Although we are only at the tip of the iceberg of blockchain’s immense potential, industry leaders like Bob Greifeld, CEO of Nasdaq, have already pegged the emerging technology as “the biggest opportunity set we can think of over the next decade”.i From the humble origins of Bitcoin, blockchain has since captured the imagination of everyone… Read more »
What’s the difference? There are two types of tenancy agreements. A fixed tenancy agreement has a term for a specified period of time (e.g. 6 months or 1 year etc.) and will include an end date. A fixed term can be used at either the start of tenancy or at the time when the parties… Read more »
When purchasing or selling a property or offering finance, you need a clearance certificate. A clearance certificate provides certainty to purchasers regarding their withholding obligations. It confirms the withholding tax is not applicable to the transaction.
It probably comes as no surprise to anyone that there is a significant under insurance gap between what we would need to maintain our standard of living should the unthinkable happen, and what we are actually covered for in the way of insurance.
Broadly speaking, employees who travel overnight in carrying out their work are usually entitled to claim a tax deduction for the cost of meals, accommodation and/or incidentals (e.g., taxi fares) they incur in connection with that travel. If you have employees that travel for work, you may be required to pay a travel allowance to… Read more »
If a person (or debtor) owes you or your business more than $5,000 you may be able to apply to make them bankrupt.
Australians buying their first home or downsizing in retirement are about to receive a helping hand thanks to new superannuation rules which come into effect on July 1. From that date, first home buyers will be able to contribute up to $30,000 into their super fund towards a home deposit while downsizers can put up… Read more »
The legislation to introduce the purchaser GST withholding regime for supplies of new residential property has been introduced into Parliament. Once enacted, the changes will come into effect from 1 July 2018.
Until 2010, the Corporations Act 2001 allowed directors to pay a dividend to shareholders if sufficient profits or retained earnings existed (in the current year). Surprisingly, the Act did not specifically require directors to consider the company’s solvency at the time of payment or whether the payment itself would affect the company’s ability to pay… Read more »
Things to Consider Are you considering investing in Bitcoin? If so, be aware of the following potential traps. 1. Assets purchased by a SMSF must be in the name of the Trustee and on behalf of the SMSF.