Simple Steps for Reducing Credit Card Debt

Credit cards are an important and useful instrument in managing finances but, for many, debts can swiftly get out of hand. If you find yourself in this situation, reducing credit card debt effectively can suddenly seem like an insurmountable task. It is possible,...

Business Budgeting Tips for the New Year

January is a good time to consider what’s ahead for your business – whether you want to expand, diversify or continue to operate smoothly – and a large part of being able to achieve your New Year goals is having a solid business budget in place. Creating a budget is...

Beware of royalty payments to non-residents

When you make a certain payment (eg. dividends, interest and royalties) to non-residents you are required to withhold and remit tax to the Australian Taxation Office (“ATO”). A non- resident can be an individual, company, partnership, trust or super fund. In relation...

GST Clauses in Real Estate Contracts

Look Carefully for GST Goods and Services Tax (GST) was introduced on 1 July 2000. How does GST work? Broadly, GST is 10% tax that you must pay on goods and services and other items that you have sold or consumed in Australia. GST registered businesses will usually...