Accounting & Financial Reporting

Companies will be allowed to sign documents and hold annual general meetings in electronic format.

Remote AGMs And Document Signing Allowed

Companies may now hold annual general meetings and sign documents electronically Companies should note that the government made a determination just before the end of the financial year that permits companies to hold annual general meetings by electronic format. Also, companies may execute a document, without using a common seal, by electronic communication. The determination …

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Federal Government’s Second Coronavirus Stimulus Package

The Federal Government has announced stage 2 of its economic plan to provide financial assistance to Australians. Boosting cash flow assistance Cash flow assistance ► The Government is providing up to $100,000 to eligible small and medium-sized businesses, and not-for-profits (including charities) that employ people, with a minimum payment of $20,000. ► Under the enhanced …

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Tax rules on volunteer payments and expenses

Tax On Volunteer Payments And Expenses

Volunteer payments and expenses may have tax implications! From bushfire relief groups, sporting clubs, environmental groups, charity associations and many more, volunteers are an indispensable workforce and support network for many organisations. For most, if not all, having volunteers ready to lend a hand is pivotal in them being able to function or survive. Many …

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