SME & Family Business
Timing important in binding financial agreements
From www.smsfadviser.com: Timing is crucial when establishing a binding financial agreement to avoid negatively impacting a relationship, according to family law partner Justine Woods. … read more
How to Protect Assets from Divorce in Australia
From www.unifiedlawyers.com.au: Protecting assets during a divorce in Australia involves understanding the legal framework of property settlements, which considers both financial and non-financial contributions, … read more
The cost of Coalition’s tax-free lunch plan
From www.unsw.edu.au: The Coalition’s proposed tax-free lunch plan could significantly impact the budget, with estimates ranging from $250 million to as high as $10 … read more
Victorian land tax trust provisions
From sladen.com.au: The Victorian Civil and Administrative Tribunal ruled in the case of Caloutas Family Trust v Commissioner of State Revenue that a son … read more
Draft TD 2024/D3 – Application of section 109U in Division 7A
From www.pitcher.com.au: In December 2024, the Australian Taxation Office published draft taxation determination TD 2024/D3, indicating that a deemed dividend could occur under Division … read more
Lawpath raises $7.5 million to scale its platform
From www.smartcompany.com.au: Lawpath has raised $7.5 million in funding to expand its legal tech platform designed for small businesses, responding to increased demand for … read more
Is the price right? Wage compliance for small business employers
From piperalderman.com.au: The Voluntary Small Business Wage Compliance Code came into effect on January 1, 2025, providing protections for small businesses that unintentionally underpay … read more
Sci-fi movies show the dierction of tech in small business
From blog.xero.com: Science fiction films, such as *Iron Man*, *Ready Player One*, and *Star Trek*, provide insights into the future of technology in small … read more
Risk exposure for family businesses
From cgw.com.au: Family businesses face significant risk exposure in family law property settlements, as the court considers all assets, including business interests, during the … read more
Does your trust deed have appropriate income & streaming powers?
From www.dbalawyers.com.au: Streaming different types of income to beneficiaries in discretionary trusts requires express authorization in the trust deed, otherwise, the ATO expects income … read more
What happens to your inheritance in a divorce or separation?
Inherited property can complicate divorce or separation proceedings, as it raises questions about whether such assets remain with the individual or become part of marital … read more
Related tax Debts
From www.abc.net.au: Millie lost her family home due to a court ruling that held her responsible for her ex-partner’s substantial tax debts, despite her … read more
Succession planning and valuations risks
From johnjeffreystax.com.au: The ATO has intensified its scrutiny of succession planning and asset transfers between generations, mandating that such assets be valued at market … read more
What is a will and how to plan a good death
From www.sbs.com.au: Dani’s experience following her mother’s death highlighted the importance of preparing for the legal and financial complications that arise when someone dies. … read more