Moore Stephens Resource Centre

At Moore Stephens Australia we pride ourselves on being experts and leaders in our field and we offer a wide range of quality resources for our clients and interested parties.

Please select from our list of expert commentary, submissions, newsletters, surveys, videos and webinars for more information on the current market and in-depth information and analysis around audit and assurance, taxation and more.

Please see our resources below, or select a specific publication from the list to the right.

Format: 2014-07-14
Format: 2014-07-14

Resources

Trust taxation - ATO flags new views on old rules - section 100A

The taxation of trusts and beneficiaries of trusts continues to change constantly. 

A fact sheet recently released by the ATO implied changes on an anti-avoidance rule that has already been in existence for over thirty years.

For anyone currently operating through a trust structure (in either a personal or business capacity) this means you could now be impacted by these changes.

Automotive Fraud Survey Results 2014

The results are in for the 2014 Moore Stephens Automotive Fraud Survey

Did you know that one in every three instances of fraud in dealerships exceeds $100,000 which means you need to generate $4,000,000 in revenue to compensate for the fraud.

For more facts about fraud in dealerships - view the attachment below.

 

ATO Draft Guidelines on Transfer Pricing

On 16 April 2014 the Australian Taxation Office (“ATO”) published long-awaited draft guidance (“Guidance”) in relation to several important aspects of Australia’s new transfer pricing (“TP”) legislation. The ‘new’ legislation was enshrined into our law on 29 June 2013; notably, Subdivision 815-B, 815-C and 815-D of the Income Tax Assessment Act 1997 (“ITAA 1997”). The aim of our legislation and the Guidance is to ensure application of the arm’s length principle. The Guidance applies from 29 June 2013.

Moore Education News - Edition 10

Moore Stephens Queensland, together with McInnes Wilson Lawyers, Westpac and Willis Australia have developed the tenth edition of the insightful Moore Stephens Education newsletter.

Moore Education News - Edition 9

Moore Stephens Queensland, together with McInnes Wilson Lawyers, Westpac and Willis Australia have developed the ninth edition of the insightful Moore Stephens Education newsletter. 

Economic and market outlook - July 2014

Access our latest Economic and market outlook for an update on the Australian and International economy. 

 

The how, what and why of selling your business Part 5: How you can maximise your business' value

Selling at the right price means demonstrating profitability, identifying potential and reducing risk.  Check out part 5 of "How you can maximise your business' value", written by Alan Max, Moore Stephens Corporate Finance partner, and recently published on Dynamic Business.

Investment insights - portfolios, hindsight and biases

Hello and welcome to this month’s edition of Investment insights.

With the financial year end now upon us, many will take the opportunity to look back over the performance and returns of their portfolios. Returns have been very solid over the past year which has been led by Europe who was up around 30%, followed by the U.S. up around 25% and Australia up approximately 15%. Due to this year's performance, most investors will have seen solid gains in their portfolios. The first article we have for you this month looks at the problem that hasn’t been a big issue in recent times….what to do when you have a big capital gain. In this piece, author Jason Zweig from The Wall Street Journal, tells the story of two married finance professors and their investment in Tesla Motors. The article offers great insight into the difference between owning a stock or the stock owning you.
 

Tax planning checklist 2013/14

The end of the financial year is fast approaching.

Moore Stephens has developed a comprehensive year-end tax planning checklist on behalf of CPA Australia. This checklist will assist you in collating all the necessary information for the 2013/14 financial year.

Superannuation Tax Planning

To obtain a tax deduction for the 2014 tax year, ensure that you pay the minimum superannuation contributions (9.25%) and any additional superannuation contribution in respect for yourself and your employees by 30 June 2014. The contribution must be received and banked by the super fund by 30 June 2014.

Featured

Moore Stephens Announced as a Finalist in the BRW Client Choice Awards

 

Outstanding client feedback has won Moore Stephens a place as a finalist in the BRW Client Choice Awards.

This year’s finalists were selected by more than 42,000 respondents from a pool of 87 professional consulting firms, 38 of which fell into the government and community category.

As one of four finalists in the category, ‘Best provider to the government and community sector,’ Moore Stephens Not for Profit sector has been ranked ahead of any of the big four professional consulting firms.

Marco Carlei says, “This industry-driven accolade is tangible proof that Moore Stephens is achieving its vision to be a leading mid-tier financial advisory services firm and first choice in our target markets.

“We have been a finalist twice in the past three years, which clearly shows we’re on the rise when it comes to the important job of fulfilling client expectation, but still a way to go to reach consistent results.”

The BRW Client Choice Awards are compiled in conjunction with leading professional services consulting group Beaton Research + Consulting.

Now in its 11th year, Australia’s most prestigious professional service awards are a shining symbol of client service excellence.

Mel Anderson, director of Benchmarks at Beaton Research + Consulting, says, “The Client Choice Awards are unique in that, unlike most other awards programs, they are not based on carefully constructed submissions from firms designed to highlight their best – and hide the worst aspects of their performance.

“Rather the Client Choice Awards are judged on the basis of feedback provided directly and independently by clients who have used the firms in the last 12 months. This method of judging gives the Client Choice Awards their great credibility; more than any others for professional services firms. What better way to judge client service excellence than to directly ask those who have experienced it?”

The winners of this year’s Client Choice Awards will be announced at a cocktail function in Sydney on Wednesday 19 February. Coverage of the winners will be run by BRW and the Australian Financial Review online and in print in the Financial Review and other Fairfax media.

 

Moore Stephens Audit Transparency Report for the year ended 30 June 2013

Moore Stephens’ inaugural audit transparency report for the financial year ending 30 June 2013 is now available to view. This report has been prepared in accordance with the requirements set out under section 332B of the Corporations Act 2001. The legislation was enacted in 2012 and was designed to provide greater transparency into the operations of audit firms, thereby giving audit clients the ability to make more informed decisions when selecting an audit provider.

A Golden Vision?

In case you missed the news this month, the price of gold has had its biggest fall in 30 years which has raised some interesting questions about its status as a safe haven.

Treasury Submission: Exposure Draft - Tax Laws Amendment (Cross-Border Transfer Pricing) Bill 2013

Please see (attached) our comments and recommendations submitted to Treasury in response to the recent announcement of Treasury’s second phase of the transfer pricing reform process as announced by The Hon David Bradbury, MP, on November 22 2012 - (Exposure Draft – Tax Laws Amendment (Cross –Border Transfer Pricing) Bill 2013: Modernisation of transfer pricing rules)

Transfer pricing reform in Australia

Taxpayers must now deal with layer upon layer of complex legislation (and OECD guidance) if they are to comply with the Australian Taxation Office recommended transfer pricing documentation requirements; they must do this if they are to take appropriate defensive action to reduce or avoid horrendous non-deductable penalties that may otherwise potentially apply.

Please open the attached PDF to read the full article.

Moore Stephens submission to the NFP Sector Tax Concession Working Group

Moore Stephens have written a submission responding to the discussion paper from the NFP Sector Tax Concession Working Group. The submission was lodged with Treasury late last week.

ACNC opens its doors and is ready for business

On Monday 10 December 2012, the newly established Australian Charities and Not-for-profits Commission (ACNC) was officially launched by the Assistant Treasurer, the Hon. David Bradbury MP. This followed the legislation receiving Royal Assent on 3 December 2012 and the announcement on 7 December 2012 of the formal appointment of Ms Susan Pascoe AM as the Inaugural Commissioner of the ACNC. Since opening it has already registered its first new charity.

Moore Tax News - Changes to Part IVA

On 16 November 2012, the Assistant Treasurer released draft legislation and explanatory material amending the general anti-avoidance provisions in Part IVA of the Income Tax Assessment Act 1936. The proposed changes are a response to a number of recent judicial decisions that the Government believes have undermined the effective operation of Part IVA.

Part IVA applies where a taxpayer has obtained a ‘tax benefit’, directly or indirectly, from a ‘scheme’ in which a person participated for the sole or dominant purpose of securing a ‘tax benefit’ for the taxpayer. The primary changes proposed by the draft bill will recast the definition of a ‘tax benefit’.

Everything's on Sale!

This month we take a look at retail and the recent Black Friday and Cyber Monday sales in the U.S. following their Thanksgiving Holiday.

Transfer Pricing – Unfinished Business...

On 22 November, 2012 the Federal Government released a further Exposure Draft of proposed amendments to Australia’s transfer pricing rules.

This Exposure Draft forms Phase II of the proposed changes to Australia’s transfer pricing rules.

The Exposure Draft is titled: Tax Laws Amendment (Cross-Border Transfer Pricing) Bill 2013: Modernisation of transfer pricing rules.