Buying a business

How to avoid hidden issues when buying a business

Buying a business can be one of the most beneficial financial decisions you make. This is because you are not only purchasing the ability to practice in that business, but you are also purchasing an established client base, staff and location, which means you have essentially jumped into an already established business where all the...
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bankruptcy Australia

What it means to be bankrupt and how we can help

It is understandable to fear the idea of bankruptcy and everything it may entail due to its ‘end of the world’ stigma. The path towards bankruptcy is not an easy one and should not be taken lightly due to the negative consequences involved.  However, it can offer relief, release you from debts and allow you...
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changes to defamation laws in Queensland

Updates to Defamation Laws in Queensland

On 20 April 2021, The Defamation (Model Provisions) and Other Legislation Amendment Bill 2021 (“the Bill”) was introduced into Parliament to amend parts of the Defamation Act 2005 (Qld).  In 2006, Queensland and the other states and territories adopted the Uniform Defamation Laws (“UDL”). Following the adoption, the law on defamation was substantially the same...
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starting a small business

Things to remember when starting a small business

Starting a small business can be an exciting life choice.  Operating a small business offers many benefits, such as flexibility, independence, and the ability to be your own boss. However, there are things that all prospective business owners should consider before taking the plunge. This is because starting a business isn’t as easy as you...
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employee vs contractor

Employee or Contractor – that is the question.

Whether to hire workers as an employee or contractor is a commercial decision. Whatever decision you make, you’ll need to ensure that the relationship is clear cut. If the lines are blurred your business may: risk impeding the rights of a worker; and fail to meet your business’ tax and superannuation obligations. To understand those...
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Superannuation guarantee

Superannuation guarantee to increase, who bears the brunt?

The superannuation guarantee (SG) is the minimum percentage of a salary that an employer must contribute to an employee’s superannuation fund. The percentage is legislated and controlled by the Australian Taxation Office (ATO). The current SG percentage is 9.5% of employees’ ordinary time earnings. From 1 July 2021, the SG will increase from 9.5 %...
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2021 Changes to the Fair Work Act

The Fair Work Amendment (Supporting Australia’s Jobs and Economic Recovery) Bill 2021 has been passed through Parliament and came into effect on 27 March 2021.  The bill amended the Fair Work Act 2009 (Cth) (“Act”) by implementing several reforms, including: the introduction of a definition for ‘casual employee’; the introduction of an ‘Casual Employee Information Statement’; the introduction of...
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social media defamation

The Perils of Social Media Defamation

Defamation is an area of the law that most readers would be familiar with. The general idea is that if one person publishes an opinion about another person which reduces their standing within the community, it can be classified as defamation. It is a legal issue presented in popular culture, because we live in an...
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End of temporary debt relief measures

2020 was a year marked by drastic changes. In March of that year, governments around the world scrambled to make the necessary adjustments to prepare for a changed world. In the name of public health and safety, the Australian Government issued a mandatory lockdown to curb the spread of the virus. As a result, only...
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JobKeeper test case

JobKeeper – the first test case

Many small businesses have remained afloat thanks to the JobKeeper scheme which allows employers to keep their employees following the effects of Covid-19.  Other small businesses have significantly suffered financially after being denied by the Australian Taxation Office’s (ATO) of JobKeeper payments due to technicalities. On 21 December 2020, the Administrative Appeals Tribunal ruled on...
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