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Peter Brock and his will(s)story
Estate Planning
I was reading the Australian's Women's Weekly the other day (as you do) when I came across an article about the estate of Peter Brock. It is a salutary lesson in being prepared for one of the two certainties in life- death. First, a little background. Peter had prepared his first will in 1983. The will was professionally drafted and...
Measuring what matters
Corporate Governance
This column has often discussed the benefits of a board and appropriate governance structures to assist organisations achieve their outcomes. Having a board of skilled directors can provide the strategic guidance to help steer organisations in the right direction and ensure that appropriate risk controls are in place. In the for profit environment, the outcomes being sought can be measured...
Take the guesswork out of business decision-making
Corporate Advisory
Are you looking to make business investment decisions, such as refinancing, acquisitions, internal investments, project investments or capex spend decisions and pricing services, products or tenders? If so, you will be considering how to ensure you have the strongest possible plan for your transaction or business case idea. You will also be keen to show your decision is financially rigorous...
Employee share schemes: start-ups let down by Federal Budget
Business Law
The current tax treatment of employee share schemes in Australia puts our local start-ups at a significant commercial disadvantage to their overseas competitors. Employee share schemes should allow early stage start-ups to attract and retain talented and skilled employees without having to pay them large initial salaries (which the start-ups generally can't afford) by allowing the employees to instead benefit...
Three tips to improve your accounting system
Bookkeeping
Heraclitus, a Greek philosopher said "Change is the only constant in life." As with people, businesses must embrace change. So, this financial year, consider making some changes in your business. 1. Improve your accessibility Technological advancement has accelerated the pace of doing business, hence it is not surprising that business owners find themselves having to multi-task most of the time....
Business taxation debts
Business Advisory
The recent further tightening of fiscal policy may see the ATO increase its activity level in the pursuit of business taxation debts. Where a company is the debtor, the ATO may issue a statutory demand, under the Corporations Act 2001, in seeking to recover the outstanding amount. In addition, the ATO may also issue a Director Penalty Notice ("DPN"). Unless...
Going green: is it worth the energy?
Banking
Making a house truly energy-efficient takes more than simply switching a few light bulbs. So, is green renovation worth it for an investor? Many experts, like Associate Professor Stuart McAuliffe of Bond University's Institute of Sustainable Development and Architecture, believe it is. He maintains that consumer demand for sustainable products is increasing.1 For example, he says, the huge demand for...
What’s happening in your super?
Accounting
This update covers announcements in the Budget and other changes over recent months. As Budget announcements may not necessarily become law, they are subject to change. Tax deductible contribution caps From 1 July 2014 the concessional contribution cap will rise from $25,000 to $30,000. In addition, anyone aged 50 or more at any time during the year may contribute up...
User experience is the key to success
Expert Advice
Steve Jobs once said: design is not just what it looks like or feels like, it is how it works. Every user is different and so is every website or app. In many cases, the engagement and interactivity boils down to one thing; how user-friendly it looks and feels to your users. User experience (abbreviated as UX) is exactly that;...
Three steps to buying an established business
Features
There is much to be said for buying a business that's already proven, and it does have its advantages over investing in a greenfield business. In most cases, buying an existing business is less risky as you take over an operation that has already generated cash flows and profits. You have an established customer base, reputation and employees who are...
OPC and Koomarri
Features
"By investing in IT, our aim is to cut administration time, and re-direct the hours saved back into providing front-line services. Koomarri is the leading specialist disability service provider in our region founded over 60 years ago by families wanting to support a member with a disability. Their vision is to support people to achieve their life goals, dreams and...
Challenging a will can be risky business
Features
The judgement in the recent New South Wales Supreme Court decision Friend v Brien stated the following: It is difficult for parties to assess the likely outcome of a claim for a family provision order. The criteria to be applied are so general and the judgement to be made so evaluative that the same facts can appeal to different judges...
A time to celebrate
Cover Story
"IT'S IMPORTANT TO ACKNOWLEDGE AND CELEBRATE SUCCESS" "Bradley Allen Love Lawyers has gone from strength to strength since the merger of well-known firms Williams Love & Nicol Lawyers and Bradley Allen Lawyers in September 2012," Managing Legal Director, John Wilson said. "To support the firm's continued success and growth in operations, we're pleased to be able to accommodate our eighty...
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