To discover and fulfil the potential of our clients and our people.

News Room

  • ATO Reveals STP Reporting Options for Closely Held Payees

    Overview of STPSingle Touch Payroll (STP), is an Australian Government initiative to reduce employers' reporting burdens to government agencies. Under the new system, you’ll use payroll software, or another STPready sol…

    ATO  2021-02-16
  • Applying the IASB’s Revised Conceptual Framework and Solving the Reporting Entity and Special Purpose Financial Statement Problems

    The International Accounting Standards Board (IASB) issued a revised Conceptual Framework titled Conceptual Framework for Financial Reporting (referred to throughout this Consultation Paper as 'RCF') in March 2018. In or…

    2019-03-11
  • Federal Budget Highlights About Small Business And GST

    Mr Scott Morrison, the Federal Treasurer, has handed down his second Budget (the government’s first of its three-year term). Mr Morrison said the Budget is focused on boosting the economy and households, so that ‘‘we …

    2017-05-19
  • GST low value imported goods Bill introduced

    Measures to extend the application of GST to low value goods imported by Australian consumers have been introduced into parliament. The Treasury Laws Amendment (GST Low Value Goods) Bill 2017 will amend the GST Act to…

    2017-02-17
  • Lower yuan to weight heavy on Australia new version

    China's currency is set to fall sharply in 2017, triggering turmoil in global equity markets and causing huge pain for commodity-dependent countries such as Australia, according to leading Beijing-based research analyst…

    2017-01-12
  • Financial needs of small business

    Irrespective of the nature of the proposed venture, a number of common factors need to be considered when raising finance. At a minimum, the financial requirements of the venture and the financial structure of the enter…

    2017-01-12
  • Deductions for bad debts in Australia

    Deductions for bad debts is a very common issue to most companies. Today Wis Partners has collected authentic interpretation towards this issue from Wolters Kluwer to answer dilemmas posed by our clients. Reserves or pr…

    2016-12-20
  • Simplified depreciation for small business

    Depreciation is very common for most tradition companies. And with regards to small business entities, they can choose to deduct amounts for most of their depreciating assets under a special depreciation regime referred …

    2016-12-09
  • Role of GST audits

    Some of our clients are confused with regards to GST audits. And here we have collected some information from Wolters Kluwer to illustrate this important role.The system of self-assessment that applies to GST reflects th…

    2016-12-09
  • CPA Australia:Outsourcing Opportunity or Threat?

    CPA Australia recently issued a guide to provide assistant to Australian business how to adopt outsourcing for business growing. Below is a brief introduction from the guide.Outsourcing is not new. Outsourcing is wher…

    2016-11-03