Can you borrow money from your own company?

Can you borrow money from your own company? Yes, but be careful the ATO doesn’t tax you on it. Unwritten loans are taxed as dividends by the ATO. But there is a way to avoid this sneaky deeming provision. Read on. Those of you fortunate enough to own your own company...

Estate Planning Essentials – Check List

What you need to know about Estate Planning   Estate Planning Essentials – Check List An estate plan is a combination of documents that specify how you want your assets (including money) to be handled when you die. They normally include a Will (with or without...

Thinking of a advertising your business online?

Thinking of a advertising your business online with a ‘provider’ company’s site in exchange for fees.  You will need one of these.   Online Advertising Agreement A company places its ads on a ‘provider’ company’s site in exchange for fees. The agreement covers: Terms...

How can I prepare for being sick or isolated?

How can I prepare for being sick, or isolated? If you are in isolation or unwell, you can appoint someone to take care of your affairs for you.  A Power of Attorney will appoint someone to manage your affairs if you are unable. An Enduring Guardian will appoint...

Recover Your Debt

Letters of Demand The first step in recovering a debt is well worded letters of demand.  Initial letters of demand should be polite so that a commercial relationship can be preserved if the non-payment is merely an oversight. The intention is to let the recipient know...

What is a Buy Sell or Buy Out Agreement?

A Buy Sell or Buy Out Agreement   A buy/sell agreement is a contract between business partners where the surviving partners buy out the other partner’s interest should a specific event occur. Specific events usually include death, and long-term disability....

Business Purchase Agreement Checklist

Business Purchase Agreement  or Acquisition Contract A Business Purchase Agreement or Business Acquisition Contract is a contract used to transfer the ownership of a business from a seller to a buyer. It includes the terms of the sale, what is or is not included in...

‘This is the year I finally make a will’

‘This is the year I finally make a will’ If you are reading this,  it’s not too late to make a will. Wondering where to begin? Try this. Step 1: Will questionnaire Reply to this email for your free Will questionnaire. You can print it out and fill in the information...

Changes to off-the-plan contract laws commence on 1 December 2019.

​ Changes to off-the-plan contract laws commence on 1 December 2019. Changes to the conveyancing legislation and regulations commence on 1 December 2019 and affect anyone dealing with off the plan sale contracts.   Certain prescribed documents must be attached to...
error: Content is protected !!