Hiring a CEO for your growing business, in 5 steps
If you don’t free-up some time to think and execute on the next growth strategy, your business will stall, and maybe even falter. The solution is to hire a replacement, but where do you start?
Overhaul of small business insolvency – what does it mean for you?
Frydenberg’s announcement may help your small business restructure its debt obligations to trade out of the COVID recession.
A dummies guide to unit trusts
What is a unit trust? A unit trust is a trust in which one or more beneficiaries hold ‘defined entitlements’ to the capital and any income of the trust. These fixed defined entitlements are referred to as ‘units’, and the beneficiaries holding...
Six ‘danger zones’ where an accountant should involve a lawyer
Our business clients are facing increasing complexity and higher risks in almost every area of their business life. Navigating these waters requires a team of professionals who work well together, and serve the client’s bests interest as a cohesive group. At the very...
What happens in South Australia when an executor loses mental capacity?
What happens if the executor of an estate or trustee of a testamentary trust loses mental capacity?
Who owns the IP?
So, you’re running a business and need to develop a system to identify trends in customer activity on your website. You’re about to hire a software engineer to lay some code, and the question of who will own the IP comes up in your negotiations over the Software Development Agreement…
What happens in South Australia to jointly held assets if you and your spouse die at the same time?
Do you remember the scene in Titanic where an elderly husband and wife choose to perish together rather than be separated? The couple were Ida Straus and her husband Isador Straus, Macy’s department store co-owner. Hankies aside, this story is interesting from an...
Does your Trust Deed get the best tax outcome?
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.
Do your Trust Minutes and avoid the ‘tax trap’?
The main thing to remember is that trusts can only ever distribute trust law income, as it is defined in the trust deed.
When do you need to have your trust distributions minutes prepared by??
It’s almost 30 June. Have you done your trust distribution minutes?
What are your rights when your de facto partner dies (in SA)?
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 happens to my business in a divorce?
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.
When can you benefit other people under an enduring power of attorney?
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.
What is a ‘Sweat Equity Agreement’, and when would you use one?
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…
Do expats need to have an Australian Will?
If you are living permanently outside of Australia, do you still need an Australian Will? Yes. Find out why.