Tax Traps – Beware the Division 7A snake pit

Division 7A of the Income Tax Assessment Act 1936 is a poisonous well of hissing snakes for general practitioners when dealing with companies.  In very broad and simple terms it can claim income tax on amounts paid to, or loaned to, or debts forgiven from,...

Does bullying exist in your boardroom?

Boardrooms are often the place of heated debate over a range of matters affecting the operations of an organisation. Vigorous discussion that airs all possibilities can sometimes be beneficial (and necessary) when making critical decisions which will...

Business structures – Company overview

When commencing a business venture, it is necessary to consider the most appropriate type of business structure to put in place. Different business structures have different benefits and disadvantages. This article looks at companies – how to set one...