ROCG Asia Pacific

News

Read industry insights and keep up to date with the latest news from ROCG Asia Pacific



ROCG Accountants and Business Advisors - Budget 2018 - Detailed Report
Budget 2018-19 Summary
9th May 2018

ROCG Asia Pacific

Reward for work is a dominant theme in this year’s Budget. The seven year personal income tax plan initially targets low to middle income earners before making significant changes to the tax brackets.
ROCG Year End Strategies before EOFY 2016-17
YES18 Newsletter
2nd May 2018

ROCG Asia Pacific

Read our YES18 Newsletter for everything you need to know before the EOFY.
ROCG - New data breach laws come into effect - Accountants and Business Advisors
New data breach laws come into effect
21st February 2018

ROCG Asia Pacific

New data breach rules in effect from 22 February 2018 place an onus on business to protect and notify individuals whose personal information is involved in a data breach that is likely to result in ‘serious harm’.
Directors on ‘hit list’ for not paying employee super
Directors on ‘hit list’ for not paying employee super
9th February 2018

ROCG Asia Pacific

Proposed legislation would see the ATO pursue criminal charges against Directors who fail to meet their employee super guarantee (SG) obligations.
Reduced company tax rate
New legislation restricts access to the reduced company tax rate
1st December 2017

ROCG Asia Pacific

Legislation restricting access to the small business company tax rate reduction entered Parliament last month. The changes specifically preclude companies with passive investments such as rental property income from qualifying for the small business entity tax rate of 27.5%.
How is Bitcoin taxed?
10th November 2017

ROCG Asia Pacific

Cryptocurrencies, like Bitcoin, are independent and not regulated by any central authority. Until recently, these digital currencies were not treated in the same way as cash for tax purposes in Australia. New legislation passed by Parliament last month seeks to change all of that by removing GST from currency exchanges.
Safe harbour for directors of struggling companies
24th October 2017

ROCG Asia Pacific

Australia’s insolvent trading laws impose harsh penalties on directors of companies that trade where there are reasonable grounds to suspect that the company is insolvent. Criminal and civil penalties can apply personally including penalties of up to $200,000, compensation proceedings by creditors or liquidators, and where dishonesty has been involved, up to 5 years in prison.
New laws hold franchisors responsible for vulnerable workers
2nd October 2017

ROCG Asia Pacific

Franchisors and holding companies could be held responsible if their franchisees or subsidiaries don’t follow workplace laws.
Director’s fees: What and How To Pay Them
15th September 2017

ROCG Asia Pacific

The issue of Director’s fees often comes up – should we pay directors, how to pay, and if we do pay fees how should they be paid? We answer the common questions for private companies.
ASIC Targets Growing Companies In Audit Crackdown
31st August 2017

ROCG Asia Pacific

ASIC requires companies to prepare and lodge a financial report and a directors’ report each financial year, and have the accounts audited unless the company is exempt. Most small companies are exempt from the compliance requirements as are small foreign-owned companies in certain circumstances.
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