Key points Transfer Balance Cap is rising to $2.1m from 1 July 2026 (indexed to CPI). If you’re starting a pension, waiting until after 1 July could unlock an extra $100k in the tax-free phase. More limits are likely to lift too (Concessional Contributions to $32,500; bring-forward to $390,000) – worth reviewing your strategy now. […]
Key points BAS reporting is compliance; management reporting is decision-making Late visibility leads to late decisions which leads to underperformance and underinvestment Key value drivers to monitor monthly are margins, productivity, and working capital When a pharmacy fails, it rarely does so suddenly. Most failures are slow. Profits look acceptable. Sales may even be growing. […]
Key points Volume rebates and customer loyalty programs are accounted for under AASB 15 Careful consideration of these are required as they impact the recognition of revenue and liabilities Applying AASB 15 often involves significant judgement, and entities should seek expert advice for complex or unique circumstances Many inventory-based businesses offer customers a number of incentives to enhance customer loyalty. This article considers two common arrangements, being volume rebates and customer loyalty programs, and the […]
With over a decade of experience as a Chartered Accountant, Jeff has built a reputation for being more than just a technical advisor, he’s a trusted partner to the clients he works with. Specialising in business and income tax advisory, as well as employment tax services, Jeff supports privately held groups and large corporations by […]
Peter is a Partner at Pitcher Partners Melbourne. Peter works with growing Australian businesses and helps them navigate the complexities of scaling up while maintaining strong foundations. His experience spans strategic planning, business advisory, and understanding what it takes for companies to attract investment and compete in today’s market. Peter combines empathy with his extensive […]
Key points Australia does not have a formal estate tax regime, but superannuation death benefits can result in tax payable for certain beneficiaries. Be smart and plan ahead to help maximise family wealth. When it comes to estate planning, many Australians are surprised to learn, unlike the USA and UK, Australia does not have a […]
Key points Customer rights to return products and extended warranties are accounted for under AASB 15 Careful consideration of these are required as they impact the recognition of revenue, assets and liabilities Applying AASB 15 often involves significant judgement, and entities should seek expert advice for complex or unique circumstances. Many inventory-based businesses offer customers a […]
Key points AASB 18 introduces new presentation and disclosure requirements for for-profit entities from 1 January 2027. Entities investing in assets must classify certain income and expenses in the operating category. Classification of income and expenses depends on the entity’s main business activity AASB 18 Presentation and Disclosure in Financial Statements first applies to for-profit […]
Adele Smith is an Audit and Assurance professional with extensive experience delivering high-quality external audit and assurance services across a wide range of industries. She has advised ASX-listed entities, public companies, large and small proprietary businesses, and not-for-profit organisations. Adele combines strong technical expertise with broad industry knowledge and a collaborative, proactive approach to understanding […]
Taking on the role of Partner in a professional practice or as a newly appointed barrister, is both exciting and challenging. The leap from employee to non-employee comes with a lot of opportunity and demands, but one element that is often overlooked is understanding the financial implications involved. Here are some essential practical and tax […]
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