Reporting and the Australian Charities & Non-For-Profit Commission (ACNC)
Under current ACNC reporting requirements, if a charity is classified as a medium or large category, then it will be required to prepare reviewed/audited financials.
Preparers are required to have a detailed understanding of any specific regulatory requirements that may impact the entity’s financial report.
Employee Entitlements: Discount Rates
Entities can now apply corporate bond rates to their employee provisions in line with the Australian Accounting Standard 119 (AASB 119). These rates are typically higher than government rates and may result in lower employee benefit provisions & expenditure.
It is important to note that corporate rates cannot be applied to not-for-profit or public sector entities.
As part of our ongoing approach of looking at ways we can make things easier and more efficient for our clients, Davidsons are very excited to be able to announce we now have a free App which is ready and waiting to download!
Finance Update - Refinancing Could Save You Thousands
It’s often said that Australians are more likely to divorce their spouse than switch banks. But with plenty of competition in the home loan sector, refinancing can be a good move. There are a number of reasons why you might want to refinance.......
Welcome - Davidsons Finance Services
It is with much excitement that we announce the Davidsons Finance Services team, expanding our service offering from Personal Lending, to now include Insurance and Commercial Lending (Including Equipment Finance, Car Finance or Lending for a new business premise or asset). The team pictured here consists of Damien, Mick (Director), and Jack.
Geelong Young Professionals
It was Davidsons first time co-sponsoring a Geelong Young Professionals networking and workshop event recently along with Coulter Roache. What a great experience!
Scams Targeting ASIC Customers
Scammers pretending to be from ASIC have been contacting registry customers asking them to pay fees and give personal information to renew their business or company name.
Davidsons Winter Series - RGYC
Davidsons are proud sponsors and long term supporters of the Royal Geelong Yacht Club (RGYC). The Davidsons Winter series wrapped up on Sunday 20th of August and Davidsons’ Stephen Kirtley (Director – Audit and Assurance Services) was in attendance to hand over the coveted trophy to the Division 1 and 2 winners.
Small Business Success
The launch of the Geelong Small Business Festival (1st – 31st August) has prompted us to reflect on the importance of small business to our local and state economy. There are over 16,000 businesses currently operating in Geelong, accounting for over 96 per cent of the city’s total business. They are a major contributor to our local economy and a major employing sector.