This instalment of our Leases series is all about the lease payments. Under AASB 16 Leases, lessees are required to recognise most leases on balance sheet as a right-of-use asset with a corresponding lease liability.
Welcome to the first edition of The Bottom Line, our quarterly newsletter that aims to keep you in the loop with all the latest accounting and financial reporting developments, and the potential impact they may have on your business.
With an election looming, this year's Federal Budget sent a clear message to voters that it was setting the course for a better and brighter Australia. Download our Alert which provides a succinct summary of the announcements related to personal and business taxation, tax compliance and superannuation.
Marcus is head of the Perth firm’s Audit and Corporate Advisory division. He has a wealth of experience in audit, corporate services and financial reporting matters. Prior to joining the firm in 2003, Marcus was the financial controller for a publicly listed company in the resources sector. Marcus is the author of HLB Mann Judd’s IPO Watch Australia and IPO Watch Mid-Year Reports.
Mitchell has over 10 years experience in all areas of superannuation, particularly self-managed superannuation funds. He is an accredited superannuation fund specialist with the Institute of Chartered Accountants Australia and New Zealand and heads the Superannuation Fund division of the Wollongong firm. Mitchell also has comprehensive knowledge and experience in estate planning and personal taxation.
Bill has considerable experience working with medium sized enterprises including locally owned business and Australian subsidiaries of foreign business. With a high level of expertise in the legal, entertainment, healthcare, freight forwarding and air transport sectors, Bill has built a strong reputation for developing a thorough understanding of his clients’ businesses and the circumstances that are most particular to those businesses.
Forming a collaborative working relationship with venues is a component of the audit process that Nick sees as being essential for understanding his clients goals, effectively improving their overall business structure and in turn their bottom line. His broad industry experience, coupled with his strong analytical skills have been invaluable when working with Boards and Management to implement risk management and business improvement strategies.
Melinda has significant experience in a number of specialist areas including the tax and compliance obligations of SMSFs. She also takes special interest in educating fund members on the effects of recent legislative changes and how best to structure their SMSFs.
Located in the Melbourne firm, Aaron primarily works with clients running family-owned businesses. He therefore has a deep understanding of the different dynamics in which they operate. Aaron has been recognised for his succession planning skills, particularly the issues surrounding control and inter-generational wealth transfer within families.
It is imperative that organisations must have robust financial management practices, to facilitate in key decision making processes in order to achieve its business objectives, whilst minimising key finance related risks.
The latest 2019 Year end strategies focuses on maximise your tax savings for 2018/19 and how to start planning fresh for next year.
All of the latest tax news for May 2019. This Alert addresses ABN investigations, FBT update, rental deductions, plus more.
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