseas Travel in Bankruptcy

An important condition placed on all bankrupts in Australia is the restriction on unauthorised overseas travel. An...
5 February 2019 | Minutes to read: 3

Safe Harbour from Insolvent Trading

The Federal Government recently passed new laws that allow directors of financially distressed businesses a new ‘safe...
5 February 2019 | Minutes to read: 2

Director’s Duties

A director has a positive duty to prevent insolvent trading under s588G of the Corporations Act 2001...
5 February 2019 | Minutes to read: 2

Insolvency Warning Signs

Directors should be on the alert for the following warning signs of insolvency, which have been identified...
15 January 2019 | Minutes to read: 2

Impact of digital tax policies on Australian technology companies

As digital services businesses continue to replace bricks-and-mortar retailers, many governments are grappling with how they can...
11 January 2019 | Minutes to read: 2

Small companies may become large as a result of additional assets recognised under the new lease standard

All Australian business leases will be subject to new accounting rules from January 1 2019, which could...
7 January 2019 | Minutes to read: 2

Update on Not-for-Profits accounting for peppercorn leases

On 24 December 2018 the AASB issued an amending standard AASB 2018-8 Amendments to Australian Accounting Standards...
21 December 2018 | Minutes to read: 3

NFP accounting landscape set to change

The already complex accounting landscape for Not-for-Profits, is set to change beginning 1 January 2019, with the...
17 December 2018 | Minutes to read: 7

What does Labor’s negative gearing mean for me?

Reform to negative gearing is one of the key tax policies of the Labor Opposition, and should...
13 December 2018 | Minutes to read: 2

Mid-tier encourages ‘fence sitters’ to innovate

Commentary from Dr. Rita Choueiri, Principal of Research and Development Services and Jack Qi, Tax Director. R&D...
12 December 2018 | Minutes to read: 3

How to get the most out of your Christmas lunches this year

Should you ask any accountant whether your entertainment expenses are deductible, their first reaction is often “No!”...
8 December 2018 | Minutes to read: 2

Want out? Mapping an effective business exit and avoiding deal fatigue

So you’ve reached the point where you want to exit your business. But what is the best...
3 December 2018 | Minutes to read: < 1

Multiple employers forcing you to exceed your super cap?

When someone is employed, their employer is required to contribute 9.5% of their salary into super, to...
3 December 2018 | Minutes to read: 3

SMSFs lowest in a decade

According to ATO historical figures, the number of SMSFs being set up is at the lowest level...
3 December 2018 | Minutes to read: 2

Neglecting buyer due diligence can cost business sellers

Throughout a business transaction process, much time and energy is justifiably spent by the vendor focussing on...
3 December 2018 | Minutes to read: 7

Can we create a business rescue culture in Australia?

This article was written by Michael Brereton and Sean Wengel, Directors and Registered Liquidators at William Buck...
3 December 2018 | Minutes to read: 2

PPSR: Don’t get caught out

Did you register your personal property on the national register when it came into effect in 2012?...
3 December 2018 | Minutes to read: 2

Festive fraudsters risk to businesses

While the Christmas holiday break is traditionally considered a time to unwind and reflect on the past...
3 December 2018 | Minutes to read: 3

Will DINs Burn Illegal Phoenix Activity?

To combat a wide-range of illegal activities, the Australian Government announced targeted Black Economy measures in the...
1 December 2018 | Minutes to read: 5

Digital but Disruptive – what are our Regulatory Considerations?

Reviewed October 2020 Cryptocurrency and its underlying Blockchain technology have created an era of technological disruption. Products...
20 November 2018 | Minutes to read: 2

Government cuts red tape for Small-to-Medium Enterprises

New Thresholds for Financial Reporting of Large Pty Ltd Companies Under the Corporations Act Commentary from Nicholas...
13 November 2018 | Minutes to read: 4

Employee Share Schemes for SMEs

Reviewed October 2020 Overview Employee share schemes have been around for some time now but have become...
13 November 2018 | Minutes to read: 4

Family Matters

As you step into Leo Tutt AM’s office, you’re immediately welcomed with a warm sense of family...
13 November 2018 | Minutes to read: 2

The ‘sleeper’ of Division 7a changes

Commentary from Greg Travers, Director of Tax Services & Head of the Network Tax Group. A tax...
13 November 2018 | Minutes to read: 2

Old loans into Division 7a an ‘Achilles Heel’ for private business

Commentary from Greg Travers, Director of Tax Services & Head of the Network Tax Group. A tax...
13 November 2018 | Minutes to read: 2

Mid-tier launches tax reform resource centre

Commentary from Greg Travers, Director of Tax Services & Head of the Network Tax Group. Australian private...
9 November 2018 | Minutes to read: 5

Taxation for Private Companies set for major shakeup

The following commentary is attributed from Greg Travers, Director of Tax Services and Head of the Network...
25 October 2018 | Minutes to read: 2

Health Innovation Series drives NSW Government MedTech strategy

Congratulations to NSW Government who announced their medical technology development strategy 2018 yesterday, with the aim of...
27 September 2018 | Minutes to read: < 1

What you should know about the Victorian economy right now

The sold out 2018 HIA Construction Outlook Breakfast was held in Melbourne on Wednesday, with Victorian Treasurer...
31 August 2018 | Minutes to read: 5

Teachings from my Father I bring to the boardroom

For many of us, our fathers are our first teachers and the pillars of our values. This...
7 August 2018 | Minutes to read: 2

Maximising the sale value of your business

Everyone wants top dollar when it comes to selling their business. This is understandable considering the business...
7 August 2018 | Minutes to read: 5

Boom or bust Property traps in retirement

As retirees look to other sources of income to supplement their retirement, many older Australians may be...
19 July 2018 | Minutes to read: 2

Tips to improve the relationship between a CFO and a board

Chief Financial Officers hold an integral position within an organisation’s most senior ranks but communication breakdowns can...
11 July 2018 | Minutes to read: 3

Client-First Mindset Fuels Growth for William Buck SA

Already ranked among SA’s largest accounting and advisory firms, William Buck Adelaide is looking to cement its...
6 July 2018 | Minutes to read: 2

The benefits of having equal super balances

It’s not uncommon for members of a couple to have very different super balances. Depending on a...
26 June 2018 | Minutes to read: 2

What is Practice Incentives Program

The Practice Incentives Program (PIP), is an Australian Government incentive introduced by the Department of Health Services....
26 June 2018 | Minutes to read: 2

What is a service entity ?

Medical Service Entities: A Refresher The topic of service entities is one that we are asked about...
22 June 2018 | Minutes to read: 4

How Praxity firms are helping NFPs

This article first appeared in the Praxity Newsletter LOOP The not-for-profit (NFP) sector faces an increasingly complex...
22 June 2018 | Minutes to read: 4

The top 3 things on an SMSFs mind

With small changes announced in the Budget and the release of the Draft productivity report into superannuation, superannuation...
22 June 2018 | Minutes to read: 4

Is your accounting system holding you back?

The Australian accounting software market is estimated to be worth over $500 million a year, so it’s...
22 June 2018 | Minutes to read: 2

R&D Tax myths de-bunked

Reviewed October 2020 One of the key highlights of this year’s Federal Budget was the Government’s increased...
22 June 2018 | Minutes to read: 3

Small business CGT rules deferred

What makes good tax policy?  At William Buck, we believe that as a minimum it shouldn’t impact...
22 June 2018 | Minutes to read: 4

Future proofing your business cyber safety

Digital transformation within your business, presents opportunities to streamline activities and create efficiency. However, understanding threats and...
21 June 2018 | Minutes to read: 2

GST on low value goods – how it impacts non-resident businesses with Australian customers

The change From 1 July 2018, supplies of low value goods (with a value of AUD1000 or...
1 June 2018 | Minutes to read: 2

Year End Tax Planning Considerations for Medical Practitioners

With the End of Financial Year (EOFY) around the corner, it’s time to start thinking about how...
1 June 2018 | Minutes to read: 3

Service Entities Tips and Traps

Service Entities - Tips and Traps When doctors establish their own practice, start taking rooms, employing staff...
1 June 2018 | Minutes to read: 4

How technology is changing the healthcare sector

The changing shape of healthcare With a steady aging population, staff shortages, rising care costs and funding...
1 June 2018 | Minutes to read: 4

Budget 2018-19 Update

How do the Budget 2018 announcements affect you? Jennifer Rees Manager at William Buck, outlines the impact...
18 May 2018 | Minutes to read: 4

NZ National Budget Update 2018

Introduction Budget 2018 build's on their initial “100-Day” Plan and prioritise 5 key areas: Rebuilding critical public...
15 May 2018 | Minutes to read: 2

Federal Budget 2018: Potential changes to R&D tax incentive

In recent comments to the Australian Financial Review, Treasurer Scott Morrison has revealed there will be changes...
12 May 2018 | Minutes to read: 2

Compliant SMSF’s are budget winners, but auditors have questions

Commentary from Charis Liew, Head of Superannuation Services at William Buck Chartered Accountants and Advisors and Robert...
10 May 2018 | Minutes to read: 3

More compliance burden for R&D Incentive claimants

Federal Budget papers released by the Australian Government on Tuesday, reveal that R&D tax incentive claimants including...
10 May 2018 | Minutes to read: < 1

For SMEs, Budget silence is golden

Small to Medium Enterprises across the nation can get on with running their business, after Tuesday's Federal...
9 May 2018 | Minutes to read: < 1

The Budget for Millennials


4 May 2018 | Minutes to read: 2

Victorian Budget signals warning for residential construction industry

Comments from Neil Brennan, Director of Business Advisory at William Buck Chartered Accountants. The residential construction industry...
2 May 2018 | Minutes to read: 2

Don’t cap funding to R&D – Improve the integrity of the system that supports it

R&D experts are urging government to rethink administrative functions of the R&D Tax Incentive Scheme, rather than...
2 May 2018 | Minutes to read: 3

Budget 2018: A tax list without the sugar on top

Originally Published in The Australian, May 7 2018. This week’s Federal Budget is a pre-election budget and...
27 April 2018 | Minutes to read: 2

How do you stay cyber safe?

Quick Tip #4 Have clear policies and procedures in place These days the world cannot function without...
18 April 2018 | Minutes to read: 2

How do you implement business strategy?

Quick Tip #3 Plan a strategy with a clear set of directions Most business have a strategy...
18 April 2018 | Minutes to read: 2

Tax planning and the R&D Incentive

Reviewed October 2020 Background The Research & Development (R&D) Tax Incentive was introduced by the government to...
18 April 2018 | Minutes to read: 3

Oops Something went wrong

The Office of the Australian Information Commissioner (OAIC) recently released the first quarterly report since the introduction...
18 April 2018 | Minutes to read: 4

Cryptocurrency theres a tax for that

The greatest paradox of the decentralised technology of cryptocurrencies such as Bitcoin, is government intervention. While the...
18 April 2018 | Minutes to read: 4

Changes to small business CGT concessions

Major changes to small business CGT concessions Will you or your client ever sell shares in a...
18 April 2018 | Minutes to read: 3

Renovating Property for Profit

Understanding how profits will be treated for tax purposes is important before renovations start. The hot property...
18 April 2018 | Minutes to read: 4

What tax rate applies to my company?

With all the media attention on whether the company tax cuts will pass through Parliament, you’d be...
16 April 2018 | Minutes to read: 2

Building brand equity at board level

Driving brand value within an organisation should not be the sole responsibility of the marketing department, a...
12 April 2018 | Minutes to read: 2

Creating and maintaining a Board for the times

A board not in step with its organisation’s lifecycle can become a major impediment to business growth,...
10 April 2018 | Minutes to read: 2

How can you improve customer experience?

Quick Tip #2: Create zero-friction by redesigning processes Without customers, a business would cease to exist.  Therefore,...
3 April 2018 | Minutes to read: < 1

How can you make better business decisions?

It is hard to imagine a more stressful and complicated environment than a fighter jet.  Along with...
1 April 2018 | Minutes to read: 3

Producing meaningful dashboard reports

Identifying measures that matter Today, accounting systems have allowed improvements in decision-making and performance due to their...
1 April 2018 | Minutes to read: 3

Issues to Consider when Establishing a Precinct

A medical precinct is the term given to the area where a grouping of medical and allied...
1 March 2018 | Minutes to read: 10

Not for Profit News Autumn 2018

Government Notifiable Data Breaches scheme begins operationThe Notifiable Data Breaches (NDB) scheme under Part IIIC of the...
1 March 2018 | Minutes to read: 2

Valuing your practice

If the thought of retirement is sitting at the back of your mind, you are not alone....
1 February 2018 | Minutes to read: < 1

What do the changes to the corporate tax rate mean for the R&D Tax Incentive?

If you’ve heard about the Australian Government’s plans to progressively reduce the corporate tax rate from 30%...
15 January 2018 | Minutes to read: 3

Purchasing your practice premises in your SMSF

With the recent changes to superannuation legislation, more investors are looking for alternative strategies to accumulate wealth...
8 January 2018 | Minutes to read: 5

Changes to the company tax rate

The change in the company tax rate from 30% to 27.5% is welcome news for many small...
1 January 2018 | Minutes to read: 13

Not for Profit News Summer Edition 2018

Welcome to the Summer Edition of NFP News Report urges caution when donatingThe Australian Competition and Consumer...
1 December 2017 | Minutes to read: 3

Income Splitting The Facts vs The Fiction

As a medical professional, the income you earn is deemed as personal services income or “PSI”. PSI is...
1 December 2017 | Minutes to read: < 1

GP Practices and Pathology Rents

The war between GP practices and Pathology Collection Centres is back in the spotlight as the Federal...
6 November 2017 | Minutes to read: 5

New ATO view on private use of Utes and vans

The popularity of utes and vans in Australia is undeniable, but so too is the pursuit of...
3 November 2017 | Minutes to read: 3

Salary Packaging Myths Unraveled

Salary packaging can be a great way for doctors to get ahead financially, but many simply don’t...
2 November 2017 | Minutes to read: 3

What can I claim if I travel ?

Have you ever wondered whether you can claim tax deductions for your travel expenses for a recent...
2 November 2017 | Minutes to read: < 1

Can I claim my travel costs for job interviews?​

It is common for individuals to incur expenses while looking for a new job and attending interviews,...
1 September 2017 | Minutes to read: 3

How do we invest more in cancer research?

It’s estimated that over 134,1741 new cancer cases will be diagnosed this year in Australia.  Translating research...
1 September 2017 | Minutes to read: 2

2016 Physio Benchmarking Survey

In 2016, William Buck in conjunction with the Australian Physiotherapy Association, conducted a benchmarking study on physiotherapy...
21 June 2017 | Minutes to read: 2

How to calculate you motor vehicle expenses

The Cents per kilometre and Logbook Methods One of the most common topics we are asked about...
1 June 2017 | Minutes to read: 17

Not for Profit News Winter Edition

Welcome to the Winter Edition of NFP News. I hope that you are coping with the cold...
1 May 2017 | Minutes to read: 3

Structuring your car ownership

We all want a brand new car and the car salesman agrees we need one, however, being...
1 May 2017 | Minutes to read: 3

Saving the medical innovation funding crisis

Australia needs to look to the entrepreneurial approach of the United States to encourage more funding when...
1 May 2017 | Minutes to read: 2

Ophthalmologic care in indigenous communities

On Sunday, 26 March 2017, William Buck and Hadassah Australia hosted a joint dinner which featured a...
1 May 2017 | Minutes to read: < 1

ATO still looking at Doctors-Income

On 15 March 2017, the ATO published an information sheet titled "Lump sum payments received by healthcare...
30 April 2017 | Minutes to read: 3

Simplified Transfer Pricing Record Keeping Options

From 1 July 2014, Australia’s transfer pricing law obliges Australian taxpayers to structure their international related party...
30 April 2017 | Minutes to read: 5

Significant Global Entities New Income Tax Regime

Is your business a member of an international group with annual consolidated worldwide revenue of AUD$1 billion...
30 April 2017 | Minutes to read: 3

Legislation Introduced for a Diverted Profits Tax

The Australian government has recently passed new legislation to implement a Diverted Profits Tax (DPT) on Significant...
30 April 2017 | Minutes to read: 3

Australia’s new Significant Global Entity rules

Does your business have an annual global income of AUD$1 billion (or approx. EUR€670 million, USD$700 million,...
27 April 2017 | Minutes to read: 3

What makes an effective employee share plan?

Reviewed October 2020 There are many factors that impact on an employee’s commitment to a business, with incentive...
1 March 2017 | Minutes to read: 3

The Latest in PTSD Treatments

Described by media as a ‘rampage,’ last month’s fatal car attack on pedestrians in Melbourne’s Bourke Street...
1 March 2017 | Minutes to read: 5

Next Generation therapies for epilepsy treatment

A new wave of research is uncovering cutting edge therapies for the treatment and management of epilepsy...
1 March 2017 | Minutes to read: 3

Make Your Super Contributions Work Harder

Are you making the most of your superannuation contributions or confused by all the recent changes proposed?...
1 November 2016 | Minutes to read: 2

Starting in private practice Tips on tax treatments

When looking to commence private practice – either as a contracting doctor, specialist, buying into a practice...
1 November 2016 | Minutes to read: 5

Medical Clowns on the Roster for Kids in Israel

Across Israel, clowns are popping up in emergency rooms, operating theatres and rehabilitation hospitals.  And while it...
1 November 2016 | Minutes to read: 3

Health Industry lacking incentive to innovate

Touted as the opportunity for Australia to be a global leader in health innovation, the proposed ‘MedTech...
1 November 2016 | Minutes to read: 4

Survival guide to rent control for pathology centres

The Australian Government’s recent deal with Pathology Australia effectively ‘controls’ the amount of rent GP practice owners...
1 October 2016 | Minutes to read: 5

Capital gains tax on Property Transactions

Property developers have long been on the Australian Taxation Office’s (ATO) hit list due to the much...
1 October 2016 | Minutes to read: 3

5 tips to avoid an R&D claim review by AusIndustry

The Research and Development (R&D) tax incentive scheme promotes and boosts innovation, research and development, and productivity...
1 June 2016 | Minutes to read: 2

Super Stream

The Australian Tax Office (ATO) has extended the deadline for small to medium employers to implement SuperStream...
1 June 2016 | Minutes to read: 3

Review your contracting arrangements

It has been common over many years for medical practices to engage practitioners on a contracting basis. ...
1 June 2016 | Minutes to read: 2

Practice Financial Statements Essentials

As more and more pressure is placed on GP practices in the current environment, the ability to...
1 June 2016 | Minutes to read: < 1

Minimum wage increase 1 July 2016

On 31 May 2016 the Fair Work Commission released its annual wage decision. As a result there...
24 May 2016 | Minutes to read: 6

Superannuation Update May 2016

Key considerations for SMSF trustees before 30 June 2016 As the end of the financial year quickly...
5 April 2016 | Minutes to read: 3

Legitimate use of tax havens?

There is no question that many of the individuals and businesses that set up entities in tax...
15 December 2015 | Minutes to read: 3

How a Skincare Company Defied the Odds to Become the Top IPO in 2015

Until early November, few people had heard of BWX Limited, a hair, body and skincare manufacturer based...
15 December 2015 | Minutes to read: 3

From Family Farm to Global Tourism Experience

When luxury South Australian tourism facility Kangaroo Beach Lodges launched its newest offering recently – a state-of-the-art...
23 November 2015 | Minutes to read: 5

10 Accounting tips for newly appointed Barristers

There are number of key accounting, tax, insurance and financial considerations when starting out your career as...
9 October 2015 | Minutes to read: 3

Travelling for Work – What can I claim?

Whether you are a sole trader, operate through an entity or work as an employee, you will...
9 October 2015 | Minutes to read: 3

Understanding Your Practice’s Profit Drivers

With Medicare rebates frozen until July 2018, medical practices need to look at ways to maintain profit...
1 May 2015 | Minutes to read: 2

Are You Maximising The Accelerated Write-Offs For Water Facilities Assets?

Special rules exist to allow up-front tax deductions in relation to capital expenditure incurred on water facilities...
1 October 2014 | Minutes to read: 3

Investing in Property

As speculation grows regarding the state of the property market this year, we are seeing lots of...
15 August 2014 | Minutes to read: 3

Divide The Farm, Not Your Family

While it’s becoming more common, splitting a multi-generational family farming enterprise into individual businesses is never an...
11 June 2014 | Minutes to read: 3

Recent regulation changes to Insurance within Super

From 1 July 2014 a new superannuation rule comes into effect which will prohibit a trustee of...
13 April 2014 | Minutes to read: 3

Divorce and tax a big problem or a bigger opportunity?

Transferring assets between spouses as part of a divorce does not always mean 0% tax. Rollovers and exemptions...
1 April 2014 | Minutes to read: 3

Year end tax planning are you ready

As the year marches on towards 30 June, you may begin to wonder “Am I paying too...
1 April 2014 | Minutes to read: 4

Smart ways to acquire property in super

Recent years have seen a significant increase of individuals moving their retirement savings from larger retail funds...
16 January 2014 | Minutes to read: 5

New Transfer Pricing Rules in Australia

1. Introduction The Australian transfer pricing rules have been comprehensively overhauled for the first time in 30...
1 January 2014 | Minutes to read: 3

Personal Property Securities Act

Introduced in January 2012, the Personal Property Securities Act (PPSA) has transformed the manner in which personal...
1 October 2013 | Minutes to read: 3

Restructuring to Reduce Tax Fact or Fiction

We have all heard the saying, if it sounds too good to be true, it usually is. ...
1 October 2013 | Minutes to read: 3

How healthy is your practice

Any time is a good time to review your practice’s performance and make adjustments to your strategic...
1 October 2013 | Minutes to read: < 1

Deferral of self education cap

On 13 April 2013, Former Federal Treasurer Wayne Swan proposed that tax deductions available in relation to...
1 September 2013 | Minutes to read: 4

Capital gain deemed to be a revenue gain – why intent is important

Many people would assume that a gain made on the sale of a rental property held for...
1 June 2013 | Minutes to read: 3

New transfer pricing rules introduced

The Australian Government has introduced the Tax Laws Amendment (Countering Tax Avoidance and The Australian Government has...
1 March 2013 | Minutes to read: 3

Setting the records straight

Over the past decade welcome relief has been afforded to small private companies through a range of...
1 March 2013 | Minutes to read: 2

SMSF Trustee On top of your obligations

With the latest statistics released from the ATO showing that self-managed superannuation fund (SMSF) Trustee’s control nearly...
1 September 2012 | Minutes to read: 4

Employee share schemes for private companies

Employee share and option arrangements are recognised around the world as a unique and effective way to...
1 January 2012 | Minutes to read: 3

Leverage your SMSF investments

As superannuation legislation becomes increasingly restrictive, more people are looking for alternative strategies to accumulate wealth in...
1 January 2012 | Minutes to read: 2

What tax exemptions apply to transitional residents?

An individual who is a transitional resident qualifies for a four-year income tax exemption on certain foreign-sourced...

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