News and Views

Swimming with Sharks

Insights and analysis from ‘The Shark Tank’ – season four

Another ferocious season of Shark Tank has come to a close with Season four, which ran from 15 May 2018 to 7 August 2018. The season aired 13 episodes containing 52 proposals that were pitched to the panel of Sharks. Of the 52 proposals, 33 were successful in obtaining one or more offers from the sharks. However, 20 proposals came up empty handed with 1 contestant declining the offer proposed and 19 proposals receiving no offers at all.

 
The team from the Moore Stephens Corporate Advisory division has gone along for the ride to provide a summary of the key metrics for this season, along with the key insights derived.
 

Stuart Whitehead joins Moore Stephens

With over 20 years’ experience in the delivery of Strategy Consulting, Performance Improvement, Information Systems and Corporate Finance engagements; Stuart Whitehead has joined the Moore Stephens Victoria team as a Director to head up the new Consulting division.

ASIC clamps down on ‘non-lodging’ proprietary companies to confirm their status

The Australian Securities and Investments Commission (ASIC) are targeting proprietary companies that have not lodged financial statements for FY 2016.

Over the past fortnight, there has been an increase in activity by ASIC in targeting large proprietary companies and foreign controlled small proprietaries that are not lodging financial statements. ASIC is requesting said companies confirm their ‘non-lodgement’ status or lodge the ‘outstanding’ financial statements.
 

Autumn Home Shopping

Finding the perfect property isn’t always easy, and as the colder months approach, the number of homes available for purchase starts to subside. The reduction in house stock can swing the pendulum to favour the seller as buyers fight for the smaller number of properties.

Client Story – Jeremy Nichols, Composure Group

When asked to describe his life using a film title, Jeremy Nichols, Founder and Managing Director of the Composure Group, answered “Life is Beautiful” and it’s not hard to see why. Jeremy has qualifications in Health Management and a MBA, he played for Melbourne FC during University and has been on the Board of the Club for 4 years. He founded Composure in 2013 after 20 years in the consulting industry. The group has a deep knowledge of human behaviour in an organisational context. They bring passion, energy and intelligence to helping organisations to play at their best, with a vision  based on Strategy, Culture and Leadership. When dealing with clients Jeremy sees culture as the elephant in the room “We all know it’s there but we’re not willing to confront it, we are not willing to talk about it, we are not willing to actually deal with because it’s often confronting”. He recently spoke with some of our younger staff members at Moore Stephens Vic.  

Claiming depreciation on investment property

Rental property investors have access to a range of tax strategies. One such strategy, which is often underutilised, is claiming depreciation as a tax deduction.

Property expenses, such as depreciation and capital works expenditure, can be deducted over a number years, adding to a significant return for property investors come tax time.
 
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