The 13 financial reporting, corporate governance regulatory topics of crucial importance to CFOs and Directors this Winter. 30 June 2022 reporting is the focus. We detail ASIC-focus areas, the lessons from of its financial-reporting surveillance program, and changes to AFSL reporting. For many for-profit entities, this season sees the end of special purpose financial [...]
Web3 Goes Mainstream Interviews with Mark Bailey & Josh Ho Many people in the crypto/NFT world have the mistaken belief that transactions involving crypto, NFT and blockchain are somehow anonymous. In fact nothing could be further from the truth, it is comparatively easy to track transactions on the blockchain – because it is public. [...]
Author: Joshua Ho It’s never easy to navigate the world of crypto, whether you are new to the space (a “normie”) or a seasoned investor. We observed an explosion in crypto scams as the market peaked at the end of 2021. On the surface the occurrence seemingly reduced in 2022. However, fraud-related enquiries to [...]
We explain the corporate-governance, financial-reporting, and regulatory topics of crucial importance to CFOs and directors. Much has been happening of particular relevance to boards – director identification numbers, whistleblowing and breach reporting, fraud, wages underpayment, and climate change. Good news – there are no substantial new standards for 31 December. We’re focused on regulatory [...]
After the success of its tokenised green bonds, the Hong Kong Monetary Authority has released a detailed paper 'Bond tokenisation in Hong Kong' that sets out policy design considerations based on its experience and the latest developments in the industry. Whilst is may be rhetoric, it is certain many in the industry are comforted [...]
Innovation is one of the pinnacles of good business practice. However, sometimes innovation isn’t a process that can be achieved by one person alone. In business, some of the best ideas and practices that your business might achieve could occur through collaboration. Most businesses will have understood the impact and importance of internal collaboration [...]
Restructure only means a setback to your business, not a closure: what the reforms could mean for your business With the demanding conditions that have plagued the retail industry, business owners need to be aware of all the restructuring options available. The misconceptions of formal restructures The idea of restructuring your business or reaching [...]
Capital gains events can affect the way in which a capital gain or loss is calculated and when it is included in a net capital gain or loss. The type of CGT event that applies to your situation may affect the time of the CGT event’s occurrence, and exactly how to calculate your capital [...]
SaaS companies warrant different approaches to valuation and can be compared with eighteenth century steam engines (seriously). Why do accountants need some knowledge of SaaS companies? If you don’t have these kinds of clients today, you probably will in future. The SaaS business model is now well established. US-listed SaaS companies are now [...]
An additional 10% capital gains tax (CGT) discount may be available when you sell an Australian residential rental property that you used to provide affordable housing. This move will increase the maximum capital gains discount percentage on your sale from 50% up to 60%. For the affordable housing CGT discount purposes, affordable housing is any [...]