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PKF Australia

Accountants and Business Advisers

Our Blogs

15 04 2019

Large company thresholds for ASIC reporting have increased

On 4 April 2019 the Corporations Regulations were amended to increase the thresholds for those companies who are considered ‘large’ for the purpose of lodging financial reports with ASIC. The changes have doubled the thresholds in an attempt to ease the financial reporting burden on private companies and come into effect from 1 July 2019.

21 03 2019

The cost of compliance – can you afford not to comply?

Whilst the Anti-Money Laundering and Counter-Terrorism Act (AML/CFT Act) has been in force for almost two decades, compliance with this law and its rules has never been more important for the club industry. Regulator AUSTRAC has made the club industry aware that moving forward, they will have an increased focus on compliance by the industry to adhere to the AML/CTF rules.

15 03 2019

Labor’s Proposal to Shorten Franking Credit Cash Refunds

Current Labor leader Bill Shorten vowed in March 2018 that if Labor won the upcoming federal election, they would abolish cash refunds for excess imputation credits paid to superannuation funds and individuals.

27 02 2019

Neglecting procurement strategies is the equivalent of ‘leaving money on the table’

Effective procurement strategies can help to reduce the risk of potential contract fraud and will also deliver robust processes that are flexible to your organisation’s operating environment, delivering tangible value and opportunities. However, it is common to not have a strategy in place, leaving an organisation open to overcharging from your supplier base.

27 02 2019

Return to Work SA (WorkCover) Reform

Return to Work SA (RTWSA) have recently announced changes to the end of year process that are due to come into effect for the 2019-20 financial year.

27 02 2019

The Spotlight on Safe Harbour

It is important directors, their accountants and advisers educate themselves on the relatively new Safe Harbour provisions and the important protections this mechanism of the law provides.

25 02 2019

Whistleblowing In The Boardroom l Part 1

Integrity in the workplace has come under the spotlight in 2018, bringing about a need for significant cultural change in both public and corporate entities operating in Australia.

25 02 2019

The Christmas Cash Flow Crunch

Whilst the Christmas festive period can be the busiest and most profitable season of the year for some industries, ironically it also puts a massive financial strain on many businesses which roll into the new year.

25 02 2019

Client Profile - Feros Group

As a business owner, there are many things that we can learn from FG’s success. We summed up the top five that you can take away and apply to your own business:

25 02 2019

Property Never Goes Backwards (Or Does It?)

Is now a good time to buy an investment property?

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