January 2024 | VOLUME 186
KSW Newsletter for Clients and Associates of Kreston Stanley Williamson
ASIC’s Focus Areas for 31 December 2023 Reporting
ASIC’s focus for the 31st December 2023 reporting is on directors’ responsibility for providing meaningful insights amid economic uncertainties. Key areas include impairment, provisions, and new accounting standards. Read more about ASIC’s guidance on their financial reporting for the calendar year just ended.
Selling Your Business with an Earn-Out: The Tax Implications to Watch Out For!
Earn-out arrangements in business sales can lead to complex tax scenarios. Qualifying as a “look-through” earn-out right allows tax deferral, while non-qualification demands immediate valuation and can lead to potential complications. Read more about the tax intricacies in business sales related to earn-outs.
Celebrating Michael Goodrick’s 40th Anniversary at Kreston Stanley Williamson
This month marks a significant milestone as we applaud Michael Goodrick, the Managing Partner of KSW, on his 40th anniversary with the firm. Michael’s journey began in 1984, and since then, his dedication has played an instrumental role in shaping KSW’s growth and success. Read more about Michael’s journey and contributions to the firm.
Kreston Stanley Williamson
*Correct as of 31 January 2024
*Disclaimer – this newsletter has been produced by Kreston Stanley Williamson as a service to its clients and associates. The information contained in the article is of general comment only and is not intended to be advice on any particular matter. Before acting on any areas contained in this article, it is imperative you seek specific advice relating to your particular circumstances. Liability is limited by a scheme approved under professional standards legislation.