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Many of our clients question the need for having to complete their verification of identity. Confirming a person’s identity is an essential and crucial step in property dealings in accordance to the Transfer of Land Act (Vic) 1958 and especially, since the introduction of electronic conveyancing compliance with the Model Participation Rules under the Electronic… Read more »
Many do not realise that more than 60 per cent of small businesses in Australia close within their first three years according to the Australian Bureau of Statistics. An accountant is experienced in the latest taxation laws that may affect your business. Therefore, they know what taxation offsets and expenses you can claim for your… Read more »
A bank or lender may ask you to obtain a solicitor’s certificate in order to be a guarantor for a loan. A great number of clients that approach our firm believe that these are simple signatures that are to be witnessed by a lawyer. However, it is much more complex than that. The main intention… Read more »
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 »
Unless you deal with commercial contracts on a daily basis, considering drafting an agreement that covers your circumstances can be daunting! Of course, some with consider this is a cheaper route to accomplish your objectives, unfortunately this cannot be further from the truth! A well drafted agreement can save you money, by minimising disputes and /or… Read more »
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 »
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 »
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 »
Estate planning can often be a confronting topic to discuss. However, many undervalue the importance of doing so and having a valid up to date will. Besides the fact that it would lighten the burden on your family during a time of mourning the importance includes: Allowing you to choose your preferred executor who is… Read more »
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 »