The Australian Accounting Standards Board (AASB), have announced new standards which change the way certain for-profit entities must conduct their reporting. The changes mean that for these affected entities, the previous minimum reporting requirements, being Special Purpose Financial Statements (SPFS), are replaced with General Purpose Financial Statements (GPFS) resulting in significantly more work in order to meet […]
The Christmas and New Year’s holidays are fast approaching. Unfortunately, contractual deadlines that fall on or around this time are often missed, which can result in a significant financial burden. Below we explain how construction industry legislation in Queensland deals with the Christmas and New Year’s holiday shutdown period (Christmas Shutdown Period) and we offer some simple[…]
On returning to the office this week, the top of my priority list was looking at ways to assist those affected by the devastation of bushfires across Australia. I get overwhelmed by the number of charities and organisations needing assistance which often leads me to freeze with inaction. I understand that the most sought after thing now[…]