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Misconceptions of Estate Planning

Estate Planning allows you to retain control of your assets and enables you to determine who will make decisions on your behalf should you not have the capacity in the future. Essentially, it involves preparing for the disposal of your estate in the event of death....

New Penalty Regime for SMSFs from 1 July 2014

A new Penalty Regime for SMSFs will apply for contraventions that occur on or after 1 July 2014. The new measures will provide the ATO, as the Regulator of SMSFs, with greater flexibility when dealing with a fund’s non-compliance with the law. Where an administrative...

The Simplified Pooling Arrangements

From the 2013 income year the small business entities (SBE) capital allowance rules were amended to make the SBE pooling arrangement simpler. A SBE is a business (including the individual, partnership, company or trust) that carries on the business activity with...

Division 7A and Divorce

The ATO recently released draft taxation ruling TR 2013/D6 which deals with certain income tax consequences that may arise where, as a result of the Family Court ordering that interests in property be altered upon the breakdown of a marriage, money or other property...

Copyright in the Building Industry

Given the rise in copyright infringement claims and growing fears builders are experiencing when investing in designs and plans, confusion has simultaneously arisen as to what copyright actually is. Copyright claims arise under the ambit of the Copyright Act 1968...

Social Media for Businesses

Set up your Business for Success Social media has had a pervasive affect on society. From keeping in touch with family and friends to hosting countless ‘selfies’, no doubt you’ve engaged in one form or another with this well-known medium for connecting. What business...

Value Delivery

Value delivery is exactly as it sounds; the delivery of value to the customer. This can include order processing, inventory management, fulfilment, and customer support. Without value delivery, you can’t be a successful business. Read on to find out everything you...