Tax law report – Apr/May 2013

The sole trader taxpayer carried on a business selling second-hand cars. Following an audit, the Commissioner found that the taxpayer had understated both GST sales in his BAS returns and his net business income in his tax returns. Although the taxpayer accepted that...
Review engagements: A new standard

Review engagements: A new standard

Of help is the International Auditing and Assurance Standards Board’s International Standard on Review Engagements (ISRE) 2400 (Revised), Engagements to Review Historical Financial Statements, issued in September 2012. Effective for periods ending on or after 31...
An Adelaide champion

An Adelaide champion

Company: Economic Development Board of SA Position: Deputy Chairman Location: Adelaide IPA Status: When IPA Fellow Kevin Osborn was 11, his father was tragically killed in an industrial accident. His mother, left to bring up three children on her own, sent her...
Windows 8 – or W8?

Windows 8 – or W8?

Overall, there are dozens of improvements, but the first thing that everyone will notice is the new ‘tiled’ interface. Don’t be put off by the tiles; they can be put aside in a moment to give us the interface we all know well. Windows 8 has some awesome features for...

2013: Recovery year for SMEs

The two key recent shocks to the Australian economy have been to commodity prices and household behaviour. Commodity prices have risen substantially, which has driven a once-in-a-generation mining investment boom and pushed the Australian dollar to its highest level...