Understanding and Planning for Contingent Liabilities

The term contingent liability can sound daunting if it is not understood in its simplest form. It can also cause financial devastation if it is not planned for. Therefore, before entering into any…

Why is goodwill important for businesses?

While it is incredibly important to be a well read, educated, smart business person, it is also wise to be an emotionally intelligent business owner.  A business owner needs to remember that their…

Granny Flats & Capital Gains Tax Exemptions

(Budget 2020-21) Many families with elderly relatives, be they aunts, uncles, grandparents or even aging parents, want to be able to invite these family members to live within a reasonable distance…

Does a Trust need an ABN, ACN or TFN?

Using a Trust and Trustee for your business may be the way you need to go to protect your personal assets as well as your businesses assets. However, determining how to set up your business Trust for…

What sort of work-related injuries are covered by workers compensation?

Most people do not get injured at work, but it does happen. Work-related injuries can happen in any work-related environment, however most work-related injuries are connected to an office…

Using a holding company when starting a business

The decision whether to include a holding company as part of your business plan is an important one that has many benefits. However, it is also important to be realistic about limitations of a…