Once upon a time… In medieval England, there was no income tax, no capital gains tax, no complex tax code and regulations, and trusts could continue to operate indefinitely. However, this enabled wealthy families to hold property in their trusts indefinitely, or … Continued
Choosing a name for a new company is hard. It is such a crucial element of your business, but coming up with a name that is creative, relevant to the business, unique and unused takes some serious work. We found … Continued
Due to a recent change to the Australian Business Register (ABR) system for applying for Australian Business Numbers (ABNs), we will be changing our ABN application process and increasing the price of our services from 1 February 2015. Background Since … Continued
When it comes to trust property in an SMSF, sometimes a bank or finance company may insist on certain arrangements that may cause issues further down the track. People assume that as a bank or financial institution is requesting it, … Continued
A recent case in the Victorian Supreme Court has provided a timely reminder to trustees of family trusts: in the trust minutes, trustees are better off not explicitly setting out any reason for making a particular decision (such as distributing … Continued