Not even your Superannuation is safe from the ATO

Is your superannuation money safe from the ATO?

In the event that you owe money to the ATO, it appears that your super fund is not out of their reach. The ATO has the power to collect monies owed directly from third parties who owe or hold money to or for the debtor. This would seem to include monies held by superannuation funds. Learn more »

What is the Difference between a Justice of the Peace and a Notary Public?

In order to understand the difference between a Justice of the Peace (“JP”) and a Notary Public it is first necessary to define them. Learn more »

Who is responsible – the Builder or the Owner?

From 15 January 2015 the definition of defects under the NSW Home Building Act has changed. The term “structural defect” has been replaced by the new term “major defect in residential building work.” This means that you are now accountable for any issues with any building works which you have carried out that fall within the following table. Learn more »

Issues to be aware of in the transition to a Company Structure

It is common to see small businesses initially operate under a person’s name that is running the business and then transition into a company structure, where the individual becomes the director or shareholder. There are a number of reasons for this transition. One of the major reasons an individual may transition into a company structure is to limit their personal liability. Learn more »

Things to do before June 30

The end of the financial year is fast approaching and there are a range of taxation issues that businesses have to consider. It is important that you are aware of these issues and get everything in order before 30 June 2015. Learn more »

Review your SMSF Investment Strategy

Not only is an Investment Strategy mandatory for all SMSF it is critical to ensure that your superannuation fund maximises the return on its investments and minimises its investment risks. Learn more »

FREE Tax Record Kit

With the new financial year almost upon us, there is no better time than the present to ensure your tax planning is effective and all records are up to date. Most resident tax payers who earn over the tax free threshold during the course of a financial year (1 July – 30 June) are required to submit an individual tax return to the Australian Tax Office. However, certain tax payers whose income is under the threshold may still be required to lodge, depending on their circumstances. Learn more »

Legal Tips for your Business Online

In today’s internet era it is common for organisations to have an online presence, such as a company website or social media platforms. It is important to remember that your organisation has legal responsibilities online, just as it does offline. Here are some legal issues that should be considered when establishing your business online. Learn more »

Why set up a business in Australia?

There are a number of reasons to start up a business in Australia. The following article will highlight some of the advantages of setting up a business in Australia. Learn more »

SMSF: Disqualified Persons

The Commissioner of Taxation recently released the annual report for 2013-14 which highlighted an alarming increase in the number of Self Managed Super Fund (SMSF) trustees that were declared disqualified persons by the ATO. A disqualified person is prohibited from being a trustee or director of a corporate trustee. Prior to setting up a SMSF, it is important that you check that you are not disqualified from acting a trustee as significant penalties apply. Learn more »