Directors’ now liable for GST
Legislation relating to GST Director Penalty Notices was passed on 5 February 2020 and now awaits Royal Assent. The legislation changes are not retrospective and only apply for unpaid GST incurred from the beginning of the 4th quarter of this income year (i.e. from 1 April 2020). What was the situation prior to the law […]
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Using the PPSR to protect your interests
By Chris Burnett Typically, when small business owner’s startup their operations via a company they personally loan money or startup capital to the operating entity so that the business can go and buy equipment, motor vehicles or even trading stock. What a lot of people don’t know is that they can protect their initial loan […]
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Asset Protection Strategy #1
By Chris Burnett When clients are buying new assets often their first instinct is to just use an existing entity or structure within their group as a way to save on setup costs and/or maintenance costs associated with a new entity or structure. Sometimes we inherit clients from previous accounting firms that have invested millions […]
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