We draw on this experience to understand government sector priorities, the key issues impacting the sector, and possess a keen understanding of the transparent environment, particularly in relation to probity, waste, accountability and performance.
Prosperity has a dedicated audit and assurance group nationally which specialises in the delivery of external and internal audit, assurance and advisory services to the public sector.
Prosperity Salary Packaging was established in 2001 and is one of the leading providers of salary packaging and vehicle leasing services in Australia.
With offices in Sydney, Newcastle and Brisbane and employing over 130 staff, Prosperity has the necessary resources and capacity to service the financial
needs of our clients.
Our salary packaging business services the diverse needs of its individual employer clients throughout Australia. Our clients range from public hospitals, aged care facilities, charities, religious organisations, government agencies (local and state), universities, private schools, listed corporations and private businesses.
Health is changing. Technology disruption, an ageing population, investment interest and demand for health services is driving a paradigm shift in every aspect of how health services are owned, managed, staffed, delivered and evaluated.
At Prosperity Audit Services, we have built a wealth of experience in the Local Government sector over the firm’s 25 year history.
Our role as preferred audit agents for both the New South Wales Audit Office and Queensland Audit Office has enabled us to gain invaluable experience with numerous public sector restructures. We have acted as internal auditors, external auditors as well as providing specialist consulting services to the local government sector.
Jacqui Lambie’s push for a reduction in the ‘backpacker tax’ to 10.5% has won senate approval yesterday.
The Government is planning to remove the immediate tax deduction for depreciating assets costing less than $6,500 and the accelerated depreciation allowances for motor vehicles which are currently available to small businesses (i.e. businesses with an annual aggregate turnover of less than $2 million).
The Asian Financial Forum last month brought together 1200 business leaders from throughout the Asia Pacific region and addressed many of the economic opportunities and issues that matter.
The ATO has recently warned that SMSF income generated from limited recourse borrowing arrangements (LRBAs) deemed to be uncommercial may be subject to high tax rates.
As most of us brace for depths of winter, having recently returned from a whirlwind ten day, invest in Australia roadshow to China things are only getting hotter over there.
What a difference a week makes in politics. A little over a week ago the more radical and negative federal budget measures looked to be under containment.
While interest rates may need to fall a bit further, green shoots of recovery suggest we are at or near the low and more importantly, point to an improvement in economic and profit growth over a 12 month horizon, according to Dr Shane Oliver, Chief Economist from AMP.
The fourth quarter of 2011 was rather lackluster, with Australia declining in confidence and market strength on the equity, commodity and property fronts into year-end.
Following consecutive cuts in April and May, the Reserve Bank of Australia (RBA) left the overnight cash rate unchanged at 3.50% in July and in August.
The budget is coming. With just two weeks to go it looks like, the Government will deliver a budget with a strong long term outlook and an amount of short-term pain including the introduction of a debt levy.
In the wake of the Federal Budget consumer confidence has dipped in the quarter to June and our resilient Australian dollar is continuing to make our domestic outlook more difficult than it needs to be.
Quarter 1 of 2012 brought mixed messages in Australia, with two months of strength, followed by a weaker March.
The last quarter, and more particularly, the last month has seen a fairly negative bias across most Australian and international equity markets.
World markets took a hit last quarter with a myriad of negative or concerning news, ranging from Scotland’s independence referendum, Hong Kong’s pro-democracy protests and the US and several other nations’ air forces entering in to Syria to fight against ISIS.
An old proverb says “people unite over problems but divide over solutions”. The weight of expectation lies heavily on Joe Hockey’s first Federal Budget to solve many many long standing fiscal problems without creating a war in the voter base over the solutions.
Thanks largely to a surge in revenue from economic growth both locally and globally, the budget plans to unleash $13.7b in the form of tax cuts for hardworking middle Australia and pensioners.
Continued investment to drive future growth of the Asia Business Desk
The government has announced that it will freeze the superannuation guarantee at 9.5% until 2021.
As we approach 30 April it is useful time to think about Government incentive programs. This is because 30 April marks 10 months from the end of the financial year and is therefore the deadline for the lodgement of your R&D project details with Austrade.
Prosperity Fountainguard Advisers welcomes the Federal Government initiatives announced under the Industry and Competitiveness Agenda that will expand the Investor Visa Programme.
The Federal Election has come and gone, leaving the result most business owners and investors were expecting but will the confidence instilled by a more stable Government bring the green shoots Australia needs?
It has been a rough week of weather for parts of New South Wales (NSW) and we all know someone who has been affected
After the Federal Treasurer’s rhetoric on his Government being the government for small and medium business, the Federal Budget delivered on 8 May 2012 is remarkable in that if contains no new meaningful support to businesses that are not loss making.
If you are thinking about selling Australian property valued at $2m or more, your ever growing To Do list should include this item: “Get Tax Office clearance certificate”.
Reading the newspaper, one could be forgiven for thinking that the Australian Mining economy had stopped cold.
Disciplinary action from the investigations into corruption in our State and Local Governments littered the press recently, with many Councils and State Government Departments now under increasing internal and external scrutiny over contracts awarded and gifts received.
The sun has risen on first day after the release of the National Commission of Audit (NCOA) report on the efficiency of the Commonwealth Government.
On 1 May 2014 the Federal Government released its National Commission of Audit (NCOA) findings on streamlining the efficiency of government. The comprehensive scope of the report leaves little to the imagination and is expected to form the central blueprint for the 2014 Federal Budget.
From July 1 2014 the ATO will have increased powers to issue a range of penalties to SMSF trustees found to be in breach of superannuation laws.
New South Wales (NSW) has introduced measures to increase its competitiveness in attracting Significant Investor Visa candidates.
We are pleased to confirm that the NSW Government has finally passed changes to stamp duty.
WATCH: Prosperity’s Steve Cribb warns of ATO ramp up on TEN eyewitness news
A significant concession, and improvement, was announced to the Employee Share Scheme rules on Tuesday by the Federal Government.
Take the Prosperity Advisers post-Budget Poll so we can understand your sentiment better.
Following an eventful 18 months in the Courts fighting taxpayers over disputes regarding the effectiveness & legitimacy of distributions by trustees (Bamford’s case), the Tax Office has announced new compliance measures for trustees of discretionary trusts in relation to 2012 trust distributions.
With less than two weeks until the end of the financial year and after a federal budget designed to take away a bigger share of income than in previous years, there is no better time to put some effort into year-end planning.
There is less than a month until the end of the financial year and following on from a very tough Federal Budget this is shaping up to be a very important year-end for tax planning.
As potentially the final act plays out in Treasurer Wayne Swan’s Federal Budget performances, it is perhaps fitting to ask the question – was this long drama a comedy or a tragedy?