January/February 2022 | VOLUME 164
KSW Newsletter for our clients and associates
Latest COVID-19 Business Support – Will you be able to get it?
The NSW Government has released the latest support packages to help businesses through the most recent COVID-19 effects. Our article here, summarises each support program which could be beneficial for your business.
SMSF Property Valuations are still an ATO focus – What do I need to provide to the administrator and auditor?
SMSF’s holding property have always been an ATO focus, but in light of record capital growth, especially during the past 12 months, this has been brought further into the spotlight.
Our article here, summarises what you need to know and make available to your administrator and auditor to meet your fund’s compliance requirements.
Selling your business? What working capital will you need in the business on the day of sale?
If you are looking to sell your business, you will need to be prepared for the negotiations in relation to what Working Capital (WC) will need to be in the company on the day of sale. Any amounts higher or lower than this “target” WC on settlement date will mean the sale price will be affected. Our article here, explains this in detail.
Unpaid Employee Superannuation
Recent data collected by Industry Super Australia (ISA) has found that $5 billion in super was not recoverable for workers in the 2018/19 income year. Therefore, ISA is calling upon the government to do more to reduce the missing super to employees. Our article here, explains what tools can be used to recover super and the ISA’s recommendations.
Quote
“Strive not to be a success, but rather to be of value.“
Albert Einstein
Current as of February 2022.
DISCLAIMER
This newsletter has been produced by Kreston Stanley Williamson as a service to its clients and associates. The information contained in the newsletter is of general comment only and is not intended to be advice on any particular matter. Before acting on any areas contained in this newsletter, it is imperative you seek specific advice relating to your particular circumstances. Liability limited by a scheme approved under Professional Standards legislation.
