Uber has recently lost an 18 month battle with the ATO where the Federal Court ruled that Uber ARE a taxi service. What this means is that Uber drivers, whether they are full time or only casual, will have to pay 10% GST to the ATO on top of the 25% commission to Uber. Uber’s [...]
ASIC has released a Free App for young entrepreneurs to start their own business. The App includes health checks, practical tips, checklists and case studies to assist in the development and ongoing needs of running a small business. ‘First Business’ Thinking about starting your own business? ASIC's First Business app helps you work towards starting [...]
The Personal Property Securities Register(PPSR) came into effect on 30 January 2012. Over 35 other registers were migrated into this new system at this time. The Australian Financial Security Authority (AFSA) imposed a 'grace period' to 30 January 2017 which allowed time to review your registrations and ensure they protect your interests. This [...]
Personal guarantees have become a common part of many commercial transactions, often being provided by company directors and their spouses or relatives. However, in our experience, the extent of such guarantees are often misunderstood and can create unexpected consequences when businesses experience financial difficulty. In extreme circumstances, they can be the cause of relationship breakdowns [...]
