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Month: August 2016

Visit to our Indian Team.

Posted on by Carolina Jaramillo


Visit to our Indian Team.

In mid July I visited our team in Ahemedabad, India.   Ahemedabad has a population of around 7 million and is the sixth largest city in India.

 

It was great to meet the team and get an opportunity to sit down with them, and visits the offices and see the out sourcing operation that is currently providing services to the US, UK, Australia and New Zealand.
The team work only for us, using our systems and procedures.  They are incredibly professional and well trained accountants, with a very strong knowledge of Australian accounting standards and tax law. The company, Bck Offis, is a subsidiary of one of India top accounting practices.
It was not all work and I got the opportunity to visit some amazing temples and taste a lot of the regional food which was fantastic.

However the best part of travel is getting to meet the locals.


I have to thank Namit, Hardik, Punit and the rest of the team for making me feel so welcome and showing me some of their amazing city.
I look forward to returning.

Recently we welcomed 2 staff members to the McAdam Siemon team.

Posted on by Carolina Jaramillo

Olivia has joined the McAdam Siemon team in the position of Reception to gain experience whilst she completes her accounting qualification.

 

Olivia has a background in Criminology and Criminal Justice and has worked with multiple community services organizations. Olivia also has experience in accounting administration having worked for a private accounting firm in the past.

She has recently taken on completing a Master of Professional Accounting as she wishes to pursue a career in Tax Accounting.

She brings with her a passion for customer service and a keen interest in tax accounting.

Madeline joins the team as an Undergraduate Accountant.


Currently completing her final semester at the University of the Sunshine Coast, Maddy will be assisting Samantha O’Rielley in our bookkeeping department.

Preparing your Management Rights for Sale

Posted on by Carolina Jaramillo

          

Preparing your Management Rights for Sale

This week the RAAS group held a conference in order to educate all those interested in preparing their business for sale.  A range of speakers from different specialties, [Accounting, Legal & Banking], were invited to speak to the group at the Maroochydore Surf Club.  Peter O’Rielley from our firm was invited to provide that specialist advice.  From all reports the conference was well attended and participants took the opportunity to educate themselves on some of the issues that need to be considered when preparing for sale.  If you were unable to make the conference but would like to hear more about how McAdam Siemon can assist in this area, then please give Peter a call.

Updated Form  6 from 1 August 2016

Posted on by Carolina Jaramillo

 

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Updated Form  6 from 1 August 2016
Version Number will change to Form 5

The Office of Fair Trading (OFT) has released another version of the Owners Agreements [Form 6] commencing 1 August and replaces the previous version.

The previous version lasted only 1 month, so please take note, it will be superseded when issuing new owner agreements from 1 August.

All previous PAMDA 20A’s and Form 6’s that have been issued prior to this date of course remain in effect and can continue to be relied upon.

Therefore, any new agreement you enter with new owners, the Form 6 that you are required to complete from 1 August 2016, must be on the latest “Form 6 V5 1 August 2016” in order to be valid.

Click here to access this form

New ASIC fees for the 16/17 year

Posted on by Carolina Jaramillo

 

New ASIC fees for the 16/17 year.

To Register a New Company

$469.00 (was $463.00)

Late lodgement fees

If paid within 1 month after payment due date –$76.00 (was $75.00)

If paid after 1 month of payment due date –$316.00 (was $312.00)

Annual Review Fees

Proprietary company –$249.00 (was $246.00)

Special Purpose Company –$47.00 (was $46.00)

Change Company Name

$387.00 (was $382.00)

 

Voluntary Deregistration
$38.00

 

Ransomware Alert

Posted on by Carolina Jaramillo

Ransomeware Alert

Earlier this month, we were alerted by our IT guy regarding a computer virus raring its’ ugly head again.  This virus comes in an email format and has an attachment that if opened is a virus with ransomware.  This is where the virus locks your entire system and you have to pay a Ransom for it to be unlocked. He has advised that in most cases these viruses can cause huge amounts of damage and down time for our business.

We suggest that you check with your IT Provider that they have implemented policies to lock down systems and also implemented multi – layer protection and ensure good backups.