Indirect Taxes in Estate Planning

Effective estate planning is crucial to ensuring that a deceased person’s hard earned wealth is distributed effectively to the intended beneficiaries in a tax efficient manner.  A testator’s failure to plan in advance may mean that a significant portion of their...

Natural Disaster and Personal Leave

An employer needs to ascertain their obligations to their employees in the event that a business has to temporarily close as a result of a natural disaster or emergency. Employers need to be aware of the industrial instrument their employees fall under (i.e. award,...

Will you outlive your retirement savings?

Retirement Savings With the changes to the superannuation laws from 1 July 2017 most pre retirees are concerned that they will outlive their retirement and investment assets in retirement. Others are concerned that they only will have two choices. they either downsize...

Capital Gains Tax Issues for Deceased Estates

It is prudent for testators, executors and beneficiaries to be aware of the Capital Gains Tax (“CGT”) implications for deceased Estates. Effective tax planning can have a significant bearing on the amount of tax paid by the Estate and/or beneficiaries. What is CGT?...

Federal Budget Summary 2017-18

On 9 May 2017, the Treasurer, Mr Scott Morrison, handed down his second Federal Budget. The Budget focuses on gradually returning to surplus over the medium term. It contains significant changes for small businesses, superannuation and the property market. Budget...