23 06, 2020

Does your Trust Deed get the best tax outcome?

2020-06-24T16:32:40+09:30

The specific terms of your trust deed can mean you will either save or lose money in income taxes.  It is important your deed is up to date and gives the trustee all the powers it needs to optimise the trust’s tax position.

Does your Trust Deed get the best tax outcome?2020-06-24T16:32:40+09:30
23 06, 2020

What are your rights when your de facto partner dies (in SA)?

2020-06-24T16:33:20+09:30

Do you have the same rights as people who are married? For example, to share in your partner's estate, challenge their Will, get damages for wrongful death, claim super benefits, etc? The short answer is, yes, but…

What are your rights when your de facto partner dies (in SA)?2020-06-24T16:33:20+09:30
22 06, 2020

What happens to my business in a divorce?

2020-06-24T16:33:27+09:30

So you own a business and are embarking on divorce! Not a great combination... Find out what issues you are likely to face, and how you can develop an effective strategy to keep it all together.

What happens to my business in a divorce?2020-06-24T16:33:27+09:30
15 06, 2020

When can you benefit other people under an enduring power of attorney?

2020-06-24T16:33:33+09:30

An enduring power of attorney has the power to make a lot of decisions. However, without good planning, they may still not be able to do what you intend them to do. For example, if you appoint your spouse as your enduring attorney they will not be able to do anything that benefits themselves. Find out how to avoid these pitfalls.

When can you benefit other people under an enduring power of attorney?2020-06-24T16:33:33+09:30
15 06, 2020

What is a Sweat Equity Agreement, and when would you use one?

2020-06-24T16:33:45+09:30

A Sweat Equity Agreement is an agreement between a business and someone providing services, whereby the service provider agrees to take equity in the business, rather than cash. Sounds simple? The devil is in the detail...

What is a Sweat Equity Agreement, and when would you use one?2020-06-24T16:33:45+09:30
9 06, 2020

How to really protect your business name

2020-06-24T16:34:00+09:30

Most people believe that registering a business name means they own that business name – this is not the case in Australia. To obtain the exclusive right to use your business name, you need to register it as a trademark or prove that you hold a trademark at common law.

How to really protect your business name2020-06-24T16:34:00+09:30
3 06, 2020

Appointing an enduring attorney to look after your SMSF while you’re overseas

2020-06-03T13:22:41+09:30

If you are heading overseas for an extended period of time, and have a SMSF, then you need to do some housekeeping before you leave.

Appointing an enduring attorney to look after your SMSF while you’re overseas2020-06-03T13:22:41+09:30
1 06, 2020

Limiting liability is not enough – you also need asset protection

2020-06-04T19:50:18+09:30

New business owners are often told to operate their enterprises through a 'proprietary limited company' to cap their liability if something goes wrong. This is good advice, but it is nowhere near the end of the story. You also need to protect your assets. How does a proprietary limited company work? A proprietary limited [...]

Limiting liability is not enough – you also need asset protection2020-06-04T19:50:18+09:30
27 05, 2020

Will the SA Land Tax changes affect my parents’ pension?

2020-06-03T16:49:56+09:30

We previously talked about how the recent SA land tax changes have significant impacts on trusts (particularly discretionary trusts) that own land (see that here). Those changes mean that trusts will see a substantial increase in their land tax bill from 1 July 2020 unless they nominate one of the trust’s beneficiaries to be [...]

Will the SA Land Tax changes affect my parents’ pension?2020-06-03T16:49:56+09:30
27 05, 2020

SA Land Tax changes for family trusts

2020-06-03T16:50:06+09:30

You may have recently received a letter from RevenueSA asking you to take action in relation to your trust by 3 June 2020.  This is because the SA Government has recently made changes to its land tax law. Find out about your options.

SA Land Tax changes for family trusts2020-06-03T16:50:06+09:30
22 05, 2020

How to pass on your farm

2020-05-27T08:03:05+09:30

How does an older farmer exit farming, fund their retirement and keep the family happy? The average age of a farmer in Australia is 56 years old. If you haven’t yet thought about your retirement and succession plan, now is the time. Handing over control of the farm in exchange for an annual income? [...]

How to pass on your farm2020-05-27T08:03:05+09:30