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
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
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 »
Importance of Estate Planning, Wills and Powers of Attorney
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 »
Off – the – Plan Changes
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 »