PKF Australia

Accountants and Business Advisers

Our Blogs

14 Feb 2018

Quarterly Insights: Australian Food Manufacturing & Distribution

PKF Melbourne Corporate Finance are pleased to present the Food Manufacturing & Distribution Insights for the December 2017 quarter, including a review of key mergers and acquisitions activity and observed trends impacting growth in the industry.

13 Feb 2018

Does your version of retirement involve a gradual exit? What are you doing to engage the next generation of leaders?

If you want to scale back your hours but retain your business, you’re going to need to identify, motivate and build up the next leader(s) – preferably someone who can take the business to a higher level.

06 Feb 2018

Are you thinking of changing from sole trader to a company?

As your business develops you may need to adapt to changing needs. One common change is moving from a sole trader to a company business structure. Company vs sole trader: what’s the difference?

06 Feb 2018

Superannuation: what employers need to know

Superannuation is money you pay for your workers to provide for their retirement. Generally, if you pay an employee $450 or more before tax in a calendar month, you have to pay super on top of their wages. The minimum you must pay is called the super guarantee (SG).

06 Feb 2018

Do you provide cars, holidays or club membership to your employees?

Rewarding your employees beyond their usual salaries is a great way to show your appreciation for a job well done. If you do provide your employees with benefits or lifestyle assets to use for their personal enjoyment, it is important to remember that these benefits and assets may have fringe benefit tax (FBT) implications for your business.

06 Feb 2018

Changes are coming to GST from 1 July 2018: is your business ready?

From 1 July 2018, Australian GST will apply to sales of low value goods (AUD $1,000 or less) that are imported by consumers into Australia.

09 Jan 2018

Structuring your finances for the future

The way in which you structure your finances can have a significant impact on your tax position now and in the future.

28 Dec 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 Dec 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 Dec 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.

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