In April this year, we published an article regarding the ATO recommencing the issuing of Director Penalty Notices (view article here). During the pandemic, the ATO had offered administrative relief to businesses who were experiencing financial difficulty. However, that relief was always going to come to an end… As at 30 June 2021, the tax [...]
The purchase of a home is a big commitment. Likewise, renovation or building works to such properties also involve large lots of energy, time and expense. Building and construction works by their very nature are complex, with many moving pieces. There are ways however, to minimise potential issues. Firstly, for domestic building works that are [...]
A common mode of entering into a new business with co-investors/partners is through the establishment of a new proprietary limited company in which each party holds shares equivalent to their proportional ownership. But what rules govern the interaction between the new business partners and what rights do they have in the operation of the company [...]
The End of Financial Year (EOFY) is a great time for businesses to check-in on their general practices and procedures when it comes to employing people. Employment in Australia is a highly regulated area of law and one that needs to be strictly complied with in order to avoid potential penalties and lawsuits. Protecting your [...]
