Startups – Potential to Flourish

A new venture is always exciting and premised with good intentions, but care should be taken to appropriately address risks associated with establishing a new business in the market. On the back of the recent Australian startup, Unlockd, going from potential IPO to voluntary administration in the space of weeks, this article explores some risks … Continue reading “Startups – Potential to Flourish”

Directors – What to look for before you sign financial statements!

As 30 June has passed us by, we are now officially in reporting season. It’s time for directors of all entities to fulfil their reporting obligations and report the financial position and performance to ASIC, ACNC, shareholders and banks. What should I look for before approving the financial statements? Application of knowledge in relation to … Continue reading “Directors – What to look for before you sign financial statements!”

Findex Business Advisory team continues growth with new Partner hire

Chris Richardson joins as Associate Partner at Crowe Horwath Melbourne, from Deloitte’s Melbourne Risk Advisory team. Findex has continued to drive growth in its Business Advisory team with Chris Richardson joining as Associate Partner of Crowe Horwath Melbourne. The announcement comes as Findex continues to build for the future with Mr Richardson, previously with Deloitte, … Continue reading “Findex Business Advisory team continues growth with new Partner hire”

SproutX – AgMesh

SproutX is a joint venture between Findex and the National Farmers’ Federation. It’s an innovation hub and startup accelerator designed specifically for the Agtech sector- the first of its kind in Australia. SproutX focuses on nurturing startups and entrepreneurs to help transform the country’s $100 billion agriculture sector by helping solve a broad range of … Continue reading “SproutX – AgMesh”

SproutX – Edible Bug Shop

SproutX is a joint venture between Findex and the National Farmers’ Federation. It’s an innovation hub and startup accelerator designed specifically for the Agtech sector- the first of its kind in Australia. SproutX focuses on nurturing startups and entrepreneurs to help transform the country’s $100 billion agriculture sector by helping solve a broad range of … Continue reading “SproutX – Edible Bug Shop”

ASIC focuses on new accounting standards for June 2018 financial reports

ASIC has released its focus areas for reviewing 30 June 2018 financial reports. Whilst the usual suspects are still present, it is clear the main focus is on the expected impacts of the major new accounting standards (Revenue, Leases and Financial Instruments). The new accounting standards are being touted as the biggest change since the … Continue reading “ASIC focuses on new accounting standards for June 2018 financial reports”

Trading Names & Business Names – ASIC is cancelling 30,000 business names that haven’t been renewed with ASIC

The Australian Taxation Office will remove all Trading Names from the Australian Business Register this November. At the same time, ASIC will cancel up to 30,000 business names that have not been renewed following the change from the state based registers to ASIC. If your business name is cancelled, you will be advised via a … Continue reading “Trading Names & Business Names – ASIC is cancelling 30,000 business names that haven’t been renewed with ASIC”

Franking Credits and SMSFs – the proposed position from both major political parties

There has been a lot of media coverage recently in regards to how franking credits will be treated within SMSFs in the future given recent announcements from the Government (as part of last month’s Federal Budget) and the Opposition (their proposal was announced about a month beforehand). In summary, the Opposition proposal is to stop … Continue reading “Franking Credits and SMSFs – the proposed position from both major political parties”