Accounting & Advisory Blog | News & Views

Thin capitalisation – changes to be aware of from 1 July 2023

Treasury Laws Amendment (Making Multinationals Pay Their Fair Share—Integrity And Transparency) Bill 2023 (the Bill) was introduced into Parliament towards the end of June 2023. The draft Bill proposes to make wholesale changes to the thin capitalisation rules and the methods for claiming allowable interest deductions in Australia.

29 June 2023 Tim Cheong, Varun Kumar

DY6 Metals Ltd debuts on the ASX with $7M IPO

Moore Australia congratulates DY6 Metals Ltd for its successful listing on the Australian Stock Exchange (ASX).

29 June 2023 Moore Australia

Moore Australia welcomes new cohort of leaders

Moore Australia is pleased to announce the promotion and appointment of 10 team members to Partner/Director, and 11 team members to Associate Director/Principal.

21 June 2023 Moore Australia

Key Focus Areas for Individual Tax Returns: ATO's Watchlist for Australian Taxpayers

As the end of the financial year approaches, it's crucial for Australian taxpayers to be aware of the Australian Taxation Office's (ATO) key focus areas. By understanding these areas, individuals can ensure compliance and minimise the risk of audit or penalties. In this article, we will highlight two significant focus areas and provide valuable insights on how to navigate them effectively.

19 June 2023 Moore Australia

New referendum disclosure requirements

New rules about disclosure of spending and donations received on referendum matters have come into force and apply for the first time in respect of the Indigenous Voice to Parliament Referendum. The rules apply where spending or donations received are $15,200 or more.

19 June 2023 Murray McDonald

Getting ready for 30 June - webinar and Technical update guide

A summary of changes to financial reporting requirements applicable for years ending 30 June 2023.

15 June 2023 Kristen Haines

QLD State Budget 2023-2024

The 2023-24 Queensland State Budget was handed down by Treasurer, Cameron Dick, on Tuesday 13 June 2023. Owing to significantly higher coal royalties hitting the state’s revenue, the Treasurer announced a budget surplus of $12.3 billion for the 2022-23 financial year. This is the largest budget surplus ever recorded by any state or territory government. Remarkably, only four times has the Federal Budget seen a greater surplus than Queensland’s 2022-23 budget surplus.

14 June 2023 Gary Calford

ASIC enforcement activities and focus areas

As you prepare for the 30 June 2023 reporting season, it is important to keep in mind the position of the regulators and their areas of focus, as this helps to inform you of the higher risk areas that will require your attention in preparing your financial reports this year-end. Not only has ASIC released their focus areas media release for 30 June 2023 year-ends, but over the last 12 months, both ASIC and the ACNC have been active in their enforcement activities which require careful consideration.

8 June 2023 Kristen Haines

Payroll updates for employers from 1 July 2023

There are a couple of changes that will impact payroll procedures from 1 July 2023. As an employer, it is important that you are aware of and prepared for the changes to avoid penalties. Are you ready?

7 June 2023 Moore Australia