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Changes to Strata Laws

The New South Wales Government’s Department of Fair Trading is said to be drafting the final Bill which will give effect to its strata law reforms.  Amongst other matters such reversing the default position on tenant pet ownership, these law reforms are designed to...

The need to limit access to start-up tax breaks

In 2009, the Labor government introduced tax changes which saw employees being taxed when share options were received from their company, rather than when the share options were sold or became full shares.  While these changes were implemented in an effort to curb and...

Why should I have a power of attorney?

Power of Freedom Do you really want to have the burden of managing your business’ property and financial affairs while you’re overseas holidaying with your family? What if you suddenly fell ill, wouldn’t it be nice having someone you trust looking after your business?...

Fighting Employee Fraud

Fighting Employee Fraud Acts of fraud aren’t obvious to detect. It is in their very nature that they are concealed. Just as there is no blanket technique used by fraudsters to rip off their employers, there is no blanket technique that can be utilised by employers to...

Most common business startup mistakes

Starting up a business takes a lot of hard work and is daunting to many people. It is often difficult to tell whether or not the business will fail or thrive until after the startup period. You can, however learn from the mistakes that other people have made when...

When Should you Review and Revise your Will?

One of the most common questions people ask about estate planning is when they should review their Will. It’s important to review your Will on a regular basis, to make sure it still reflects your wishes. It is more than likely your wishes will change as you grow...

What to do when customers won’t pay

Unfortunately, when dealing with customers on credit terms, you’re likely to encounter the customer who just doesn’t pay despite having received your goods and/or services. Have policies and procedures in place Having written policies that govern when credit can be...