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The Tax Commissioner’s hit list

Every so often the Australian Taxation Office (ATO) sends a ‘shot across the bow’ warning taxpayers where their gaze is focussed. Individuals – the hit list Claims for work-related expenses that are unusually high relative to others across comparable industries and occupations; Excessive rental property expenses; Non-commercial rental income received…

Using super to save for your first home

Using super to save for your first home Saving for a first home is hard. From 1 July 2018, the first home savers schema will enable first-home buyers to save for a deposit inside their superannuation account, attracting the tax incentives and some of the earning benefits of superannuation. Home…

WHAT’S INVOLVED IN SELLING YOUR BUSINESS?

WHAT'S INVOLVED IN SELLING YOUR BUSINESS? Selling your business can be a stressful time and unless you’ve done it before, it’s hard to know what to expect or what’s required to get the right result.  We’ve put together the top issues for business owners or investors to maximise their results.…

MARRIAGE BREAKDOWN

Marriage Breakdown Marriage Breakdown: One third of Australian marriages end up in Divorce.  So anyone entering a relationship with considering more assets than their partner should consider a pre-Nuptial Agreement. Marriage Breakdown A pre-Nuptial Agreement, called a Binding Financial Agreement is for spouses who have significantly more assets than their…

What is a Statutory Demand

As the name implies, a statutory demand is a serious legal injunction. Whether your business finds itself in the position of issuing or receiving a statutory demand, the process should never be taken lightly—and you should always review your situation with a certified professional. Questions about statutory demands in general?…

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