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PKF Australia

Accountants and Business Advisers

Our Blogs

31 03 2020

JobKeeper Payments - Financing the gap between now and the cash splash

This is relevant to banks, financiers and business owners making advances to pay employees for businesses to survive. Borrowers applying for loans should make sure their financier knows about section 560 because it might get the loan over the line quickly.

30 03 2020

JobKeeper Payments - Australian Government Stimulus

The announced JobKeeper initiative is a subsidy program to support employees by providing a safety net of income support and to retain engagement with employers.

25 03 2020

Pharmacy: Industry Update

With over 15 years’ experience in the pharmacy industry, we understand the unique challenges that pharmacists face and have created a tailored guide to the Australian Stimulus (released on Tuesday, 24 March 2020) and the business challenges you are likely to face as we, as a nation, attempt to flatten the curve of COVID-19.

24 03 2020

Australian Government Stimulus Package Passed by Parliament

The Australian Government Stimulus Package has been passed by Parliament and the incentives it provides are now accessible by eligible organisations and individuals. At PKF, our team of specialist accountants will help you understand what benefits and incentives you can access to help you through these unprecedented times.

23 03 2020

Government announces $66 Billion COVID-19 Stimulus Package

The Government has introduced a further $66 billon initiative to assist small to medium businesses given the uncertainty and economic impact of COVID-19. The second stimulus package may be segregated into the three broad target areas: Individuals & households. Business and Banking and credit.

20 03 2020

Has Your Business Been Affected By Coronavirus?

The Australian Government has announced a $17.6 billion economic plan to keep Australians in jobs, keep businesses in business and support households and the Australian economy as the world deals with the significant challenges posed by the spread of the Coronavirus.

20 03 2020

Planning For Disasters

Whilst the world responds to the COVID-19 outbreak, it is vital businesses take proactive steps to develop a disaster plan. We have prepared some insights into how your business can maintain business continuity, ensure the health and well-being of your teams and sustain employee productivity during these uncertain times.

20 03 2020

Business Distress In Face Of Covid-19 Uncertainty

What decisions each business needs or takes will differ but in these unprecedented times, there should be no measures off the table.

18 03 2020

Foreign Residents Removal Of The CGT Main Residence Exemption

The Capital Gains Tax (CGT) main residence exemption for foreign residents has been removed with effect from on 9 May 2017. However, there are some limited exceptions.

16 03 2020

An Auditor’s Tips On Cybersecurity

In a digital world protecting your systems, network and programs from digital attacks is crucial. Practising cybersecurity is like locking your door, leaving a lamp on and installing a robust security system. As an auditor we play a critical role in helping our clients manage their cybersecurity, finding the gaps in digital processes and ensuring security standards are met. So, what should you be doing?

13 03 2020

Australian Government Stimulus COVID-19

In response to the COVID-19 pandemic, the government has announced its plan to implement a $17.6 billion stimulus package to support businesses and boost the economy.

12 03 2020

The Impact Of Share-Based Payments On Financial Performance And Valuation Considerations

Understanding the valuation impact of Share-based Payments before they are issued or agreed as part of a transaction is an important consideration before entering into a binding agreement regarding the terms of any equity issued in lieu of cash payments.

11 03 2020

Bush Fires And Business Interruption

Understanding a business’ access to financial resources is essential in determining whether it can persevere through the temporary business interruption caused by the bush fires.

11 03 2020

The Future For Pharmacies In The Seventh Community Pharmacy Agreement

It is estimated that the introduction of double dispensing will reduce the gross profit of the average pharmacy by $85,000 should the proposed changes come into play.

11 03 2020

Single Touch Payroll – ‘Big Brother’ Is Watching. Are You Ready?

The other aspect that businesses need to take notice of is that the ATO is going to use the data that they collate from STP. If the ATO find an issue with a business not paying superannuation guarantee on time, they will launch investigations into the business’ history.

11 03 2020

The Benefits of Good Governance

WeWork is a classic example of an organisation transitioning from purely founder-led or director-driven operations to well-rounded, balanced businesses where management and ownership are appropriately separated.

11 03 2020

Avoid ATO Penalties And Ensure Your ATO Obligations Are Lodged On Time

If an SMSF tax return for 30 June 2019 and/or prior years is outstanding for more than 14 days, the ATO will now remove the SMSF’s compliance status from Super Fund Lookup. This status will remain until any overdue lodgements have been brought up to date.

11 03 2020

Foreign Residents And The Removal Of The CGT Main Residence Exemption

The change in the law means that a taxpayer who is a foreign resident at the time of the CGT event can no longer claim the CGT main residence exemption, unless, at the time of the CGT event the taxpayer had been a foreign resident for less than six years and one of three life events applies.

11 03 2020

Client Profile - Arriba Group Continues To Aim Big

As a Chilean migrant having overcome adversity, racism and hardships as a child, Marcella Romero embraced inclusion as a key value from an early age. Wanting to ensure that people with physical and mental health injuries/disabilities were treated with an equal level of respect in workplaces and the community is what led her to launch her first company, Rehab Management, in 1998.

10 03 2020

Key Values to Consider When Establishing a Procurement Framework

Procurement is an area of business which, while necessary, is often seen as a cost burden. An effective procurement framework can help ensure that this is not the case, by guiding behaviour in such a manner as to ensure regular value and enhanced relationships in the supply chain.

02 03 2020

Superannuation Amnesty Bill Passes Parliament

Employers are set to get six months to disclose any unpaid superannuation before tougher penalties apply.

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