Author: Client Service

Apart from being just a HR issue, differentiating an employee to a contractor also brings about tax consequences. 4 simple ways to tell if a worker is an employee is when: their salary is deducted with PAYG withholding any non-cash

Legal fees and disbursements are inevitably incurred by involved parties, either to prosecute or to defend, when a company in liquidation goes into proceedings against a defendant. Usually, liquidators would only obtain the services of solicitors and barristers when the

The ATO recently issued a decision impact statement, reminding taxpayers that the Administrative Appeals Tribunal (AAT) decision last year, the Gleeson and Commissioner of Taxation [2013] AATA 920, is not a new principal of law. This was regarding expenses being

The word ‘contingent’ is defined as something that might occur when certain criteria are met. With that, a ‘contingent creditor’ in this article’s context is a creditor who does not have a debt at the date of the appointment of

In general, any borrowings are strictly prohibited within a Self-Managed Superannuation Fund (SMSF). However, there is only one reason that it would be allowed; which is, to use the borrowed funds to purchase an asset. Here are the criteria to

Under the Corporations Act 2001 (Cwlth), liquidators have access to a number of voidable transaction provisions, allowing them to recover some transactions that had transpired prior to their appointment. One of these provisions is the ability to recuperate an ‘unreasonable