The end of the financial year is fast approaching. Have you made a start on your trust distribution minute and/or intend to pay your beneficiaries a dividend? If you have a discretionary trust, then 30 June 2023 is an important date for you. The purpose of a trust is to separate the legal and beneficial …
Trust Distribution Minutes and Dividend Statements: what you need to know before June 30 Read More »
It’s almost 30 June. Have you done your trust distribution minute and/or intend to pay your beneficiaries a dividend? If you have a discretionary trust, then 30 June is an important date for you. The purpose of a trust is to separate the legal and beneficial ownership of assets. The legal ownership of the asset …
Trust Distribution Minutes and Dividend Statements: what you need to know before June 30 Read More »
Currently, small employers (19 or less) are exempt from reporting ‘closely held payees’ through Single Touch Payroll (STP). Micro employers (4 or less) have also had the option of quarterly STP reporting. Changes to these STP concessions will end on 30 June 2021. Small employers have had some concessions when it comes to reporting their …
Changes to STP and concessions ending 30 June 2021 Read More »
Following a review of Australia’s business registers, Directors will be required to register for a new lifetime director ID number, much like a tax file number. The introduction of the new lifetime Director Identification Number (DIN) regime is part of the Government’s Modernisation of Business Registers (MBR) Program creating greater transparency and monitoring of the …
What you need to know about the new Lifetime Director ID Number Read More »
As New Year resolution time rolls around, spare a thought for your business, because every business can benefit from a few resolutions of its own. Here are a few ideas that any business can build some New Year resolutions around. Make sure you have an up to date business plan. Many business plans sit gathering …
Author: Niall Powell, Special Counsel, JHK Legal. A recent decision of the Queensland Supreme Court has relevance to duty considerations for estate planning. In Queensland, the assets of a deceased person are subject to potential family provision application claims. The result of any such claim is that the Court is able to reallocate and redistribute …
Author: Sarah Jones, Legal Practitioner Director, JHK Legal When you enter into a sale and purchase of business agreement, the seller will usually be asked to agree to a restraint of trade for certain acts done in a certain area and a certain period of time. Usually, this will apply to both the entity selling …
Sale and Purchase of Business Restraints: How do they affect you? Read More »
Purpose is the primary element of motivation. At the heart of any business is its business practices. This is typically in the hands of a company’s greatest asset, cost centre and risk; the workforce or human element, which has many moving parts. It is paramount that we not only meet our obligations to various government regulators …
Creating great places to work: engaging employees’ skill and will Read More »
The world of employment law is constantly evolving and ever-changing. This year alone has seen the compulsory introduction of Single Touch Payroll and a number of very important employment law updates. If you take your eyes off the ball, it’s likely you will miss something and may find yourself and your business in trouble with …
Single Touch Payroll and Employment Law Updates 2019 Read More »
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