Autumn 2013

Welcome to the Autumn edition of the NEXT newsletter.

The start to 2013 has proven to be a very busy time for the network.

Internationally we have won the 2013 International Accounting Bulletin "Rising Star Network" award, which recognises our individual excellence, innovative practices and commercial performance.

Nationally, we are holding a number of client seminars in various offices as well as webinar training sessions which provide an update on changes and developments that affect the accountancy profession.

We hope you enjoy our newsletter.

If you would like further information on any of the articles provided please contact your Nexia Representative.

Change is for the better at Nexia the global ‘Rising Star Network’

The Nexia Australia network is undergoing considerable change and with it comes an expectation of adaptability by partners, staff, clients and associates alike to embrace this transformation as we move into the future. Read More »

Further changes to the Statement of Comprehensive Income

Nexia Australia and New Zealand audit and accounting technical director ALETTA BOSHOFF unravels the confusion surrounding the new ‘Statement of Profit or Loss and Other Comprehensive Income’ compared to the previous ‘Statement of Comprehensive Income’ and how it will work for future annual reporting periods. Read More »

Designer at home in his world of converted automobiles

A lifelong passion for the automotive industry by the designer of the lockable ute lid has led Gold Coast businessman Peter Bevitt into a fascinating vocation that would be the envy of all motoring enthusiasts. Read More »

The issues and risks of SMSF limited recourse borrowing

Although Self Managed Superannuation Funds (SMSFs) are normally not permitted to borrow, there are some important exceptions to this rule. One of these is an “SMSF limited recourse borrowing arrangement”, which gets its name because the rights of the lender against the SMSF trustee are limited if the SMSF defaults on the loan. Read More »

Book now for training webinar sessions

Nexia is planning to conduct a further six Financial Reporting Training Webinars during 2013.

The webinars address various financial issues, help prepare you for any changes and provides information on recent developments that affect the accountancy profession. Read More »

Less gain for non-residential investors as laws change

Nexia Australia tax consulting partner in Sydney, STEPHEN ROGERS, suggests that non-resident property investors could look elsewhere for future investments and also have complications with their capital gains tax accounting following the release of draft legislation in Australia to give effect to an announcement made in the last Federal Budget. Read More »

Tax problems when you treat your company business as your personal bank

Nexia Australia national tax director ROELOF VAN DER MERWE explains the tax consequences that can be created when a company’s business is treated as a personal bank and gives an understanding of how to comply with Division 7A provisions. Read More »

Firm Updates

Nexia Australia is inviting clients and their colleagues to learn of the latest developments in accounting through a series of seminars to be held in the various state offices between April and June. Read More »

Tax Diary Reminders

Some important dates for your calendar Read More »

Nexia Melbourne Pty Ltd (ABN 17 386 983 833) is an independent Victorian firm of chartered accountants using the Nexia International trademark under licence. It is affiliated with, but independent from, Nexia Australia Pty Ltd, which is a member of Nexia International, a worldwide network of independent accounting and consulting firms. Neither Nexia International nor Nexia Australia Pty Ltd provide services to clients. Liability limited by a scheme approved under Professional Standards Legislation other than for the acts or omissions of financial services licensees.

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