Profit sharing without equity: rewarding staff without giving away your business
If you are a business owner looking to reward loyal staff and align incentives, but not ready to part with equity, a profit-sharing arrangement might be the answer.
What legal issues do you need to look out for in 2025?
With the coming of a new year come new ideas, plans and goals. Sometimes these may come about because of a change in circumstances and needs. In other cases, these may be a necessary undertaking due to a change in law, regulation or requirements. Here are some legal issues that we think will be hot issues in 2025 and our tips to help you navigate them.
Payroll Tax Amnesty for Medical Practices in South Australia
Payroll tax applies when the total wages expense for a business equals or exceeds $1.5 million in a financial year. Medical clinics in South Australia have not previously been paying payroll tax for payments made to General Practitioners (GPs) who provide services to...
How to Deal With A Dishonest Power of Attorney in NSW
It is increasingly common practice to have a Power of Attorney drafted alongside your Will. Most people wish to ensure that, should they become incapacitated, someone whom they trust will be able to sign documents for them and make informed decisions about their...
6 steps to a successful redundancy
Redundancies come with a unique set of rules that must be followed carefully. Failing to do so puts employers at risk of facing an unfair dismissal claim from their employees. Get informed and protect your business by following these steps.