by Debbie Reed, Director Without a valid and appropriate Will, sole directors who are also sole shareholders may leave an uncertain future for their loved ones. Individuals who are both sole company director and sole shareholder run a great risk if they do not have a valid and appropriate Will in place. The consequences of […]
by Terry Edwards, Director If your business employs workers, your legal obligations towards them vary depending on whether they are an ‘employee’ or a ‘contractor’. Getting it wrong may result in penalties for the business, so it is well worth checking the working arrangements you have in place. If you are not meeting PAYGW, super, […]
by David Buchanan, Director & DLA Private Wealth In a recent report by the Australian Prudential Regulation Authority (APRA) there were 590,102 Self-Managed Superannuation Funds in Australia at the close of the March 2017 quarter [1]. This represented an increase of more than 22,000 SMSFs since March 2016, suggesting that Australians favour managing their own […]
At the time of engaging DLA Partners, our client had applied for federal government funding of $8.5M that was conditional upon the completion of specific milestones relating to land ownership, leasing premises and commencement of construction. All this was to be achieved within stringent timeframes. Our client knew he would need help to establish relationships with multiple and diverse stakeholders, seek significant investment and handle all aspects of accounting and financial management.
by Terry Edwards, Director With the end of the financial year fast approaching, it may be tempting to assume that there is no time left for business and tax planning. I disagree. In fact, early June is not too late to take simple action to maximise your financial position, but you need to act now. […]
by Debbie Reed, Director I would like to draw your attention to four proposals in the 2017 Budget which may affect your overall financial strategy. This article highlights a number of groups particularly impacted by Budget announcements including: Taxpayers earning more than $21,335; Retirees who are home owners; Investment property owners; Small business owners. In […]
by David Buchanan, Director In July 2016, legislation changed the way we as your accountant can advise on superannuation and SMSF. In the past, we could do this under the ‘accountants’ exemption’, but not any more. The new law imposed a range of restrictions on all accountants and to put it plainly, without study and […]
by Debbie Reed, Director Every year, business owners resolve to be better organised when it comes to the financial management of their business. Yet year after year we are surprised by the sudden arrival of June 30. This year, turn good intentions into action. Planning now can minimise your tax, grow your wealth and allow […]
by Terry Edwards, Director What would you do if you suddenly had to sell your business? It may seem unlikely, but the unexpected happens all the time. Indeed, I’ve seen it. You may suffer critical ill health, you or your business partner may die, or an unsolicited offer to sell may arrive without warning. And […]
by David Buchanan, Director Major changes to superannuation were legislated in late 2016. They come into effect on 1 July 2017. While the media hype around super may have subsided, the need for action hasn’t. If you have a superannuation fund balance of $1.6M, you wish to salary sacrifice to the maximum cap allowance, or […]