Guaranteeing a loan? Make sure you are properly protected!
Are you guaranteeing a loan for someone else? Does the lender require a certificate from a lawyer? A guarantee is a promise. A person who guarantees a loan (i.e. the guarantor) accepts the…
Cryptocurrency Crackdown
Under the Australian Taxation system, a taxpayer’s tax liability varies significantly depending on their residency status. Australian residents are taxed not only on their Australian sourced income…
Failure to lodge tax returns
Under the Australian Taxation system, a taxpayer’s tax liability varies significantly depending on their residency status. Australian residents are taxed not only on their Australian sourced income…
Foreign Beneficiary amendment notice
In May 2017 we brought to your attention major changes to Discretionary Trusts as to how assets of Discretionary Trusts may be taxed or dealt with. Extended on two occasions, the NSW Government has…
Should you lease or licence your business premise?
A lease arises when a party grants another party a legal right to exclusive possession of premises for a specified period of time in return for the payment of rent. A lease gives rise to property…
Does your business have a Covid-19 safe plan?
As you will all be aware, the recent outbreak of Novel Coronavirus (COVID-19) has impacted the world on a significant scale and continues to feature heavily in headline news, with recommendations and…
No Will and Multiple ‘Spouses’ – who receives the estate?
When a person dies without a will, the law dictates who the beneficiaries are. A recent NSW case had to decide what happens when a deceased with no will has multiple legal "spouses" at their date of…
Understanding the Small Business Fair Dismissal Code
The Small Business Fair Dismissal Code (the Code) provides a framework for small businesses that affords employees procedural fairness whilst offering a degree of protection to the employer from…
Know Your Rights: Unfair Dismissal
Currently, unfair dismissal claims are inundating the Fair Work Commission with a 65 per cent spike in unfair dismissal applications in comparison to this time last year. Amidst the coronavirus…