PKF Australia

Accountants and Business Advisers

Our Blogs

16 09 2020

Markets and COVID-19. What just happened?

The recovery in US share markets has been stronger than that seen in the rest of the world, despite the US being in a very deep recession. This recovery has been primarily driven by the heavy concentration of technology companies listed in US markets.

16 09 2020

Businesses Battling The Pandemic

The surprising reality is that corporate insolvency rates have not increased. In fact, they have fallen by 50% or more compared to this time last year.

15 09 2020

Victorian Business Survival and Adaptation Package – $3 billion support announced on 13 September 2020

The Victoria Government announced on 13 September 2020 an injection of $3 billion to assist businesses to survive the ongoing restrictions and prepare for COVID Normal business. Grant applications open on Friday 18 September 2020.

04 09 2020

JobKeeper 2.0 - Payments Extended

JobKeeper 2.0 was passed by the Senate on Tuesday, 1 September 2020. The JobKeeper payment, which was originally due to run until Sunday, 27 September 2020, will continue to be available to eligible businesses and not-for-profits until Sunday, 28 March 2021. There are some significant changes to the rules. We have broken them down so that you are clear on how they impact you.

27 08 2020

Superannuation: How to stay informed today to be prepared for retirement

Super affects every single one of us. It sways government policy, it influences voters, it creates a comfortable retirement for many, it also currently helps many out of a hole with cash flow concerns, and it’s not going anywhere.

20 08 2020

Part 1 - Whistleblowing in Australia is still a work in progress

72% of policies reviewed did not provide sufficient information about the practical steps that would be taken to protect confidentiality or the legal protections available for eligible whistleblowers; a key objective of the new legislation.

14 08 2020

Casual employees and leave: to disclose or not to disclose?

ASIC recently confirmed their key focus areas for the financial reporting season and declared that “Companies should consider whether they should provide for additional employee entitlements (including annual leave, personal and carer’s leave, compassionate leave, public holiday pay, and redundancy payments) for past and present ‘casual employees’ who were employed in circumstances covered by the Rossato decision”. They also stated their expectation that a provision or contingent liability may be required for circumstances for casual employees that were not clearly covered by the decision.

14 08 2020

Frying under the COVID-19 Stimulus radar

As the fallout of the COVID-19 pandemic continues to rip through the world’s economies, small businesses struggle to survive. Julian made the leap of faith during the golden era but landed smack-bang in the eye of the COVID-19 storm without a single lifeline in sight.

12 08 2020

Unpaid Super? Act Now! Super Guarantee Amnesty Ends on 7 September 2020

If you believe you have underpaid super for your employees, we can assist you in applying for the ATO Super Guarantee Amnesty. Applications will end on 7 September 2020 so, this is an opportunity to catch up on any unpaid super without the normal penalties applying.

07 08 2020

Extension of the JobKeeper Payment – changes announced 7 August 2020

The Federal Government announced on 7 August 2020, further changes to the JobKeeper Payments given the economic uncertainty arising from the Victorian shutdowns. It is projected a further $85.7 billion cost will be added to the scheme.

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