Why you need to update your SMSF Deed
You need an SMSF Deed that keeps pace with legislative and common law changes. A lot of the sophisticated strategies are only possible if your SMSF Deed is up-to-date and written carefully.
Why you need a succession plan for your SMSF
The trustee of your SMSF is all-powerful. The trustee decides how much money you can put in the fund, who else can join, how your money is invested, how much gets paid out to you and when, and finally who gets what’s left over when you die. So how do you ensure the trustee of your fund continues to do the right thing when you can no longer be involved? There are a number of strategies you need to have in place
Avoid Surcharge Land Tax in NSW – Exclude Foreign Beneficiaries from Your Discretionary Trust
If you hold residential land in NSW in a discretionary trust, chances are you will be subject to surcharge land tax due to changes that take effect at midnight on 31 December 2019. We can help you avoid the surcharge.
Surcharge Land Tax and Discretionary Trusts in NSW
If you hold residential land in NSW in a discretionary trust, chances are you will be subject to surcharge land tax. We can help you avoid the surcharge.
Are you breaching the Privacy Act?
Are you protecting your employee’s personal information? If not, you may be breaching your obligations under the Privacy Act 1988.
Our answers to your top 5 questions about Private Ancillary Funds
Do you want to be more strategic in your charitable giving, make a real impact on the community and create a lasting legacy as part of your family’s story? Private Ancillary Funds (PAFs) can be a great option to achieve these goals. To help you decided whether PAF is right for you, we’ve pulled together our answers to 5 questions we are frequently asked by those considering establishing a PAF.
I’m an executor, what do I do?
Disputes involving executors of deceased estates are increasing. Usually, a trusted family member or friend appointed as an executor is just trying to do the right thing by their loved one. So, what are they doing wrong? Read on to find out how you must perform your duties as an executor.
Beware: You could be personally liable for underpaying staff
Given the increasing heat being placed on directors and business owners, it’s important for you to understand the legal requirements and put in place compliance systems so that employees are being paid their legal wages and entitlements.
Careful what you say about the future – misleading representations
It’s not unusual to make a decision to enter into an agreement, based on a statement or promise by the other party about what the future will hold. Then when that promise doesn’t hold or ring true, you could find yourself out of pocket.
Modern employment awards – are you a risky business?
Picture this:
You are a small business owner.
After getting through the first five years of trade, you are starting to see returns on the time, emotion and finances that you have invested into the business.
Then a document comes in the mail and your fortune turns on its head. You are faced with a claim by a former employee and you realise your business is faced with an unexpected liability worth thousands of dollars. All due to a clause nested in a Modern Award that you had simply overlooked or misunderstood.
Here’s how to avoid becoming that business.