It can be easy for your heart to rule your head when you find a business you want to buy. However, if you don't do thorough research before signing on the dotted line, you may regret it. Before buying a business, you need to establish its worth and whether the returns are going to be worth your time and money.
There isn't a genera...
Who would have thought that the passage of legislation through the Senate would become a spectator sport? The highly anticipated new composition of Senators sat for the first time in July with the Government’s Budget reforms before them.
The key item of legislation to actually pass the Senate was the Carbon Tax repeal. The ...
Why the death of your business partners can have dire consequences
Imagine this scenario…. Michael, James, and Nadine are shareholders in a successful business, MJN Solutions. The shares in the company are fairly evenly split reflecting the contribution that each has made to the business, with Michael and James each holding 35% ...
The general rule is that superannuation is not part of your estate unless you expressly make it part of your will, right? Well, maybe not. A recent case before the courts serves as a warning to make sure that you take care of the details.
Generally, superannuation is passed directly to your nominated beneficiaries and not to your estat...
Temporary Budget Repair Levy. Adds 2% to the tax rate for every dollar of a taxpayer’s annual taxable income over $180,000
Increase in the Medicare Levy from 1.5% to 2%
Superannuation Guarantee charge increases from 9.25% to 9.5%.
Aged care reforms introduce new assets tests for resident’s acc...