Commencement Date: Reporting Periods commencing on or after 1st January 2019 AASB 16 is applicable to the following businesses: Entities subject to an audit or review. Entities that lodge financial statements with a regulator (e.g. ASIC, ACNC or Consumer Affairs). Where the bank requires financial statements prepared in accordance with Australian Accounting Standards (refer to
An extract from the Federal Budget Analysis prepared by the MLC Technical team, part of GWM Adviser Services Limited, appears below. 3 May 2016 Treasurer Scott Morrison has handed down his first Federal Budget—the Coalition Government’s third. The winners are low and middle income earners and small business owners. There are significant changes to superannuation
The national average for taking sick days is higher than ever. This absence in staff members is taking its toll on productivity and therefore affecting the bottom line for every business. Although not all sick days can be accredited to employees getting sick, it is regular enough to look at ways to reduce sickness. A
Find Your Lost Super! Have you moved, changed name or held various jobs and lost track of your super? There are billions in lost super held by the ATO and Eligible Rollover Funds (ERFs) waiting to be claimed. Super will be classified as unclaimed when a superfund account has been inactive for a period of
Most of us recognise the importance of protecting our assets like our house, contents and car, but have you ever thought about your ability to work? After all, it’s your income that enables you to own a house and maintain a car. Your ability to earn an income is likely to be your most valuable
Government delivers tough Federal Budget 2014 - 15. Refunds of excess non-concessional contributions, changes to the Super Guarantee and tighter rules on qualifying social security benefits were the main Budget announcements to impact on superannuation this year. These changes, along with others, should provide a Budget deficit of just under $30 billion in 2014-15 with
Don't forget to pay yourself a superannuation pension - not paying yourself can be taxing...
Don't leave your future to chance A Power of Attorney will ensure your future is in good hands Why would I need a Power of Attorney? A power of attorney is a legal document that allows you to give another person the legal right to make decisions for you in the event that you lose