Introducing the SproutX startups – Tie Up Farming

Each month, Crowe Horwath will profile the startups that have been accepted into the 2017 SproutX Accelerator program. SproutX is a joint venture between Findex and the National Farmer’s 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 … Continue reading “Introducing the SproutX startups – Tie Up Farming”

Why it pays to be contrarian

The following piece was written by Nathan Bell, Head of Research at Peters MacGregor Capital Management. Being contrarian is not a simple mathematical formula. Nor does it guarantee success, which is why value investing is not more popular. Instead it requires a detailed knowledge of how a company and its industry works so you can … Continue reading “Why it pays to be contrarian”

Deductions you can claim: Understanding work related expenses

With tax time here once more, the Australian Taxation Office (ATO) has taken the opportunity to issue a fresh ‘health warning’ on how to best avoid incorrect claims for work-related expenses. The ATO’s media release highlights three golden rules for getting your expense claims right: You have to have spent the money yourself (and not … Continue reading “Deductions you can claim: Understanding work related expenses”

Is your company eligible for the Research and Development Tax Incentive?

All Australian companies conducting research and development type activities should consider whether they are eligible to claim the Research and Development Tax Offset in relation to a particular income year. Eligible companies will either have their income tax bill reduced or receive cash refunds from the Australian Taxation Office. The Research and Development (R&D) tax … Continue reading “Is your company eligible for the Research and Development Tax Incentive?”

The benefits of IT Internal Auditing

The digital age we live in introduces us to a world of knowledge and convenience; but in the process, leaves us susceptible to the growing threat of cyber-attacks. Recently, there have been a number of incidents targeting state and local government sectors including organisations based locally. These threats have been increased due to the dependency … Continue reading “The benefits of IT Internal Auditing”

Part II: Importance and risks at each stage of the PPA

In Part I of this series we outlined the steps involved in appropriately considering the acquisition accounting and tax implications of a deal. Acquisition Accounting is typically complex and requires considerable skills, experience and effort to ensure robust and satisfactory outcomes. Further, the requirements of three key Accounting Standards need to be to be considered … Continue reading “Part II: Importance and risks at each stage of the PPA”

Unlocking the value of PPAs – Accounting for an acquisition is not just about compliance: Two part series

Part I: What’s the Value in a PPA? A Purchase Price Accounting (PPA) is the process of allocating the consideration paid in a business acquisition (“Business Combination”) to the assets acquired and liabilities assumed (including intangible assets). It provides a day one balance sheet for the acquirer, setting out the individual assets/liabilities that have been … Continue reading “Unlocking the value of PPAs – Accounting for an acquisition is not just about compliance: Two part series”

Directors – What are my financial reporting obligations?

As 30 June fast approaches it is time for Directors of all entities to ask themselves and each other, what are my financial reporting obligations? Duty to keep books and records Directors must ensure that the Company they govern keep adequate financial records to correctly disclose and explain transactions and the company’s financial position and … Continue reading “Directors – What are my financial reporting obligations?”

Employee or contractor – The consequences of getting it wrong

An increase in legal hearings, in addition to ATO and State Revenue audit activity, suggests that the Government is increasing its focus on businesses classification of employees and contractors. While the line between an employee and a contractor can sometimes be blurred, the consequences of getting it wrong can be very severe. For example, if … Continue reading “Employee or contractor – The consequences of getting it wrong”