How to pay yourself from your company
Budget Update Notice: The 2026/27 Federal Budget contains proposals that may affect the information in this article. As at the date of this notice, these are proposed measures and have not yet passed into law. We are reviewing and updating our content as the legislative process progresses. If you are making a decision based on […]
It’s all in the name: how to protect your business and domain names
Often, business owners are dealing with problems that they perceive to be important and urgent. They are trying to get a commercial deal done with a third party, they are acquiring a new business, or they are dealing with internal employment matters. Seemingly smaller but potentially more critical issues can get swept under the rug […]
How to protect your business from divorce
Any relationship involving more than one person is complicated. If you are in business with other people, be it your spouse, other family members or a non-family member, a marriage breakdown involving any of these stakeholders will affect the business. Taking the time now to address potential issues arising from a marriage breakdown that may […]
Why every business needs a buy-sell agreement
There is a lot of upside to being in business with someone else – companionship, shared risk and access to complementary skills and greater resources, to name a few. However, if you have a partner or co-owner, it is important to protect yourself against the unexpected – what we call the ‘Seven Ds’: Death, Disability, […]
5 practical reasons you need ‘Terms & Conditions’ in place before you trade
You think you know what’s expected of you. Your customer thinks they know what they’re getting. But who’s right? If you don’t have ‘Terms & Conditions’ in place, chances are you’re both mistaken. Avoid the argument and take the time now to put clear Terms & Conditions in place before you start trading.
Ensuring Compliance: A Checklist for Accountants Handling Statutory Demands
Many companies nominate their accountant’s address as the registered address for their business. This article highlights the danger to a company of not being able to adequately supervise the registered office and the importance of accountants having a system in place for notifying clients of statutory demands. In a recent case, West Homes Australia [2023] […]
5-steps to unlock faster payments from your clients
5-steps to quicker payments from clients.
Breaking the law en masse is not innovative or disruptive. It’s cheating.
If you had sat me down 5-10 years ago and asked me the top 5 things I would like to change about the taxi industry, within about 20 minutes of brainstorming I would have nailed all 5 of the ‘innovations’ that Uber has implemented. It’s all the rage to bag Uber right now, and that is not my point. I am bagging the people who think that Uber was innovative, or disruptive. Uber, as a business model, was simply to break the law en masse. Plain and simple.
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 those clinics. However, recent case law and rulings have changed that. However, […]
Andrew Andreyev chats with Tax Talks about Property Development 101
How would you structure a property development project for tax purposes? Not that you would ever structure something just for tax. Of course tax is just one factor of many you need to consider. In this episode let’s look at the basics. What types of developers are there and what are their tax needs? Should […]