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Are you an employee or an independent contractor? I ask this because the question can have a great impact on how payroll tax is levied. Let me take up a hypothetical freelance organisation ‘A’ to boot home my point.
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When Do You Need a Power of Attorney?
If illness, deformity or age-related problems is preventing you to take care of your estate, it is time you should get your Power of Attorney ready. This legal document lends right to your trusted person to manage your estate’s affair.
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Do Not Harbour Unreal Expectations While Selling Your Business
The process of selling one’s business is often beset with unrealistic anticipation. Just as buyers looking to buy a running business should expect profits to dip for some time after the exchange of titles (put it down to market perception), sellers should also not fall in the trap of hoping too big.
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What does a Will contain?
A Will is that piece of legal document which decides who benefit from the proceeds of your estate. This document alone can ensure that your tangible and intangible assets are distributed according to your wish after your demise. Those who die intestate (without having prepared a Will) leave their estate at the whim of the probate court. Certainly not a nice situation to be in!
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Franchises are Great But Tread with Caution
When investors attach themselves to a franchise they reap immediate dividends like customer loyalty, brand reputation and powerful advertising campaigns. Early setbacks which occur with start-ups are easily avoided by becoming part of a franchise. In short, you start churning revenue from the very first hour. So is it rosy all the way?
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Appropriate Moments for Revising your Will
Getting a Will drafted is a brilliant move. I think I have said enough about the dangers of dying intestate in other articles. This said, you may experience various life-changing circumstances after drawing out your Will. This implies that you must be quite willing to get your Will revised and reviewed from time to time. Let me talk about a few situations which warrant a change in this legal document.
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All You Need To Know About the Stamp duty Tax
If the government chooses to do away with the Stamp Duty tax that it levies on the first home buyers (FHBs), it will stand to lose in excess of $700 million. In dire need of alternatives, the government may have to look for some really congested lines to recover this shortfall. This is what we have always heard when the topic “should Stamp Duty be removed?” raises itself.
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Practical Completion Is A Vague Term
In absence of a precise legal meaning, the term Practical Completion has often invited disputes. To define as best as one possibly can, any construction project reaches its practical completion stage when all but the really trifle work is complete and the work so put is free from any patent defects (but the very minor ones).
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Certification of Compliance Needed for Pools
NSW residents need to quickly act; what with a new regulation set to come into effect on 29th of April. Pool owners will now require a certificate of compliance- procurable only after getting their pools inspected for safety and hygiene- from the local council or an accredited certifier.
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What to Look for When We Buy Businesses
Conducting businesses actually asks for a good mix of head and heart. When we buy businesses purely because we are enamoured of them and assume they are a sure-fire way of achieving success and profits, we may just be on the wrong road. There are many corollaries to profit and we can trip over even if we fail on one count.
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