News and Views

How will IFRS 15 Revenue from Contracts with Customers impact the Local Government sector?

The International Accounting Standards Board (IASB) published IFRS 15 Revenue from Contracts with Customers in May 2014 effective for reporting periods commencing on or after 1 January 2019 for not-for-profit entities in Australia. During December 2016 the Australian Accounting Standards Board also released AASB 1058 Income of Not-for-profit Entities effective for the same date as IFRS 15. There has been considerable debate as to how these two new accounting standards interact with each other and also the likely impacts.

Moore Stephens NSW Rides Again

Beyond Blue, together with Charity Car Events, host an annual awareness event across New South Wales ‘Beyond Bitumen’. For the third year in a row a team from Moore Stephens NSW participated in the event and helped raise just over $13,500 of the $344,380 raised by the 2018 Beyond Bitumen Tour.

Single Touch Payroll is coming - are you ready?

Single Touch Payroll (STP) is coming into effect from 1 July 2018 for all ‘substantial employers’. It will change the way employers send employee's tax and superannuation information to the ATO with payments such as salaries and wages, pay as you go (PAYG) withholding and super information sent to their Accountants directly from their payroll solution at the same time they pay their employees.

How will IFRS 15 Revenue from Contracts with Customers impact the software industry?

The International Accounting Standards Board (IASB) published IFRS 1 Revenue from Contracts with Customers in May 2014 effective for reporting periods commencing on or after 1 January 2018.  Since IFRS 15 replaces all the existing guidance on revenue recognition and applies to all entities and industries, there has been considerable confusion (and debate) as to what the likely impacts are going to be across different industries when adopted. 

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.

Getting our heads around new GST regime

New GST laws targeting property developers come into effect on 1 July. Is your company prepared? Taxation specialist Ross Sicuro, director of Moore Stephens, shares his insights.

Announced in the 2017 federal budget, the new GST laws promise to crack down on ‘phoenix activity’ – where companies strip the assets and cash from a business before liquidating and restarting it under a different name.

The business rises from the ashes, but leaves creditors, including the ATO, high and dry.

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.

Are you ready for the new lease standard?

As new accounting standards come into force over the next two years, property companies need to understand the implications for their businesses, says Moore Stephens’ director Ross Sicuro.

From 1 January 2019, a new Australian Accounting Standards Board standard will start to influence leasing decisions.

Trojans now arrive by email!

At the end of a busy day Adel was preparing to go home. She is an office manager at a very successful small family business that sourced and supplied quality aftermarket parts for air conditioning repairs.
 
Just before Adel closed down her computer she received an email from her boss, the owner, David. In the email David asked Adel to arrange an urgent $50,000 transfer to a supplier that night...
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