Dying without a will (QLD)
What happens if I die without a will in Queensland? In Queensland, if you pass away without a will in place, you are considered to have died intestate. Therefore, the next of kin (usually a spouse or de facto partner) is given the role of administering the deceased’s estate. This cannot occur until after the […]
Dying without a will (NSW)
What happens if I die without a will in New South Wales? If you die in New South Wales without a will, you are considered to have died intestate. Usually, a grant of Letters of Administration will then be applied for, and your estate will be passed on to eligible relatives as per the Succession […]
Taxation of Cryptocurrency
Craig Dangar looks at the consequence of crypto currency from the perspective of taxation and how it can be treated. 1. A cryptocurrency similar to Bitcoin is not a “currency” for tax purposes The ATO in its published guidelines states that Bitcoin is not a currency, but rather is treated as an asset, the price of […]
Basics of shareholder agreements
You are not legally required to have a shareholder’s agreement, but the chances of you encountering problems and disputes are very high if you don’t have one in place. Why do I need a shareholders agreement? A shareholder’s agreement is a binding contract that is negotiated by the shareholders of a company which controls their […]
Working with our estate planning solutions
Finding a commercial team to assist you in developing an estate planning offering can be a minefield. Ensuring that the tax outcomes are maximised to the detriment of the succession plan or alternative tax is not considered to be a core component of the proposal put forward. We are different. Working closely with our aligned […]
Behind in superannuation payment
A good sign of problems in the business are that you are behind in your superannuation for staff, and it is one area that things can escalate quickly. Industry funds Where you have staff that are members of an industry fund, if payments are made late, the fund can commence recovery proceedings, either through court […]
Dealing with social media
Small business can often live and die by social media and the influence of customers and staff, what messaging is necessary though and how can you deal with the negative aspects of this. Failing to address social media concerns can be damaging to the business but equally fueling a problem by over engagement or justification […]
Succession planning for business
For many business owners, the objective is to pass a profitable and successful business through to the next generation, but this is not something that simply happens and the planning you undertake for a business sale should be similar to transferring a business within the family group. If you are a business owner, you may […]
Communicating with staff during a restructure
Staff are the most important part of your business and communicating with them during the period of a restructure can make or break the business. If there are going to be redundancies or terminations this should be something that is communicated early to allow staff to look for alternative options.
Superannuation and death – recent decision
Recent Case You may have seen in the news last year that an Australian father who was in the Defence Force unexpectedly passed away, leaving behind two young daughters. The father had a relatively new girlfriend at the time of his death and signed a statutory declaration in 2014 stating that his girlfriend was his […]
