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Australian SME’s turning to Debtor Finance

More small to medium enterprises (SMEs) are turning to alternate funding to provide working capital as a result of banks increasing reluctance to lend. Turning to Debtor Finance? In recent times, there have been reports of small firms facing difficulties in securing...

When is a reseal of Probate required?

Generally, a reseal of Probate will be required when a deceased owns an asset in another State. This is because Probate only has application within the State or Territory in which it was obtained. The reseal of Probate acts as a confirmation by the Court in which the...

Employers still struggling with unfair dismissal

Unfair dismissal applications have continued to rise in recent years, keeping the Fair Work Commission (FWC) very busy. Last year there were nearly 14,800 unfair dismissal applications lodged. This staggering number suggests that many employers are still struggling...

Why you should have a third party executor

Are you thinking about who to appoint as an executor under your will? It is common for many to appoint a family member as their executor under their will. However, another option which is often overlooked is to appoint a third party as an executor. Third parties that...

Should you Franchise your Business?

Franchising can be a very effective way of expanding and growing your business quickly. For a well-run business, with systems and processes in place, franchising can provide benefits and satisfaction to both parties. When is your business ready to franchise? • You...

Small Business – Planning for the unthinkable

Many individuals put it all on the line in an attempt to set up a successful small business. For many businesses owners the value of their business is their only major financial asset other than their family home. Although the majority would have insurance to protect...

Holiday rentals under greater scrutiny

The Australian Tax Office (ATO) has begun to monitor tax deduction claims made for holiday rental properties much more closely, with the purpose of preventing excessive rental deduction claims. They have advised that they have sent letters to taxpayers in about 500...

Driving Licence Demerit Points System

How does the demerit system work? You accumulate demerit points for certain driving offences you commit. This means that when you first receive your licence you will have zero demerit points. The amount of demerit points you can accumulate over a three year period...