Estate Planning for Business Owners

Have you thought about how your business partnership or company might affect your estate planning? For example, how will you fund the pay out of your business partner’s family if your business partner dies or becomes incapacitated? Many people who are involved in a...

ONLINE CRIME AND IDENTITY THEFT ON THE RISE

In 2007 Queensland made it a criminal offence to steal or forge the personal identification information of another person for the purpose of committing a crime. There is a maximum penalty of 3 years imprisonment and 5 years imprisonment if the information is provided...

Tax Deductions: What can you claim?

Deductions provide taxpayers with an opportunity to reduce their taxable income, therefore reducing the quantity of tax payable. They can however be tricky to work out and, as a result most people are very cautious about dealing with them or avoid them entirely! For...

Do you need a testamentary trust?

Trusts have long been recognised as having tax and asset protection advantages, particularly for people involved in business. Over time legislation and case law have whittled away many of the advantages. Regardless of this, trusts can still be an effective means of...

Looking past your settlement

Abraham Lincoln once said the best way to predict the future is to create it; a statement that resounds deeply when thinking about divorce and separation settlements. There can sometimes be a race to finalise a settlement and move on with life but how often do we...