The Importance of a Partnership Agreement

30 Sep

When establishing a Partnership Structure, the view of profits and running the business to success overshadows the possibility of any unforeseen circumstances or dispute arising. Therefore, it is always a good idea to establish a Partnership Agreement no matter whether the partnership is made up of individuals or corporations. A partnership agreement is a legally… Read more »

Tax changes in the New Financial Year

26 Jul

Tax changes you may face in the New Financial Year Everyday Australian’s are set to experience several changes in the new financial year that has commenced from 01 July 2019. The tax changes are introduced as a result of the most recent federal budget and are set to affect every Australian individual, family and corporation… Read more »

Thinking of Starting a Business

30 Apr

There are various structures to establishing a business. Our firm specialises in providing a well-tailored structure for every client. The four main and commonly used business structures used in Australia are: Sole trader Partnership Company Trust With each, there comes different business requirements and tax obligations. That’s what makes our firm stand out from most,… Read more »

Process of Obtaining Probate v Letters of Administration

28 Mar

In the state of Victoria, there are various types of grants in obtaining the right to distribute deceased assets or estates by the Supreme Court. These are, through the processes of the role of executor appointed in a valid will or by applying for the role of administrator, through Letters of Administration. However, these vary… Read more »

Off – the – Plan Changes

23 Jan

The Sale of Land Amendment Bill 2018 was passed by Parliament where specific reforms have been implemented regarding the Sunset clause. This will have an affect anyone buying or selling property Off – The – Plan. The Sunset Clause The sunset clause is included in the contract of sale stating the specific time frame in… Read more »

Electronic conveyancing in 2018

31 Jan

Back in April 2015 we were one of the first firms in Victoria to complete an electronic settlement for a conveyancing transaction. We found the process very straight-forward and exciting as it removed the need for parties to run around with cheques, engage settlement agents to attend physical settlements and allowed real-time transfers to occur… Read more »

Structuring Your Property Investment

26 Nov

There are multiple ways in which you can structure your property purchase. Each structure has pros and cons – but each should be considered when purchasing a new investment property and sometimes for the primary residence.   Many of the advantages are not immediately apparent due to the long-term nature of property holdings.  Given the significant… Read more »

Tax Deductions 2015

24 Sep

Often tax payers are unaware of deductions they’re able to claim. Whilst it’s an obligation to pay tax, that doesn’t mean you should be paying more than you have to. Whilst we strongly suggest seeing a professional such as us to prepare your return, having some insight into what you can and can’t claim will… Read more »