SW Accountants & Advisors

Individuals and tax professionals in Australia need to understand the deductibility of financial advice fees if they do not run an investment business, as clarified in the Australian Taxation Office's newly published Taxation Determination. TD 2024/7 states that fees incurred before acquiring assets are not deductible, as these expenses are not incurred in producing immediate income and considered capital in nature. For a fee to be deductible, there must be a sufficient link between the expense and the activities that generate assessable income. To learn more about what fees can be deducted under the new Taxation Determination, please visit: https://lnkd.in/gEDbB7mi Contact our SW Accountants & Advisors experts for guidance if you are unsure about which financial advice fees are deductible and which are not. #taxationdetermination #deductiblefees #financialadvice Simon Tucker Antony Cheung Max Pratt Stephen O'Flynn Sam Morris Abi Chellapen

This October, the SW Accountants & Advisors team will take on the One Foot Forward challenge to raise funds for Black Dog Institute and their mental health research so more people can benefit from appropriate support services. Thomas Demel, SW's Senior Manager in Tax and R&D, hopes that more people with mental health issues can receive the support they need: "I'm joining the challenge this year to support those that are experiencing mental health issues and help prevent suicide. I want people to know that they are not alone and I want to raise funds to help provide more services." He adds, "Suicide remains the leading cause of death for Australians aged 15-44, as well as in many parts of the world. I am walking in solidarity not only for those who are facing mental health struggles today but also for those who are no longer with us." SW has a focus on Wellness, with Spring being the quarter that we focus on Mental Health. With October being #MentalHealthMonth, we are proud to once again get involved in One Foot Forward. It is no secret that many Australians suffer from symptoms of mental illness. In fact, every day in Australia, 9 people will die by suicide. Join us this October to walk or run for those who need the professional support. If you would like to donate to support the SW team, please visit https://lnkd.in/gwpnUn3z If you would like to join the One Foot Forward challenge, please visit https://lnkd.in/gbYMPcR6 Your help matters! let's create better mental health for all Australians. If you or someone you know needs help, please call: Lifeline Australia - 13 11 14 Griefline - 1300 845 745 Beyond Blue - 1300 22 4636 StandBy Support After Suicide - 1300 727 247 Caitlyn Castle Liron Rapoport Luke Fernandes Laura Dore Claudia Maguire Georgia Glastonbury Ivana T. Ivana Valuri David Westgate Duane Rogers Lesley Irving Brittany Donaldson Matt Birrell Bessie Yang ZHANG Amanda Lee Stephen O'Flynn Sam Morris Lachlan Murfett Shauna Browning Yang Shi Elma Marrari Justin Batticciotto Elliot Kitchingman

This October, the SW Accountants & Advisors team will take on the One Foot Forward challenge to raise funds for Black Dog Institute and their mental health research so more people can benefit from appropriate support services. Jenni Craig, SW's Senior Manager shares why she is passionate about helping people who are suffering from mental health issues: "With 1 in 5 Australians experiencing a mental illness each year, many of us will know a loved family member, valued colleague or dear friend dealing openly, or sadly, in silence, with a mental health episode. That 1 in 5 may even be ourselves at one point during our life journey.     For me personally, raising two boys, each with their own individual challenges, their mental health during (and post) tough life events was, and is, one of our top priorities. Knowing and understanding how to best support them was difficult and a very new experience for us.    Therefore, I am back for my 3rd year to participate in the One Foot Forward walk, raising vital funds for the Black Dog Institute. Funds raised allow the institute to continue with their world-leading research programs, to provide valuable free resources along with online tools ensuring all Australians have access when needed. The support provided by the Black Dog Institute is for both those experiencing a mental illness and for loved ones needing help with how best to support those we care about.    So, let’s help normalise discussions around mental health, and walk together in solidarity for those experiencing a mental illness. No one should feel alone." SW has a focus on Wellness, with Spring being the quarter that we focus on Mental Health. With October being #MentalHealthMonth, we are proud to once again get involved in One Foot Forward. It is no secret that many Australians suffer from symptoms of mental illness. In fact, every day in Australia, 9 people will die by suicide. Join us this October to walk or run for those who need the professional support. If you would like to donate to support the SW team, please visit https://lnkd.in/gwpnUn3z If you would like to join the One Foot Forward challenge, please visit https://lnkd.in/gbYMPcR6 Your help matters! let's create better mental health for all Australians. If you or someone you know needs help, please call: Lifeline Australia - 13 11 14 Griefline - 1300 845 745 Beyond Blue - 1300 22 4636 Caitlyn Castle Liron Rapoport Luke Fernandes Laura Dore Claudia Maguire Georgia Glastonbury Ivana T. Ivana Valuri David Westgate Duane Rogers Rami Eltchelebi Jeremy Wicht John Dorazio Greg Will Rene Muller John Dorazio Stephen O'Flynn Daniel Minihan 闵德南 Phillip Rundle Thomas Demel Lesley Irving Brittany Donaldson Matt Birrell Bessie Yang ZHANG Amanda Lee

We were honoured to collaborate with GSA Insurance Brokers this week to host a boardroom lunch at our Melbourne office. SW Accountants & Advisors' Simon Tucker, Rami Eltchelebi, and Stephen O'Flynn, along with GSA's Charles Galayini, Ryan Neary and Tim Wight led the session, sharing valuable insights into the key risks and opportunities facing Property Funds over the next 12 months. The team fostered engaging discussions among attendees, making the session truly impactful. Congratulations to the team for a successful event! Dion Andrews Martin Poole Kelly Barker Peter Hulbert Bill Thurgood David Nelson Michael Dickson Harley Kras Deep Kotak Matthew Sweeney Daniel Miller Michael Wilde Anita Young Michael Suckling #Propertyfunds

We are thrilled to be returning to International Mining and Resources Conference (IMARC) with Blayney Morgan, Chair of SW Accountants & Advisors Energy & Resources Industry Group, as the facilitator for the topic "Financing Critical Minerals Opportunities." Joined by Daniel Smart, General Manager, Institutional - Domestic at Export Finance Australia, Dean McPherson, TMX Group Head of Business Development - Global Mining, Todd Warren, Partner and Head of Research at Tribeca Investment Partners, and Olimpia Pilch, Critical Minerals Association Australia (CMAA) Director, this panel is not to be missed for investors eager to hear from experts about critical minerals investment. Blayney expresses, "I am honoured to facilitate such an important discussion with some of the most influential industry leaders, and I look forward to connecting with the decision makers and investors at IMARC to talk about all things Mining and Resources." IMARC boasts an impressive opportunity for companies in this space, with over 9,000 attendees from across 120 countries. There are 600 speakers, 800 mining companies in attendance and around 500 exhibitors - all with great services and products to share. We're excited to be part of the story and hope to see you there at Caterpillar Inc. Energy Transition & Decarbonisation Theatre at International Convention Centre Sydney (ICC Sydney). Click below for more information: https://lnkd.in/gnBRAwYk Sean Rooney Bessie Yang ZHANG Rick Hemphill Matt Birrell John Dorazio Richard Gregson Vikas Nahar, CFA Thomas Demel Jimmy Cao Tom Mullarkey Wanbo (Leo) Luan Richard Morrow FAusIMM Daren Yeoh Paul Phelan Sherene Asnasyous Matthew Gerber #IMARC2024 #Resources #Mining #SDGs

This October marks the 10th Indigenous Business Month—an initiative driven by the alumni of Melbourne Business School’s MURRA Indigenous Business Master Class Program to celebrate First Nations businesses, their stories, and their ways of doing business. The theme for this year - "Making Our Mark", aims to inspire the next generation of First Nations Business leaders. Rahul Sanghani, SW Accountants & Advisors' Associate Director, has been a guest lecturer at MURRA for two years now and attended the MURRA Indigenous Business Leadership Program graduate ceremony last year. He shared, "I am continually amazed by the passion, creativity, and vision of the Murra graduates, who are not only making a mark in their fields but also inspiring the next generation of First Nations business leaders. They embody the future of Indigenous entrepreneurship and innovation, and I am deeply proud to have been part of their journey as a guest lecturer. It has been an honour to witness their growth and success over the past two years." At SW, we are proud to have partnered with Indigenous businesses for many years, empowering Indigenous entrepreneurs and organisations to make their mark by offering tailored services that respect their cultural values and aspirations. Our team has extensive experience working with large Aboriginal corporations, Native Title trusts, Aboriginal-owned businesses, government agencies, and non-Aboriginal corporates partnering with Aboriginal businesses. To learn more about our services for Indigenous businesses, visit: https://lnkd.in/grmMUp3U John Dorazio Richard Gregson Dilin Duwa Centre for Indigenous Business Leadership Kate Morhi Amanda Lee Taylah Cooke Claudia Maguire Maeve Cahill Duane Rogers Hayley Underwood Sam Morris Vikas Nahar, CFA Steve Allan Danny Armstrong Sangeeta Venkatesan Blayney Morgan Matthew Oakey Stephen O'Flynn #IndigenousBusinessMonth #IBM2024 #MakingOurMark

Last week, over 200 influential SW leaders and guests from around the world gathered in Guangzhou for the SW International Partner Conference 2024. This year's theme - "Smart Synergies: Building a Shared Future", explored future opportunities to grow SW International Network as an international professional service provider. Duane Rogers, SW Accountants & Advisors' CEO, remarks, "It was great to reconnect with our fellow SW leaders at the recent SW International Partner Conference. It was the perfect forum to share ideas and experiences." He also shares exciting news, "We are thrilled that SW Australia was selected to host the 2025 SW International Partner Conference in Sydney to celebrate our 90th year as a firm and our 10th year as part of the SW International Network. The SW Guangzhou Partners were incredible hosts and will be a hard act to follow." Mr. Zhang Ke, SW International's Chairman, delivered a keynote speech on the importance of leveraging new technologies and collaborative strategies to drive global growth. He says, "Considering the domestic and international macro-economic contexts, SW International has to adopt an active and forward-thinking approach towards enhancing digital capabilities and growing non-audit services." SW Partners Rami Eltchelebi and Wanbo (Leo) Luan also contributed to the discussions by sharing their insights in a joint speech session and a panel discussion, addressing "Talent Management and Leadership Development" and "Business Development Exchanges" respectively. Mr. Zhang's closing remarks set the tone for next year: "The future belongs to those who can imagine it, visualise it and accomplish it. This is what SW can do! We look forward to gathering in Sydney, Australia next year!” We look forward to welcoming all SW member firms and their leaders to Sydney next year and showing everyone why we are Australia's best kept accounting secret! #SWInternational #catalystforsuccess #takethelead SW India SW Indonesia SW Spain Audit & Advisory SW Hong Kong SW Chile ShineWing TY Teoh Shinewing Singapore SW Germany ShineWing Hameed Chaudhri & Co., Chartered Accountants ShineWing Thailand Roy Lo Michell Suharli Mauricio Benitez 毛瑞修 Loreta Calero Kunal Mehra Marco Carlei Connie Ko Stephen O'Flynn Bessie Yang ZHANG Hayley Underwood Michael Qin Steve Allan Steven Edmonds David Chu Amanda Lee

This October, the SW Accountants & Advisors team will take on the One Foot Forward challenge to raise funds for Black Dog Institute and their mental health research so more people can benefit from appropriate support services. Amanda Lee, SW's Chief Marketing Officer, shares why she is passionate about being part of this challenge to help those in need: "I'm currently completing my Diploma of Mental Health, and having had experience supporting people in this space both formally and informally, with friends and family. Now more than ever I have seen the impact on those that can't access services, so I'm walking to support all those that require help now and maybe in the future." She also applauds the work of the Black Dog Institute: "The work the Black Dog Institute does is second to none. It's my 4th year being involved and it's run so well, with so much care for those participating. Normalising these conversations in the workplace is so important so that people feel they can reach out to get whatever help they need, when they need it. I want people to know that they are not alone." SW has a focus on Wellness, with Spring being the quarter that we focus on Mental Health. With October being Mental Health Month, we are proud to once again get involved in One Foot Forward. It is no secret that many Australians suffer from symptoms of mental illness. In fact, every day in Australia, 9 people will die by suicide. Join us this October to walk or run for those who need the professional support. If you would like to donate to support the SW team, please visit https://lnkd.in/gmpNp54b If you would like to join the One Foot Forward challenge, please visit https://lnkd.in/gbYMPcR6 Your help matters! let's create better mental health for all Australians. If you or someone you know needs help, please call: Lifeline Australia - 13 11 14 Griefline - 1300 845 745 Beyond Blue - 1300 22 4636 Caitlyn Castle Liron Rapoport Luke Fernandes Laura Dore Claudia Maguire Georgia Glastonbury Ivana T. Ivana Valuri Jenni Craig David Westgate Duane Rogers Rami Eltchelebi Jeremy Wicht John Dorazio Rick Hemphill Christine Krause Matthew Oakey Greg Will Hayley Underwood Bill Lang Danny Armstrong Rene Muller John Dorazio Stephen O'Flynn Blayney Morgan Daren Yeoh Steven Edmonds Sam Morris

Large companies in Australia that must lodge financial statements under the Corporations Act, need to prepare for the newly approved sustainability reporting standards by the Australian Accounting Standards Board (AASB). The Australian Parliament passed legislation on mandatory climate reporting, significantly impacting financial reporting. Large companies must disclose climate-related information in their annual reports starting with the financial year ending 31 December 2025. Contact our SW Accountants & Advisors experts to guide your business on your sustainability journey and keep you updated on any Australian reporting developments. Click here to learn more: https://lnkd.in/gPKakfZw Stay informed by registering for our Sustainability Reporting webinar series: https://lnkd.in/g2vhFcPa You can also explore financial reporting further by joining our Financial Reporting webinar series: https://lnkd.in/g5YGFBvH #sustainability #ESG #financialreporting Rene Muller Tom Mullarkey Jimmy Cao John Dorazio Rick Hemphill Hayley Underwood Rami Eltchelebi Bessie Yang ZHANG Trent Godden-Minette Christine Krause Blayney Morgan Laura Toscano Nick Michael Richard Gregson James Serpell

This October, the SW Accountants & Advisors team will take on the One Foot Forward challenge to raise funds for Black Dog Institute and their mental health research so more people can benefit from appropriate support services. One Foot Forward is a virtual walking challenge for everyone to participate in, aimed at creating better mental health for Australians. The challenge is to walk a certain distance of your choice (40km and above!) throughout October to raise funds for their crucial mental health research projects and support services. As one of Australia's leading Medical Research Institutes, Black Dog Institute is dedicated to reducing the impact of mental illness and suicide by providing training and support for Health Professionals, building better mental health in the workplace, creating mentally healthy school environments and more. It is no secret that many Australians suffer from symptoms of mental illness. In fact, every day in Australia, 9 people will die by suicide. Join us this October to walk or run for those who need the professional support. If you would like to donate to support the SW team, please visit https://lnkd.in/gmpNp54b If you would like to join the One Foot Forward challenge, please visit https://lnkd.in/gbYMPcR6 Your help matters! let's create better mental health for all Australians. If you or someone you know needs help, please call: Lifeline Australia - 13 11 14 Griefline - 1300 845 745 Beyond Blue - 1300 22 4636 Amanda Lee Caitlyn Castle Liron Rapoport Luke Fernandes Laura Dore Claudia Maguire Georgia Glastonbury Ivana T. Ivana Valuri Jenni Craig