Safeguard Your Affairs with Audit Insurance

Being prepared for unforeseen challenges is a mark of a prudent entrepreneur. Audit insurance emerges as a sensible investment, providing a safety net against the potential financial impact of ATO audits.

Federal Budget weight behind tax audits

Did you know that our costs for assisting you with the management and supply of information to the ATO for tax audit reviews can be insured?

Federal Budget ATO compliance crackdown

In an environment where compliance scrutiny is intensifying, having audit insurance serves as a proactive measure to safeguard one's financial interests.

Insurance for tax audit costs

Allan Hall has partnered with AuditCover tax audit insurance providers to offer protection in case of a tax audit or review. AuditCover covers the professional fees when your accountant or a specialist is responding.

Application of the Updated Lease Accounting Standard – AASB 16: What You Need to Know as a Business

The revised lease standard “AASB 16 Leases,” will mean significant changes for businesses that need to comply with accounting standards within their financial reports. The majority of leases, both operating and finance, will now need to be brought onto the balance sheet. AASB 16 Leases is the updated accounting standard that changes the way in […]

Important Information for Clients with a Discretionary Trust

Decisions Regarding Distribution of Income If you have a Discretionary Trust, the decisions about the distribution of the income of your Trust must be made and evidenced by 30 June 2019. Under the terms of most Trust Deeds it is not necessary for formal minutes to be prepared prior to 30 June as these can […]

Instant Asset Write Off changes announced in Budget 2019 are now law

The measure announced in the 2019 Federal Budget to give medium-sized businesses (turnover greater than $10M but less than $50M) the ability to immediately deduct the cost of assets costing less than $30,000 is now law. The new Act also increases the current threshold for the instant asset write off for small businesses (turnover less […]

Allan Hall’s 2019 Federal Budget Tax Summary

The Federal Treasurer, Mr Josh Frydenberg, handed down the 2019/20 Federal Budget at 7:30 pm (AEDT) on 2 April 2019. Mr Frydenberg said the Budget is ‘back in the black’, announcing a budget surplus of $7.1b, and forecasting continued surpluses into the future, building towards 1% of GDP with the aim to pay off Government […]

New whistleblower protections – what could it mean for your business?

As part of the Federal Budget in 2016, the Government announced commitment to the introduction of whistleblower protections legislation to be operational by July 1 2018. Currently there is a bill (Treasury Laws Amendment (Enhancing Whistleblower Protections) Bill 2017) before the senate which will amend the Corporations Act 2001 to consolidate and broaden the existing protections […]