Pat Mannix
Poorly Structured
I heard a horror story the other day about poor structuring. Let’s just call this person Wayne Structureless for simplicity. Wayne has shares in a very profitable small business in his own name.
... read more$1.6 Million Pension Cap for SMSF’s
Now that the proposed $1.6 million pension transfer balance cap is law, I thought it best to explain.
... read moreData integrity is vital
It is now compulsory for organisations to provide notice to regulators and affected individuals in the event of a data breach. I know Mr Trump likes Mr Putin but he hasn’t yet asked Vladimir how he should try and control his citizens to not hack into and upset so many organisations in western democracies.
... read moreDirectors found personally liable
A Fair Work Ombudsman v Step Ahead Security Services Pty Ltd & Anor [2016] FCCA 1482, (“the Company”) found the director Mr Jennings, personally liable for the Company’s failure to pay their employees in accordance with the relevant modern award.
... read moreTriple Tragedy – Capital Protection
This example is relevant to the importance of Wills as well as asset protection during your life.
... read moreATO Server Crash
We may be a little behind on our service at this critical time due to an ATO computer crash that was triggered by the collapse of part of its storage solution systems, which were being handled by Hewlett Packard Enterprise.
... read moreWhat’s involved in selling your business?
Selling your business can be a stressful time and unless you’ve done it before, it’s hard to know what to expect or what’s required to get the right result. We’ve put together the top issues for business owners or investors to maximise their results.
... read moreStructuring for Partners with Disproportionate Ownership
Disproportionate ownership of business’s is not uncommon, and the correct structuring for your business is critical in ensuring maximum tax benefits, flexibility for distributions, income tax and capital gains, not to mention long term asset protection for all the Partners involved.
... read more