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PKF Australia

Accountants and Business Advisers

Our Blogs

28 12 2017

Corporate Governance

Governance is elementary … or is it? Alongside ‘entrepreneurship’ and ‘innovation’, I wonder if you agree with me that ‘governance’ is one of today’s most frequently used phrases yet at the same time, one of the most misunderstood. If you search for the term in Google, you will get nearly 61 million hits to choose from. So, what exactly is corporate governance?

27 12 2017

Significant Global Entities versus the ATO

Tax avoidance by multinational corporations remains a contentious issue for the Australian Taxation Office (ATO). An article in the Sydney Morning Herald back in April 2016 revealed that large multinational companies had reduced their tax bill by a combined $5.4 billion across 2013 and 2014 by offloading profits to offshore divisions.

27 12 2017

The Concept of a Reporting and Non-Reporting Entity

Some listed companies use a general purpose financial report (GPFR) as a marketing document to promote their activities and demonstrate their social responsibility and standing within the community. Non-reporting activities could also produce a GPFR to promote themselves in a similar way.

27 12 2017

Hunting for the real value of goodwill….

Potential investors and analysts tend to eliminate balances such as intangible assets and impairment expense when determining their own assessment of the goodwill of relative businesses.

27 12 2017

Enhanced Whistleblower Protection - New legislation looms in 2018

Many companies use an outsourced whistleblower hotline that provides an independent, fully resourced 24/7 service staffed by experienced investigators...

21 12 2017

Creating Value with Data Strategy

An effective data strategy can deliver a sustainable competitive advantage and create significant value for your business.

21 12 2017

Do you 'really' know who you are doing business with?

Our business intelligence service can help minimise your organisation’s risk. In addition to fundamental financial, legal and operational due diligence it is increasingly imperative to conduct the 4th arm of due diligence – reputational or business intelligence.

21 12 2017

My head is in the clouds...It's a great view but what happens now?

Business owners and managers (and their accountants) have more accurate information, available sooner and with less time and effort required to generate it than in the past.

21 12 2017

The Value of Financial Advice

It is important to understand that the value of good financial advice will take the form of both tangible and intangible outcomes and can’t simply be defined by an investment return.

21 12 2017

Safe Harbour Legislation

The underlying aim of the Safe Harbour is to achieve a better outcome for the Company and have an opportunity to explore various turnaround strategies rather than immediate appointment of Liquidator or Voluntary Administrator.

21 12 2017

NSX - An Alternative Worth Considering

The National Stock Exchange of Australia (NSX) is the second largest listing exchange in Australia.

21 12 2017

Proposed Downsizer Super Contributions

There was a proposed measure publicised in the 2018 budget which would allow super contributions to be made from downsizing the family home. This measure has not yet been passed and is currently not available to be utilised.

21 12 2017

Why do I need a coach?

A good coach will challenge you to reach higher or push harder, they won’t just say yes to all your ideas but rather ensure you consider other alternatives and select the best idea, and they will offer sound advice and direction from a position of experience and independence.

21 12 2017

Reduced Company Tax Rate and Franking Rate Confusion

It is essential that a company knows what its correct tax rate is– not just for lodging and paying its tax for the year, but for determining the appropriate rate at which distributions to shareholders should be franked.

07 12 2017

Single Touch Payroll – Are You Ready?

The Australian Taxation Office (ATO) is making changes to the way employers report payments, meaning they will need to report this information directly to the ATO from their payroll solution in real time (i.e. on or before the date a payment is made).

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