Considering that Australia has a comparatively high percentage of people who are currently aspiring to start their own business over the next 5 years, this topic is highly contemporary and one much sought after.
One is correct in assuming that most successful businesses have a robust plan and thus, as a first set of action, one should put their thoughts down on paper. A Business Plan provides clarity and direction and is result of extensive research. However, that is for another day. (more…)
Many businesses have yet again fallen prey to cyber-criminals with a new scam that has fooled them into losing millions of dollars. The latest scam concerns fake invoices that are made to look as realistic as possible, sent from a legitimate-looking email address and showcasing many of the signs of real invoices.
The critical objective of estate planning is to ensure that the right people get your assets after you pass away. Traditionally this is done via a Will; however, it is now common for a third or more of a family’s wealth to be in superannuation, which is not automatically covered by your will.
Meet Skewie. Yesterday, we had dinner with our friend, Skewie.
He is a mid-aged guy with four grown-up kids. When he found that his beloved was cheating on him, he decided to leave home. He has been homeless from nearly four years now and can pretty much always be found near IGA at Leederville. “She is their mother…I have never told my children and I don’t intend to”…
Does panic set in the moment you receive a call from the ATO or your Accountant telling you that you are about to have your taxes audited? If it does, and you lose your sense of control & begin stressing, the first thing to do is just stop and breathe. Many times, its not what you think it is and you may have a few options on the table should you undergo an audit anyway.
It is a topic that no one likes to think about, but the importance of making a proper Will cannot be emphasised enough.
If a person dies without leaving a Will this is known as dying “intestate”. This can also happen if a person has a will, but the Will is invalid because, for example they did not have proper mental capacity or if the formal requirements for a valid will have not been met.