News

Debt Collection, Setting Aside Pre-Liquidation Transactions and Safe Harbour

17th December, 2018

There is little point making a sale if you can’t collect the sale proceeds, and therefore it is vital to have an effective credit management methodology that permeates through all phases of the sales cycle. This methodology extends through new client acquisition, ongoing client relationship management and ultimately debt collection.

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Announcement of Two Key Promotions

2nd July, 2018

The Directors of Heard Phillips are delighted to announce the promotion of Alberto Comin to Associate Director and Chris Moody to Manager effective from 1 July.

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NOCLAR, Single Touch Payroll, Illegal Phoenixes, Contracts and Super Amnesty

29th June, 2018

NOCLAR is the widely used abbreviation referring to non-compliance with laws and regulations. The International Ethics Standards Board for Accountants (IESBA) has released an amending standard to the Code of Ethics for Professional Accountants to redefine the accountants’ role when laws or regulations are broken. The standard was developed to partially address ethical lapses that occurred during the global financial crisis in 2008 and became an effective international code from 15 July 2017.

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Government Getting Serious on Super, Good News Stories and Restructuring

6th April, 2018

“It is not acceptable for people not to be paid their superannuation entitlements.” The above is a quote from the January 2018 media release of the Honourable Kelly O’Dwyer MP as she introduced draft legislation intended to create severe penalties for the failure to pay employee superannuation on time. The legislation intends to improve reporting obligations and strengthens arrangements with respect to Director Penalty Notices (“DPN”) and other penalties in an effort to compel greater compliance with companies reporting and paying superannuation.

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