Our Blog

Making the Best Use of your Time

If you manage a small business, you may feel like there isn’t enough time in the day to get everything done. The biggest downfall for many entrepreneurs is that they are wasting time on low-value activities and confusing busyness with productivity. Ask yourself these...

New Years Marketing Resolutions

New Year’s resolutions don’t always have to be for your personal life, you should also think about making some marketing resolutions for your small business. If you want to succeed in 2017 it is important to set business goals and create strategies for how you are...

Directors’ Fiduciary Duties – What does this mean?

The role of a director is one that draws numerous responsibilities. Directors are considered to have fiduciary duties owed to the company. It is crucial that directors comply with such duties as a failure to do so may leave them personally liable to civil or criminal...

Contesting a Will – Recent Case Law

“Eligible persons” under the Succession Act 2006 (NSW) (“the Act”) may make a Family Provision Claim where they have been inadequately provided for within a deceased person’s Will. Such a claim must be brought within 12 months of the deceased passing away unless the...

Keeping good records: What you need to know

The Australian tax system relies on taxpayers’ self-assessment. This means that you are responsible for working out how much you have to declare and can claim on your tax return. You also need to be able to show how you arrived at these figures and are generally...

How to Legally Maximise Your Tax Deductions

As an Australian resident for tax purposes you are liable to pay an income tax on your taxable income which is calculated by subtracting allowable deductions from assessable income. The greater the deductions that you can claim, the smaller will be the taxable income...

Do you develop Apps and sell them?

The development of an application or app as it is more commonly referred to has created another avenue for individuals to derive income. It seems their is an opportunity for individuals to develop an app for anything, whether it has a specific functional purpose or it...

Unfair Contract Terms and Small Businesses

On 12 November 2016 the Treasury Legislation Amendment (Small Business and Unfair Contract Terms) Act 2015 (Cth) (“the Act”) came into effect amending both the Australian Consumer Law and the Australian Securities and Investment Commission Act 2001 (Cth). The Act...

New reporting requirement for Real Property Transfer

As of July 1 2016 all state and territory revenue collection agencies will be collecting and required to report to the Australian Taxation Office (ATO) information about all transfers of freehold or leasehold interests in real property. Transfers of real property may...

How to Make Sure you are getting paid as a Contractor

If you are working as a builder or independent contractor you will have negotiated a fee for your services and this will form part of your contract. While operating under a contract allows certain level of freedom it is important you are aware of when your contract...