Where the executor has breached his duties

An action can be taken against the executor in the Supreme Court. An executor’s duties are to preserve, protect and administer the estate diligently so where an estate has suffered waste as a result of deliberate or negligent actions on the part executor this will...

Types of audits

Audits We often get asked about the types of audits we undertake. There are many type of audits and the ones we undertake include: Compliance audit. This is an examination of the policies and procedures of an entity or department, to see if it is in compliance with...

Land Tax – concessions available

Land Tax is payable on the taxable value of all land situated in NSW and is charged on land as owned at midnight on the 31st December each year. Land Tax is payable by the owner of the land on all land owned by that owner in NSW which is not exempt. Joint owners of...

Definition of an Audit

Audit Noun: 1. an official examination and verification of accounts and records, especially of financial accounts. 2. a report or statement reflecting an audit; a final statement of account Verb: 1. To make an audit of; examine (accounts, records, etc) for purposes of...