Dealing with Div 7A

Division 7A is a part of the tax law that is designed to discourage shareholders accessing money from their private companies, other than by way of those private companies paying them dividends. Division 7A does this by treating certain payments and loans made by the...

Family Estrangement and your Will

For some, it is difficult to understand why an adult of full capacity cannot choose to whom they leave their Estate. We hear often of stories of family disharmony, where there has been a falling out in the family and the relationship is estranged. However, having a...

2016 Small business income tax offset

As we all know that the government has introduced new rules to benefit small businesses, such as the $20,000 instant write off for a business asset. In the 2015-16 financial year, another benefit for certain small businesses has been introduced, which is called ‘small...

Be prepared if going it alone

GOING to court without legal representation is daunting for anyone who is not familiar with the law or the court processes. There are many reasons you may find yourself before a court including disputes over debts, with a neighbour, family law matter, a contested will...