by mitchell | Nov 2, 2015 | News
The guidance, delivered in the form of a draft practice statement, has been developed in response to concerns that management are unnecessarily referring to disclosure requirements as a result of uncertainty regarding the concept of materiality.According to the IASB,...
by mitchell | Oct 30, 2015 | News
According to the survey, 32 per cent of the 1,000 respondents believe that the Australian economy is slowing down, with an added 55 per cent of the belief that the economy has effectively ground to a halt.On a net basis, perceptions of the economy dropped four points...
by mitchell | Oct 29, 2015 | News
Speaking to Public Accountant, Derek Condell, managing director of robo-advice provider Mafematica and ‘resident’ of Sydney fintech hub Stone & Chalk, said he employs the services of three accounting firms, each advising him on a particular aspect of...
by mitchell | Oct 21, 2015 | News
Within the response, the Government rejected a proposal to reinstate the banning of limited recourse borrowing arrangements (LRBAs) within an SMSF.Rather than a ban on LRBAs, the IPA has advocated that more targeted measures to address inappropriate use of gearing...
by mitchell | Oct 20, 2015 | News
With the ride-sharing service operating in full force in Australia, the dispute as to whether GST should be applicable on rides has continued, culminating in drivers clearly warned to register and account for GST from 1 August 2015. In order to target GST and income...
