Tax planning plays a vital role in managing finances for businesses in the manufacturing sector. Dianne Pham, Senior Accountant at BlueRock, shares six tax planning strategies that can help manufacturers optimise tax efficiency, reduce tax liabilities, and improve cash flow. Claim deductions for capital expenditures Manufacturers often need to invest in equipment, machinery, and other…
Source: Adobe/Monkey Business Small businesses looking to persevere through harsh trading conditions should monitor their cashflow, recognise the signs of insolvency, and keep an eye on their contracts, according to a new CreditorWatch EOFY survival pack. Released Monday, the credit reporting agencys new paper offers more than a dozen pointers for Australian entrepreneurs to consider…
Source: Straits TimesArticle Date: 03 Jun 2023Author: David Sun About $89.7 million was lost to scams in 2016, with the number ballooning to $660.7 million in 2022. Scams are here to stay, with scammers devising new tactics and technologies to prey on victims. Deputy Public Prosecutor Gordon Oh Chun Wei reveals how the Attorney-Generals Chambers…
Jun 5, 2023 11.30am Union leader turned KPMG partner Paul Howes will lead the big four firms powerful consulting arm from mid-year, part of a restructure putting him in charge of a division that accounts for half of $2 billion in annual revenue. KPMG partner Paul Howes will head the firms consulting arm from the…
NEW DELHI: Insolvency tribunal NCLT approved 180 resolution plans in FY23, the highest-ever number so far, resulting in a total realisation of Rs 51,424 crore from stressed assets. In terms of the realisation for creditors, this is the second highest after FY19, when the total realisation was Rs 1. 11 lakh crore after completing 77…
Operational creditor Section 5(20) of the Insolvency and Bankruptcy Code, 2016 (Code for short) defines the expression operational creditor as a person to whom an operational debt is owed and includes any person to whom such debt has been legally assigned or transferred. Operational debt Section 5(21) of the Code defines the expression operational debt…