Press releases

Small-to-medium sized businesses in trusts may be forced to restructure

The Federal Government & the Australian Taxation Office (ATO) continued to alienate themselves from the business sector last week with the Tax Office releasing its final ruling on discretionary trusts distributing surplus income to corp... [more]

New regional merger for accounting firm

Building on the recent merger with Kahlefeldt Caspers Pty Ltd, Stuart Heine, Gary Evans and Christine Brindley of RSM Bird Cameron travelled to Hay on June 16 to meet with clients and business leaders in the Hay community. The ... [more]

New Tax Ruling a Blow to Small Business

For many people in small business it is frustrating that, although the Federal Government has recently reduced Company Tax, they have effectively taken away the opportunity of accessing this lower tax rate because many small businesses now ... [more]

Australian workers duped

Australian Workers have been duped and insulted by the Treasurer’s 2010-11 Budget announcement of a “trick and flick” approach to standard deduction for work related expenses and tax agent fees, says Ross Watson of RSM Bird Cameron. ... [more]

Again Not Much Reform for Business

Touted as a ‘no frills’ and no surprises budget after the release of the Henry Review Report, this years federal budget has certainly lived up to that expectation. The government's big picture here is to divert resources away from a rea... [more]

Budget 2010 doesn't go far enough for small business

Budget time is done and dusted with the winners and losers all voicing their opinions.  From a federal perspective with the Governments pre budget announcements on the Henry Review, the 2010 Budget had no real surprises. T... [more]

The Federal Budget's impact on Farmers

The Federal Budget contained some positive changes to the tax system although most changes had already been previously announced. The changes will generally help small business including agricultural businesses and will also be... [more]

What does the Henry Tax Review do for Farmers

The Federal Government’s initial response to the Henry Review of Taxation will be mainly beneficial to farming businesses particularly in regard to capital allowance concessions and superannuation. Capital Allowance Concessio... [more]

What impact will the Henry Review have on the Resources sector

What impact will the Henry Review have on the Resources sector Simon Aitken – RSM Bird Cameron Tax Services Director   The Australian Government has announced two key policy measures in response to Henry's Australia's Future Tax System that... [more]

What does the Henry Tax Review do for Small Business

What does the Henry Tax Review do for Small Business   Rami Brass - Director, Tax Services   The Rudd Government's response to the Henry Tax Review has delivered some major changes for small business, defined as, business with an annual... [more]

Farm reforestation opportunities potentially lucrative

Farm reforestation opportunities potentially lucrative Regardless of which political party is in power and whether there is an Emissions Trading Scheme or not, Australia will still look to carbon storage through reforestation (biosequestration) as... [more]

ASX Listing Rules Need to be Strengthened for Oil or Gas Companies

ASX Listing Rules Need to be Strengthened for Oil or Gas Companies Plans by the ASX to overhaul reporting guidelines for oil and gas companies has been welcomed by national accounting firm RSM Bird Cameron According to RSM Bird Cameron’s Director... [more]

The Henry Review: delay and surprises magnify the impact

The Henry Review: delay and surprises magnify the impact 17 March 2010 - The Federal Treasurer’s weekend speculation regarding the release of the Henry review of the Australian tax system has merely added more fuel to the fire of the ongoing pub... [more]

RSMi Moves Up to 6th Place

RSM International Moves Up to 6th Place in Global Industry Rankings RSM International has risen to 6th place in the global accountancy industry league tables according to a survey released today by the International Accounting Bulletin. Measured on... [more]

Business Acquisition and Impairment Review

GFC has significant impact on M&A activity in Australia in the 2009 financial year RSM Bird Cameron’s 2009 Business Acquisition and Impairment Review, released today, has found a significant decrease in Australian M&A activity durin... [more]

SME owners still optimistic but not retiring soon

SME owners still optimistic but not retiring any time soon Perth, June 16, 2010 – Accounting firm RSM Bird Cameron’s fourth thinkBIG benchmark study into Australia’s small-to-medium enterprises (SMEs) found... [more]

Chattell Mortgage puts 50 percent Investment Allowance claims at risk

Chattell Mortgage Arrangements put 50 per cent Investment Allowance claims at risk Farmers and businesses may miss out on the 50 per cent investment allowance deduction for plant and machinery purchased under a chattel mortgage... [more]

Managing business risks in 2010

Risk management should be of board level concern in 2010 12 November, 2009 – RSM Bird Cameron warns organisations to prepare now for the unexpected in 2010. As 2009 saw company performance affected by natura... [more]

CGT Concessions for Succession Planning

Farm Succession Planning can deliver huge tax benefits Small business capital gains tax (CGT) concessions can provide significant taxation benefits for farming families considering a succession plan to pass the farm to the next... [more]

Preparing your business for the silly season

Top 10 things for businesses to do in preparing for 2010 1 December 2009 - While New Year’s Resolutions have become part of our pop culture, and just as easily forgotten in the real world, taking the time to spring clean... [more]

Using investment allowance for farm sheds

Farmers can use 50 per cent investment allowance on the purchase of a new farm shed 3 December 2009, Australia - Having already taken advantage of the 50% investment allowance by acquiring bigger and better machinery, many farm... [more]

Working capital management needs to be maintained

Working Capital Management Needs To Be Maintained 7 October 2009 - Just because many Australians believe the Global Financial Crisis (GFC) is over does not mean that good management practices put in place during that time shoul... [more]

Passing of NGER Act should not be underestimated

Forget CPRS, NGER Act is in already in operation 5 November 2009 - For most businesses, the reporting deadline of 30 October 2009 for the National Greenhouse and Energy Reporting (NGER) Act 2007 passed with little or no fanfare, but it is somethin... [more]

Deferred Delivery Contracts Essential for Farmers

Deferred Delivery Contracts Essential for Farmers 10 September 2009 – With Grain buyers offering premiums for early commitment pool contracts, many farmers will be reviewing their grain selling opportunities now but must consider taxation and othe... [more]

SMEs are yet to feel the full force of the global financial crisis (GFC)

SMEs are yet to feel the full force of the global financial crisis (GFC) September 2009 As the global financial crisis tightens its grip on the economy, insolvency practitioners are warning that small and medium-sized (SMEs) com... [more]

Introduction of ETS may be likened to paying GST of 12% instead of 10%

Introduction of ETS may be likened to paying GST at a rate of 12% instead of 10% 18 August 2009 With the Federal Government agreeing to separate the renewable energy legislation from the emissions trading bill, far... [more]

Investment Allowance Tax Feast Ends Soon

Investment Allowance Tax Feast Ends Soon 18 August 2009 Businesses may have until 31st December 2009 to feast on tax deductions provided by the Federal Government for the purchase of new plant and machinery but RSM... [more]

Carbon credit system taxing to Australian agriculture

Carbon credit system is taxing to Australian agriculture 10 August 2009   Farmers could be hit with significant tax bills from free or subsidised carbon credits allocated under the emissions tradi... [more]

Financial statements and balance sheets under severe scrutiny this year

Financial statements and balance sheets under severe scrutiny this year June 2009 With the 30 June financial year end fast approaching, the impact to an entity’s financial statements as a result of the global fin... [more]

Investment Allowance Incentive Delivers Up To 50% Tax Break

Investment Allowance Incentive Delivers Up To 50% Tax Break For business owners it’s a once in a ‘recession’s lifetime’ opportunity to get more bang for your buck!  If you are a business owner and in need... [more]

New borrowing rules for Superannuation funds can increase your wealth

New borrowing rules for Superannuation funds can increase your wealth The May 2009 budget announcements significantly reduced the contribution limits for all Australians. Whilst the proposed non concessional limit’s indexatio... [more]

Federal Budget impact on Small Business

2009 Federal Budget Impact on Small Business A $57.6 billion budget deficit is centred on propping up an economy faced with the collapse of the mining boom and the global financial crisis. The massive nation building infrastruc... [more]

Investing in Bank Shares

Investing In Bank Shares March 2009 Some people might think that investing in bank shares today is a good idea. This article takes a devil’s advocate position against those that might think it is a good time to b... [more]

RSM Bird Cameron Economic Drivers Survey findings released

RSM Bird Cameron Economic Drivers Survey findings released December 30, 2008   89% of businesses owners concerned about business viability RSM Bird Cameron today released the findings... [more]

O’Callaghans Business Advisers Joins RSM Bird Cameron

O’Callaghans Business Advisers Joins RSM Bird Cameron 25 September 2008 RSM Bird Cameron today announced its intention to merge with O’Callaghans Business Advisers, strengthening its presence in the Riverina Mu... [more]

RSM Bird Cameron “Doing Business in China” the real deal forums

RSM Bird Cameron "Doing Business in China" the real deal forums 7 October 2008 RSM Bird Cameron, the largest mid-tier accounting firm in Australia will conduct a national series of ‘Doing Business in China... [more]

RSM Bird Cameron predicts more pain to come in the credit crunch

RSM Bird Cameron predicts more pain to come in the credit crunch August 22, 2008 Neil Cribb, head of RSM Bird Cameron’s Turnaround and Insolvency Group, today said alarming signs being experienced in the middle m... [more]

Succession Planning Daunting SMEs

Research Finds Succession Planning Daunting SMEs 23 October 2007 New research sponsored by RSM Bird Cameron has found that SME owners find completing a succession plan one of the hardest tasks they undertake. ... [more]

SME Owners Risking Wealth Realisation

Research Finds SME Owners Risking Wealth Realisation 23 October 2007 New research sponsored by RSM Bird Cameron has found that the majority of SME owners do not have an exit plan to realise the wealth they have cre... [more]

SME Owners Not Prepared for Retirement

Research Finds SME Owners Not Prepared for Retirement 23 October 2007 New research sponsored by RSM Bird Cameron has found that the majority of SME owners do not have adequate superannuation provisions for their re... [more]

Loan reclassifications

Loan reclassifications Amidst the masses of commentary around the likelihood of asset write-downs this reporting period as a result of the current economic environment, there is another issue that has received less attention bu... [more]

SME Growth Constrained by Access to Capital

Research Finds SME Growth Constrained by Access to Capital 23 October 2007 New research sponsored by RSM Bird Cameron has found that SME owners find access to capital the most significant barrier to growth. ... [more]

Business Planning for SMEs Can Double Growth Rates

Research Finds Business Planning for SMEs Can Double Growth Rates 23 October 2007 New research sponsored by RSM Bird Cameron has found that SME owners are missing out on growth opportunities because they do not com... [more]

SME Owners Work Hard But Won't Retire Rich

Research Finds SME Owners Work Hard but Won't Retire Rich 23 October 2007 New research sponsored by RSM Bird Cameron has found that SME owners are largely short-changing themselves in terms of creating wealth from ... [more]

SME Owners Value Lifestyle over Wealth

Research Finds SME Owners Value Lifestyle over Wealth 22 October 2007 New research sponsored by RSM Bird Cameron has found that SME owners are motivated to start their businesses by lifestyle considerations more th... [more]

GST_10_years_on

GST – 10 years on The introduction of GST on 1st July, 2000 has had a remarkable (and positive) impact on the SME sector, particularly for micro SMEs in Australia. There is no doubt that the record keeping associated with GST... [more]

Foreign_Employment_Income

Foreign Employment Income - Tips and Traps for the Clever Expat For employees completing their 2010 income tax returns, it is an opportune time to remind them that recent changes to the law mean that they are now taxed in Austr... [more]

New_Staff_Appointments

National Chartered Accounting firm RSM Bird Cameron has welcomed the appointment of four Partners and nine Principals to its Australian practice this week. RSM Bird Cameron National Chairman Kim Hutchinson (also reappointed for... [more]

SMEs_to_get_a_reality_check_in_2010

The global financial crisis (GFC) has had an enormous impact on all global economies and yet in Australia we have been fortunate enough to remain out of a ‘technical’ recession. In this country there has almost been an over... [more]