RSM Australia

Consulting insights

Your generosity could provide even more benefits

9 April 2018
We all work diligently to provide for our dependents and eventual beneficiaries. Protecting their future wealth is an excellent legacy for our survivors. So how do we provide this extra benefit?  One idea when making a Will is to establish a testamentary trust or trusts that commence upon the death of the Will maker. 

Single Touch Payroll reporting is coming - employers take note!

16 March 2018
Employers with 20 or more employees will need to change the way they report to the ATO from 1 July 2018.  Single Touch Payroll (“STP”) is a new reporting system the ATO has introduced. STP involves the reporting of payroll payments, PAYG and superannuation directly to the ATO for every pay run that is made.

Assessing Governance - A Critical Step for Successful Change

14 March 2018
Perhaps one of the absolute truisms is that we live in a changing world. 

Is your Will about to explode?

5 March 2018
Far too many Wills exist which, when "detonated", will create huge problems for farming families. This article aims to reduce these potential disasters. 

Estate planning is not a dead issue

31 January 2018
One way to really focus on farm succession is to ask: What would happen if both Dad and Mum died tomorrow?

Going digital in my business? How do I do that?

4 December 2017
Finding a reliable IT advisor is, so they tell me, a bit like finding a good mechanic to look after your car. You can spend a lot of money working out you haven’t found the right person yet. 

Company directors get a safe harbour in relation to potential insolvent trading claims

4 December 2017
On 18 September 2017, what has become called “the safe harbour defence”, became available to company directors from claims against them for allowing the company to incur debts whilst insolvent (“insolvent trading”). This reform was part of the Government’s National Innovation and Science Agenda launched in late 2015.

One size does not fit all

29 November 2017
In my previous article, I discussed transferring the family farm to a child without paying stamp duty. The next important step is to seek professional advice as to the capital gains tax implications if the farm was transferred.

The Economist Intelligence Unit whitepaper released

9 November 2017
National Executive Partner and Managing Partner of the Brisbane office, Andrew Graham, recently took part in research for the Connecting Commerce: Business confidence in the digital environment whitepaper, written by Th

Tips to avoid failure for small business - Part 1

6 October 2017
Small business owners take note! At RSM, we have seen many businesses with cash flow problems or debt recovery issues successfully turned around as a result of early action on the part of directors and business owners.  

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