HALL CHADWICK ASSOCIATION
NEWSLETTER
AUTUMN 2015
01 CHAIRMAN’S MESSAGE
WORLD CONGRESS
06 AGN
03 RESEARCH & DEVELOPMENT TAX INCENTIVE
08 DOING BUSINESS IN NEW ZEALAND 04 OLD ACCOUNTING SYSTEMS - TIME AND MONEY
09 BABY BOOMERS
05 BENTIVOGLIO - REFRESHER ON
10 HALL CHADWICK ASSOCIATION OUR PEOPLE
LOSSES
NON-COMMERCIAL
A MESSAGE FROM OUR
CHAIRMAN
Brendan Vaughan - Chairman
WILLIAMS HALL CHADWICK
Level 19, 144 Edward Street, Brisbane 4000 QLD T: (07) 3221 2416 F: (07) 3221 8341 E: bvaughan@wpca.com.au
In this Autumn edition of our newsletter, the theme is around change. In the changing of seasons,
we learn to appreciate the beauty of the different colours of our landscape. While there have
been floods in some parts of Queensland following cyclone Marcia, we also note there are
many parts of the country that are in drought. There have been severe heat waves followed by
unusual hail storms in other parts of Australia and New Zealand.
I note from our Christchurch office that they are getting on with the rebuilding of their beautiful
city following the devastation of the 2011 earthquake. Such are the extremes we are facing in
this part of the world.
Other changes are being referred to by our politicians, Intergenerational change has become a
major topic where we are reminded that, within the next five years, the baby boomer generation
will start to pull back from businesses they have established and will move to retirement. Now
more than ever, Accountants will be required to partner with clients to support them through
succession planning in their businesses. One of the tools used is superannuation, along with
open and frank dialogue with family to assess whether these family businesses are to be
passed on to the next generation or whether they are to be sold to an outside party, closed
down or merged with competitors.
There is no one solution that fits all scenarios. An important observation that has been made is
that business planning for the average SME is not just about profits today. It includes planning
for the transfer of business to family or getting the business ready for sale. This planning does
not happen overnight. Planning must take place over many years and the tools used, like up to
date reporting, superannuation, tax planning and correct structuring, are all important. These
tools are then used to feed in to the succession, retirement and estate planning.
The baby boomer generation has accumulated significant wealth within business and other
assets including homes, property and superannuation. In a recent survey, more than 38% of
respondents indicated their intention to transfer wealth and knowledge within the next 5 years.
They will move in to retirement but will need to focus initially on the transfer or sale of business
and growing or maintaining their wealth in the retirement years.
The Australian Treasurer has seized upon this topic referring to the fact that the family businesses
as a sector, represent two thirds of businesses in Australia. This sector is so important within
Australia and New Zealand. This is not just important for the individual family, it is also extremely
important for the future of our countries.
We make reference to Research and Development tax incentives and the importance of
accounting software in business. Use of cloud based software has made business information
accessible any time and anywhere. Tax law is constantly changing as Governments look for
ways to fund the budget deficits. We have an article from our New Zealand office where doing
business in New Zealand is explained. It seems there is no end to clients requiring information
to assist their business operations in all parts of the globe.
I hope you enjoy reading our Autumn newsletter and as always, stay tuned.
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HALL CHADWICK ASSOCIATION
RESEARCH & DEVELOPMENT
TAX INCENTIVE
Tony Cassattai - Director
MAXIM HALL CHADWICK
255 Hay Street, Subiaco 6008 WA
T: (08) 9489 2555 F: (08) 9489 2556 E: tony@maximgroup.com.au
The Research and Development and development activities and iii) An engineering company
(R&D) Tax Incentive provides depreciation of assets used in developing new devices to remotely
a tax offset for eligible R&D conducting such activities. Eligible manage electricity use in order to
and
development improve energy efficiency; and
activities and is targeted toward research
R&D that benefits Australia. The activities are categorised as either iv) A builder who is developing
incentive, which came into effect core or supporting activities.
new building methods to reduce
on 1 July 2011 and replaced the R&D Tax Concession, is geared Core research and development construction times.
towards encouraging companies activities are experimental activities undertaken in order to gain new There is no cap on the amount of
to invest in R&D activities.
information or knowledge. Some R&D expenditure for which the Tax
The Tax Incentive is available to activities are specifically excluded Incentive can apply, however there
companies that are Australian from being core research and must be a minimum of $20,000 in
residents for tax purposes, as well development activities such as eligible expenditure in the income
as foreign companies that carry market research, sales promotion, year the Tax Incentive is applied
on research and development quality control and prospecting or for.
activities through a permanent drilling for minerals or petroleum. establishment in Australia. Certain The R&D Tax Incentive is a powerful
research
and tool in assisting your business in
public trading trusts with a corporate Supporting
development activities are activities developing new income streams, in
trustee may also be eligible.
directly related to, or undertaken improving the efficiency of existing
The Tax Incentive contains the for the dominant purpose of income streams, or in receiving an
supporting, core research and increased benefit for activities you
following two forms of tax offset:
may already be undertaking!
development activities.
• For companies with a group turnover of less than $20 Generally, these activities must be If you believe you may be
million, a refundable 45% (1) tax undertaken in Australia; however, conducting any potential R&D
offset (equivalent to a 150% tax activities undertaken overseas may activities, please contact your Hall
be eligible in limited circumstances Chadwick advisor to discuss a
deduction); and
where they cannot be conducted in R&D Tax Incentive claim for your
• or all other companies, a non- Australia. business.
refundable 40% (1) tax offset (equivalent to a 133% tax Some examples of successful R&D
deduction) which may be carried Tax Incentive claims are listed (1) The Federal Government has introduced
legislation to reduce this rate to 43.5%,
forward if not fully utilised in an below, however these are only a however as of 29 October 2014 this legislation
income year.
few of the many industries that had not yet become law. are able to access the R&D Tax
Through the availability of these Incentive.
higher tax offsets, the Tax Incentive
i) A geophysical consultant developing
is aimed at encouraging a greater
software to computerise new methods of
number of companies to engage
planning oil well sites.
in research and development
activities.
ii) A breeding program for farmed
These tax offsets apply to salmon to improve yield, weight
expenditure on eligible research and quality;
HALL CHADWICK ASSOCIATION
03
OLD ACCOUNTING SYSTEMS - COST YOU
TIME AND MONEY
Tim Hoopman, Cornerstone
HALL CHADWICK
Level 40, 2 Park Street, Sydney 2000 NSW
T: (02) 9263 2600 F: (02) 9263 2800 E: tim@cornerstone-group.com.au
Cash flow management is business tasks and generate
crucial to any business. Poor reports quickly, helping you
cash flow management impacts understand your position better.
a company’s ability to grow or These systems securely link
even just stay afloat, and is one with your bank account meaning
of the main reasons so many reconciliation is quicker too.
businesses eventually close Imagine the time you will save.
their doors.
Being securely cloud-based, these
Compliance requirements with cutting-edge systems allow you to
the Australian Tax Office such access information from anywhere
as Business Activity Statement on any device. Accessing real-time
(BAS), PAYG tax, and employee’s financial data gives businesses
superannuation necessitate having greater control and allows better
the right accounting systems and business decisions to be made.
a bookkeeper in place. Both will
reduce stress over compliance Stockpiling paper receipts?
and keep cash flow on track.
Yet so many business owners Business owners don’t need
continue using out-dated systems to collect every receipt! Forget
such as Excel spreadsheets to spending hours every month
manage their cash flow when collecting and entering receipt
there are a variety of tools that information. According to ATO
make these tasks less stressful. guidelines, receipts can be
Tracking invoices, expenditure captured as a ‘soft copy’, which
and a business’ financial position means you can have an email or
using a simple spreadsheet is an electronic version.
time consuming and costs your
business. Tracking receipts for restaurants,
petrol, hotels, taxis and other
business costs is made easier with
applications such as Receipt Bank.
Scan your receipt using your mobile
phone and Receipt Bank sends
the data to your cloud accounting
system.
This
automation
streamlines the process, saving
you and your bookkeeper time and
money.
Stuck using old accounting systems that is costing your Most business owners are not
thousands of dollars?
across these tools and continue
using old systems and methods to
New cloud accounting software track the financial performance of
options such as Xero and their business.
QuickBooks Online are powerful Identifying which systems will
applications that automate many work for your business needs and
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HALL CHADWICK ASSOCIATION
BENTIVOGLIO - REFRESHER ON NON-COMMERCIAL LOSSES
Gino Malacco - Partner
HALL CHADWICK
Level 40, 2 Park Street, Sydney 2000 NSW
T: (02) 9263 2600 F: (02) 9263 2800 E: gmalacco@hallchadwick.com.au
learning how to implement them In Bentivoglio v FCT, a doctor
simply requires contacting a cloud- carried on an olive grove
based bookkeeping consultancy.
business and sought to apply the
losses incurred by the business
against his professional income.
As he earned over $250,000 in
each relevant income year, he
was unable to satisfy any of the
relevant exceptions, that is:
1. Assessable income test –
assessable income in the current
year of at least $20,000;
Cornerstone makes your business’
2. Profits test – the business
financial management easy.
generated profits in 3 of the last
5 income years;
3. Real property test – the cost
base of real property used in the
business is at least $500,000;
and
4. Other assets test – assets of
the business other than real
property have a value of at least
$100,000.
The Commissioner’s discretion 1. the failure to show that but for
extends to:
the special circumstances, tax
profit would have generated
1. circumstances
where
the
was the relevant test;
business was affected by
special circumstances outside 2. whether it was unreasonable to
the operator’s control;
deny the losses; and
2. if the operator earned less 3. whether there would be a tax
than $250,000 in the previous
profit within a commercially
income year – due to the
viable period.
nature of the business, it has
not satisfied, or will not satisfy Ultimately, the AAT found that
one of the exceptions above
the losses were available
and there is objective evidence
in all but one income year.
from independent sources that
More importantly, the key
is commercially viable for the
points from the decision
industry concerned that the
business will either meet one of
are that individuals earning
the tests or generate profit;
over $250,000 cannot rely
on the general exceptions
3. if the operator earned more
to the non-commercial loss
than $250,000 in the previous
rules and must apply to
income year – due to the
the Commissioner for the
nature of the business there
is objective evidence from
exercise of his discretion
independent sources that is (and face a heavy evidential
commercially viable for the
burden in this regard).
In previous income years, the
industry concerned that the
taxpayer may have been able
business will generate profit.
to satisfy one or more of these
exceptions, however, changes The taxpayer argued special
in 2009 resulted in limiting these circumstances, pest infestation,
exceptions to individuals earning drought, his wife’s illness and
less than $250,000 (factoring industry-wide challenges. in taxable income, reportable fringe benefits, reportable super The AAT held that the pest
contributions and net investment infestation, drought, his wife’s
losses). illness (as she was a key person in
the business) but not the industryTherefore, the only way to utilise wide challenges constituted special
the losses was to apply for the circumstances. However, this was
exercise of the Commissioner’s not the end of the matter, rather the
discretion under section 35-55 of AAT had to consider whether:
the ITAA 1997.
HALL CHADWICK ASSOCIATION
05
AGN WORLD CONGRESS
- NEW DELHI, INDIA 2-4 NOVEMBER 2014
Jane Jackman - Director
HFK
Level 1, 567 Wairakei Road, Russley, Christchurch New Zealand 8053
T: (64) 3 352 9189 F: (64) 3 352 2014 E: JJJ@hfk.co.nz
I was fortunate enough to be looked at systems, are now looking
given the opportunity to attend at the brand and logo and he aims
the AGN World Congress in New to build value for all AGN firms.
Delhi, India this month on behalf AGN stands for Excellence –
of HFK Limited, the New Zealand Connectedness – Personality.
member firm.
We then had a presentation from
The conference was a good mix Chris White, CGW Marketing,
of external speakers, brand and Global Brand Specialist, from the
marketing briefs, special interest UK who discussed brand which
workshops
and
networking gave identity, attached reputation
opportunities. and had expectation. Your brand is
“what other people say about you
A brief summary of the conference when you are not in the room”. programme is outlined here. Brand is also a strategic beacon
The first day both the delegates for staff and a connection. He
and companions were taken on a emphasised that people are very
tour of New Delhi which covered important in the brand experience
visiting a mosque and mausoleum, and if you have the trust of your
riding a rickshaw through the employees you can expect a 200%
markets, visiting a rug factory and increase in the firm’s performance.
having a smorgasbord lunch in a park setting. He had a further session with
delegates on the 7 golden rules of
The next day the conference bid strategy and we covered these
began with an opening address by walking through a simulated
by Malcolm Ward, the new CEO of tender assignment which brought
AGN International. He started with up several obstacles and ethical
a video of Steve Jobs addressing a dilemmas along the way.
group of University graduates and imparting some pearls of wisdom Next up on the first day was Nicci
such as “don’t be trapped by other Roscoe, the Director of Fabulous
people’s dogma”, “go your own Impact, a personal and corporate
way”, “stay hungry”, “stay foolish”, motivational speaker. She covered
“keep looking”, “don’t settle” and topics such as empowering your staff
“connecting the dots” in terms of by showing them the firm’s vision,
events in your life. It was a thought- building rapport and relationships
provoking start to the conference. with clients, get busy living, and
using visualisation techniques for
Malcolm then went on to outline the anything you want to achieve. She
desire to look at the AGN brand but particularly emphasised that soft
emphasised it has to be change skills for all members of your team
worth making. AGN have started are important.
with a change in premises, they have undertaken consultation, Later that day, Russell Tenzer of
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HALL CHADWICK ASSOCIATION
one of the London offices spoke in
his capacity as team leader for the
Business Development Committee.
He wanted to encourage tenders
using firm groups internationally
and set up a database listing all
AGN firms’ skills. This would be
limited to identifying 6 – 10 niche
areas. Once the AGN brand was
developed we would ensure there
were press releases and social
media involvement with customer
service being monitored in terms of
work done via the AGN network.
Malcolm Ward, CEO of AGN,
then had another session on
the marketing cycle and walked
through this with the delegates. He
emphasised targeting people who
are likely to use AGN then getting
on the list and winning the pitch.
Top clients like to associate with
other top clients.
Day Two of the conference in the
morning involved the breakout
technical sessions. The groups
were Accounting and Audit or Tax.
I attended the Accounting and
Audit session which was detailed,
technical and even involved a
multiple choice exam! The focus of
the session was IFRS 15 – Revenue
from Contracts with Customers
and we walked through a series
of examples and suggested how
we would apply IFRS 15 to those
situations. Fraud and personal
examples retold by delegates
were also covered in the technical
breakout session.
We discussed the International
Accounting
and
Auditing
Committee (IAAC) and its role
in supporting members in these
areas including having a database
of experts, publishing a quarterly
newsletter and providing answers
to technical questions with a quick
turnaround.
The afternoon was spent hearing
feedback from the leaders of the
technical group sessions. Then
the Annual General Meeting was
held when it was announced the
next World Congress would be in
Vancouver, Canada in late October
2015.
We then heard from an influential
woman in business in India called
Shalini Kamath who was asked to
give the delegates an insight on
India and doing business in India. It was a fascinating presentation
covering Indian Culture, Hindu
Philosophy, Change and Renewal
and Indian Management Practices
incorporating
culture
and
philosophy. She gave examples of
the latter in terms of the powerful
and large Tata Group and Mahindra
Company. In summary the country is
complex, diverse, has gross
wealth and extreme poverty. She
acknowledged it is hard to do
business in India however, she
The ethos of the Tata Group comes noted that you will see even the
before profits and 67% of the profits very poor appear happy and they
are distributed to Trusts formed won’t be violent or steal.
which cover the Tata “SPICEE” principles which include society, Malcolm Ward then closed the
investors, customers, employees conference with a talk summarising
and environment. Often companies “where to from here” and unveiled
in India will have a Chief Belief the draft new AGN logo that has
Officer to ensure the entities retain been worked on as part of AGN
their “Indianess”.
brand review. She gave the example of India The final event was a gala dinner
Bank who has difficulty firing staff at the hotel which included Indian
as it could have dire ramifications dancers and show, an Indian buffet
for that employee’s family and it is followed by a disco that was a
not in Indian culture. Instead they flashback to the 1970’s. It cemented
move those staff around that aren’t friendships and relationships made
performing and get them into a job and the conference certainly
that is better suited to them and finished on a happy note.
grow them as leaders once they
find their area of suitability.
HALL CHADWICK ASSOCIATION
07
AUSTRALIAN COMPANIES - DOING BUSINESS IN NEW ZEALAND
Greg Cowles - Director
HFK
Level 1, 567 Wairakei Road, Russley, Christchurch New Zealand 8053
T: (64) 3 352 9189 F: (64) 3 352 2014 E:GNC@hfk.co.nz
claim back their NZ expenses. a requirement to file financial
The application process is quite statements with the NZ Companies
arduous but may be worthwhile in office unless they are “large”.
some cases. Under the FRA 2013 a company
will only be required to file if they
ENTITY
are considered “large”.
There are two options regarding A “large” company is defined as
operating a company in NZ
follows -
1. Forming a NZ Company As at the balance date of each of
(Subsidiary) the last two preceding accounting
This would automatically require periods:
you to file tax returns in NZ. Large
Overseas
Companies
There are special requirements and Subsidiaries of Overseas
regarding directors. This is detailed Companies:
further below.
Total assets of the entity and its
2. Register as an Overseas subsidiaries (if any) exceed $20
million; OR
Company (Branch)
This means that the company is Total revenue of the entity and its
registered to do business in NZ subsidiaries (if any) exceeds $10
which is often a requirement for NZ million.
Customs. It enables to company to obtain an IRD number and register Large Companies (25% or > shares
for GST and as an employer (if overseas owned)
necessary). Total assets of the entity and its
The Branch is relatively easy to subsidiaries (if any) exceed $60
GST
register as most of the necessary million; OR
If you are supplying goods or information is provided directly Total revenue of the entity and its
services in New Zealand and your from the ASIC.
subsidiaries (if any) exceeds $30
annual turnover from your New Zealand based activity is expected It would be dependent upon million.
to exceed $60,000, and you expect the existence of a “Permanent to have a presence in New Zealand establishment” as to whether DIRECTORSHIPS
for longer than 6 months you may there would be any Income tax Changes to the requirements
requirements in NZ.
be required to register for GST.
for directors of New Zealand
Companies
There are also new rules since REPORTING REQUIREMENTS
1 April 2014 that allow for Non- residents to register for GST to From 1 April 2014 there is no longer On 11 August 2014 the Companies
TAX STATUS
The double tax agreement (DTA)
between most countries and New
Zealand advises that a company
with a permanent establishment in
New Zealand will have income tax
requirements here. A permanent establishment for a
business is a fixed place where the
business activity is wholly or partly
carried on. This includes a building
or construction site, installation or
assembly project that lasts more
than six months or carrying on
supervisory activities in connection
with a building or construction site,
installation or assembly project for
more than six months.
The permanent establishment
requirements will be dependent
upon the facts in each situation.
If there is no permanent
establishment an entity may
be able to be classed as a
representative office with no NZ
income tax requirements.
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HALL CHADWICK ASSOCIATION
Amendment Act 2014 (Amendment
Act) received Royal assent. This
Amendment Act makes a number
of significant changes to the
Companies Act 1993 (Act), and it
is therefore important for directors
of companies to be aware of. One
of the most significant of these
changes is the introduction of a
requirement for every New Zealand
incorporated company to have:
• a director who lives in New
Zealand; or
• a director who is also a director
of a company incorporated
in, and who also lives in, an
“enforcement country”.
It has been announced that the
Commonwealth of Australia will be
the only “enforcement country” for
the purposes of the new resident
director requirement. However,
it is possible that this list will
be expanded to include other
countries at a later date.
This new requirement for a
company to include a residential
director comes into force on 1 May
2015. However, there will be a 180
day transitional period for existing
companies, who will be required to
meet the new requirements before
28 October 2015.
Directors will need to provide their
date and place of birth, together with
their residential address. Proof will
include a copy of their passport and
two copies of proof of residential
address. Non-resident directors
from enforcement countries will
need to provide certain details
relating to the foreign company of
which they are a director.
BABY BOOMERS
Geoff Birchnell - Manager
WILLIAMS HALL CHADWICK
Level 19, 144 Edward Street, Brisbane 4000 QLD
T: (07) 3221 2416 F: (07) 3221 8341 E: gbirchnell@wpca.com.au
In 2014, the youngest of the Baby
Boomers (those born 1946 - 1964),
celebrated their 50th birthday.
While the celebrations may still
be fresh in our minds, the largest
retirement bubble in history may
be a sobering prospect to many.
In the next 15 years Australia will
witness 5.6 million adults move
from the workforce into retirement.
This creates an unprecedented
demand for the succession
planning, wealth transfer and
group structuring skills that
Chartered Accountants possess.
Recently the Australian Treasurer,
Joe Hockey seized on this topic
and much of the press has
focused on the daunting prospect
of providing retirement benefits
in the coming years. Baby
Boomers have lived through the
most sustained period of peace,
technological and financial change
in human history. This has resulted
in massive accumulation of
wealth in business, property and
superannuation. The challenge is
now to turn bricks and mortar into
retirement and estate plans.
Intergenerational wealth transfer
has become the hot topic. Now
more than ever, the Accountants
role as trusted compliance advisor
must now include facilitation
of retirement and succession
planning. This will require a
wide range of interpersonal and
professional skills as we search
for the most beneficial solution
to unique situations. Every client
will present a diverse set of
circumstances, desired outcomes
and potential issues. We as
Accountants must ensure our ‘tool
kit’ contains the right skills.
A recent study by Bond University
reported that 38% of respondents
indicated their intention to transfer
wealth and knowledge to their
successors within 5 years. For
these baby boomers, it is now
vitally important that discussions
with their Accountant reflect this
desire. For the 66% of people
involved in SME businesses, now
is a great time to start preparing
their business to be ‘sale ready’.
This is vital in ensuring the
maximum value can be realised
from these assets to adequately
provide for retirement.
As Accountants, this creates
a great opportunity to begin a
relationship with the successors of
your business. Some businesses
may be sold, some may merge
but a large number will likely
be passed down to the next
generation. This is the opportunity
for accounting firms to establish
strong relationships with business
successors and assist them in
developing the core skills to
operate a successful business in
today’s modern world.
While this all represents a
significant challenge to Australia, it
is vitally important that clients and
Accountants direct an increasing
amount of their attention to this
issue. Achieving the best outcome
will not only see a financially
secure retirement but also the
maximum wealth and knowledge
transferred to future generations.
HALL CHADWICK ASSOCIATION
09
HALL CHADWICK ASSOCIATION - OUR PEOPLE
QLD
WILLIAMS HALL CHADWICK
NSW
6th Annual MW Recruitment Swimming Carnival
HALL CHADWICK
Williams Hall Chadwick once again entered a team in the 6th annual MW Recruitment swimming carnival
raising funds for Motor Neurone Disease through the MND and Me Foundation. Competing against other Brisbane accounting, law firms and corporates the Williams Hall Chadwick team
participated in and also won a number of individual events in 50metre freestyle and breaststroke as well as
the corporate relays. Brisbane Director, Brett Gillies won his partner’s race but was beaten overall on times
for the partners trophy. Hall Chadwick were pleased to announce 2 new appointments during 2014 to Partner within the Sydney
Hall Chadwick office. Sally Saad and Kathleen Vouris. Both Sally and Kathleen have been instrumental to the continued growth of the firm and we congratulate
them in the next stages of their careers.
In the celebrity charity auction we had the winning bid for Olympic silver medallist Bronte Barratt. Williams
Hall Chadwick, with Bronte’s assistance went on to win the “All Stars” celebrity relay. A special thanks to
all the staff who came and supported on the night. The level of support this year from our firm was fantastic
and we were certainly one of the louder groups in the crowd. The final tally of funds raised for MND and
Me Foundation is expected to exceed $40,000. It was a pleasure to be a part of the event and to support
such a worthwhile charity.
Roma Picnic Races
Sally Saad, Partner
Business Services Division
Kathleen Vouris, Partner
Corporate Insolvency Division
Hall Chadwick Annual Client Cruise 2015
On the 12th March, 2015, Hall Chadwick held their Annual Client Cruise aboard the Starship Sydney for an
evening of entertainment on Sydney Harbour.
Once again, Williams Hall Chadwick were one of the main sponsors of the Roma Picnic races in March,
2015.
John and Patrea Sloman were there to sash the horse in the Williams Hall Chadwick race.
The first race meeting was held in 1901 and it is believed it started after a dispute broke out in a local
shearing shed as to who had the fastest horse.
The Roma picnics are a 2 day event held in Autumn every year featuring a black tie ball the evening before
the 5 race program.
The evening was a huge success with plenty of networking, entertainment and of course fantastic company.
To view a selection of images from the event, please visit www.hallchadwick.com.au 10
HALL CHADWICK ASSOCIATION
HALL CHADWICK ASSOCIATION
11
VIC
HALL CHADWICK
On Thursday, 26 February 2015, the Hall Chadwick Melbourne Office, held their 6th Anniversary
Celebration at Eureka Tower.
It was a great turn out by all clients and a very good chance to thank the Melbourne team, headed
up by David Ross, for their work for the past year.
Geelong Office Opening
Following what has been a successful start to the year for Hall Chadwick and in conjunction with Mr Shanon
Thomson’s background as being a local Geelong person, the Hall Chadwick Geelong Office was established.
We see the need to provide quality accounting services to regional Victoria.
At the Hall Chadwick Geelong office, we will be focusing on providing professional accounting services to
restructure various distressed entities across a range of small to medium businesses. In particular we focus
on the traditional insolvency style of work.
NZ
HFK
HFK are pleased to announce 2 new Associates, Bianca Ryan and Andrew Kidd into their Christchurch
office.
Bianca started at HFK in 2011 after completing a commerce degree at the University of Canterbury, majoring
in Accounting and Human Resource Management. Having completed her Professional Competence
Examination in 2013 Bianca is well on her way to being signed off as a Chartered Accountant. Working in
Business Advisory, Bianca is now excited to continue to develop both her accounting and human resource
skills at HFK, assisting with the firm’s graduate recruitment and training
Andrew completed his Bachelor of Commerce studies in Accounting and Finance at the University of
Canterbury in 2009, joining HFK in the same month. Prior to joining fulltime, Andrew undertook work
experience at HFK during the university holidays as part of the cadet programme. In July 2013, Andrew
was admitted as a Chartered Accountant. Andrew is a part of the Business Services team and is currently
the Partner Manager for Michael Keyse.
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HALL CHADWICK ASSOCIATION
HALL CHADWICK ASSOCIATION
ANNUAL CONFERENCE 2014
On the 20th of November 2014, the Association held their 2014 Annual
Conference. The conference which was hosted by our New Zealand
member firm HFK, took place in the beautiful town of Queenstown, New
Zealand. The ultimate goal for members attending these conferences, is to create
a meaningful few days for all participants via information and knowledge
sharing, to build and develop relationships across firms, to understand
capabilities of other offices and partners and to understand how to
achieve the most from being a member of the Hall Chadwick Association.
For our 2014 conference, we saw 30 such members of the Association
attend from across the different firms, with 2 guests also joining from
AGN International.
The decided theme for the 2014 conference was “Reach for the
Summit”. We were all placed into our teams upon arrival and took part in an
interactive program which encouraged collaboration, team work, strategy,
planning and leadership skills, adding a little fun into the mix throughout.
We then heard from each of the member firms, detailing company
updates, areas of improvements and challenges, future plans and targets
as well as hearing from guest speakers Ian Taylor and Malcolm Ward. The closing of the conference allowed previous chairman David Fairfull,
the opportunity to say goodbye and welcome in our new chairman,
Brendan Vaughan, of Williams Hall Chadwick.
Over the few days, firms were able to share their knowledge, ask questions
and create new relationships making it clear to all how the Hall Chadwick
Association has grown and will continue to grow over the coming years.
After a few days of the conference, it was however time to experience
what Queenstown had to offer with a delicious group dinner taking place
at the Botswana Butchery, a wine tasting tour sampling some of the
worlds best wines and of course the famous Queenstown adrenalin rush
of the Shotover Jet. With a highly successful 2014 conference we now all look forward an
even better event in Perth later this year.
NEW SOUTH WALES
Sydney
Hall Chadwick
sydney@hallchadwick.com.au
Level 40
2 Park Street
Sydney NSW 2000
Tel: +61 2 9263 2600
VICTORIA
Melbourne
Hall Chadwick
melbourne@hallchadwick.com.au
Level 10, 575 Bourke Street
Melbourne Vic 3000
Tel: +61 3 8613 0000
WESTERN AUSTRALIA
Perth
Maxim Hall Chadwick
info@maximgroup.com.au
255 Hay Street
Subiaco, Perth WA 6008
Tel: +61 8 9489 2555
Hall Chadwick – Business Recovery
and Insolvency
perth@hallchadwick.com.au
Level 11, 16 St Georges Terrace
Perth WA 6000
Tel: +61 8 6557 6200
QUEENSLAND
Brisbane
Williams Hall Chadwick
general@wpca.com.au
Level 19
144 Edward Street
Brisbane QLD 4000
Tel: +61 7 3221 2416
Hall Chadwick – Business Recovery
and Insolvency
brisbane@hallchadwick.com.au
Level 19
144 Edward Street
Brisbane QLD 4000
Tel: +61 7 3211 1250
NEW ZEALAND
Christchurch
HFK Limited
info@hfk.co.nz
567 Wairakei Road, Russley
Christchurch 8053 NZ
Tel: +64 3 352 9189
HALL CHADWICK ASSOCIATION
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The information provided in this newsletter does not constitute advice. The information is of a general nature only and does not take into account
your individual objectives, financial situation or needs. It should not be used, relied upon, or treated as a substitute for specific professional advice.
Members of the Hall Chadwick Association recommend that you obtain your own independent professional advice before making any decision in
relation to your particular requirements or circumstances. The material in this newsletter may include views or recommendations of third parties,
which do not necessarily reflect the views of Hall Chadwick, or indicate its commitment to a particular course of action. Links to websites other
than that of are inserted for convenience and do not constitute endorsement of material at those sites, or any associated organisation, product
or service.
WILLIAMS
HALL CHADWICK
CHARTERED ACCOUNTANTS & BUSINESS ADVISORS