Latest ATO benchmarks released

The ATO as released updated benchmark data to ‘help small businesses across the country….. gauge the strength of their business and keep an eye on their competition”. The benchmarks also help the ATO identify small businesses that may be doing the wrong thing and not...

Don’t delay – Prepare your will now!

Drivas v Jakopovic [2018] NSWSC 1803 In 2007, Marija Jakopovic made a will leaving 60 percent of her estate to her daughter, Branka, because of the daily attention to her needs. She received treatment from a neurologist for dementia, obtained a Mini Mental score...

Claiming deductions for personal super contributions

There are many deductions for the taxpayer to claim in his/her Tax return during the financial year 2018. One of them is tax deduction for personal super contributions. You may be able to claim a tax deduction for personal super contributions that you made to your...

The removal of an Executor

Once probate has been granted by the Supreme Court of New South Wales, an executor will not be able to renounce their position or delegate their duties to another person. However, an executor may appoint the NSW Trustee and Guardian or a trustee company to be executor...