Aug 30, 2022 / News

Were you special (purpose)?

We all like to think that we’re special. Many for-profit corporate entities claimed that they had no users dependent upon general purpose financial statements (GPFS) and so were non-reporting entities that could prepare special purpose financial statements (SPFS). However, the rules changed from 1 July 2021 and many companies that claimed they were ‘special’ are no longer so. For these entities, GPFS must be prepared for 30 June 2022. Read more

Aug 30, 2022 / News

Hints, Allegations and Things Left Unsaid – Post-election tax landscape

As the saying goes, change the government, and you change the country. Change doesn’t happen by itself; through government, it happens by changes in policy. The particular focus here is the new government’s tax policies taken to the election – and the possible unspoken ones. Read more

Taxation

Aug 18, 2022 / News

Tax Update | The holiday is over: ATO escalates active debt collection

The small-to-medium business sector has had an extended holiday from active ATO debt recovery since the onset of the pandemic. But now, more than two years after the pandemic changed our lives, the ATO has rapidly escalated their collection activity. And they are using some powerful collection tools that were new or enhanced just before the pandemic, and thus had to sheath them. Until now. Read more

Taxation

Aug 12, 2022 / News

Downsizer super contributions – age threshold to be reduced to 55

A Bill introduced into Parliament last week will reduce the eligible age for making a downsizer contribution to superannuation from 60 years to 55, likely to take affect from 1 October 2022. Read more

Superannuation

Aug 09, 2022 / News

Not For Profit Newsletter

This edition covers important changes to financial reporting requirements for charities around financial statement disclosures, reporting thresholds, key focus areas and lodgement extensions. Read more

Not for Profit

Jul 28, 2022 / News

Director Identification Numbers – Time is nearly up, act now!

All directors must have a director ID by 30 November 2022. Once you have obtained your director ID, please provide the details to your Nexia Edwards Marshall advisor. Read more

Jul 26, 2022 / News

Importance of Regular Reporting in the Wine Industry

The wine industry is an exciting, creative and passionate industry, but also one full of challenges. Environmental, economic and political challenges often arise and changes in consumer trends mean regular review of business activities and offerings is a must. Read more

Wine and Viticulture / Wine Industry

Jul 18, 2022 / News

great people: Promotions at Nexia Edwards Marshall

We are delighted to announce the following promotions at Nexia Edwards Marshall Read more

Jun 28, 2022 / News

FBT-exempt cars are coming! (Did you know that?)

We discuss a surprisingly little-discussed election policy that will likely change the landscape of employer-provided cars. Read more

Jun 10, 2022 / News

Employer super obligations changing from 1 July 2022

From 1 July, employers’ obligations to pay superannuation on behalf of employees will be changing. It is critical to ensure your payroll system is up to date, as the penalties for missed employee superannuation obligations can be severe. Read more

Business Consulting