Federal Budget Summary 2015-2016

The 2015-16 Federal Budget focuses on small businesses with aggregated annual turnover of less than $2 million. 1.    Small business   ·         CGT-roll-over for small business restructures From 01 July 2016 small businesses with an aggregated annual turnover of...

Standing Guarantor for a Partner’s Loan

Partners should think very carefully before guaranteeing a loan. If you guarantee your partner’s loan this will mean that you are responsible for the repayments of the debt if he or she defaults. If the borrower fails to repay the loan then you as guarantor may end up...