by ADLV Law Team | 12 - 307, 12 - Manage your taxes, Marketing, Newsletter Published
As a general rule, a company provides its shareholders with ‘limited liability’. This means that the extent of resources a shareholder risks when they invest in an enterprise is limited to the amount of capital they put into the company (or agree to put in). If the company runs out of resources, or gets hit with a nasty surprise, the capital may all be lost, but the shareholders are not obliged to put anything additional in. They have just ‘done their doe’.
The limitation of liability for shareholders has not really changed much over the centuries that limited liability companies have been around. What has changed, is the role and responsibility of directors.
by Andreyev Lawyers | 12 - 81, Blog, Marketing, Newsletter Published
Previously, politicians (most recently, the Shorten Opposition) have proposed halving the CGT discount to 25%, or maybe eliminate it completely. Is this a good idea? Andrew Andreyev shares the simple truth
by Andreyev Lawyers | 12 - 307, 12 - Manage your taxes
The ATO is using Director Penalty Notices more often. However, the ATO officers are only human and they can make mistakes. There are four main ways in which your DPN may be challenged.
by ADLV Law Team | 12 - 118, 12 - Manage your taxes, Marketing, Newsletter Published
If you have a company then you have probably sat in a meeting with your accountant and heard the phrase ‘that may raise Division 7A issues’. Everyone usually then grumbles and nodes wisely, and moves on…Â But you may be asking yourself, ‘what the hell is Division 7A all about?’ Glad you asked.
by ADLV Law Team | 12 - 118, 12 - Manage your taxes, Marketing, Newsletter Published
We are not advocates of higher taxes. But, we are advocates of honest tax policy. So read ‘company tax cut’ as essentially a reduction in Australian tax on foreign investment. Full stop.
by ADLV Law Team | 12 - 81, exblog
Is there any CGT or stamp duty when a joint tenant transfers their interest to the other joint tenant?
