What is a trust? the types and roles
Recently I had a client call after the tax office kept chasing her up for the tax return for a trust. She said she didn’t understand why they were chasing her because the trustee had been deregistered last year. I told her that the trustee and the trust were two separate things. It reminded me that there is sometimes confusion out there around trusts and trustees.
In this short video, I give you a simple understanding of the role of trust and trustee and the two types of trusts. Also I discuss the role of the important person the “appointor “ and what happens if this person dies. This video will help you understand if a trust is the right way to structure your business and boost asset protection.
Rent not being paid?
I don’t know if it's a sign of changed economic times, but we are seeing an increase in tenants not paying their rent. In this video, I give some practical tips to deal with tenants who aren’t paying. If you are a tenant, I have some advice to help you negotiate with your landlord.
Paying too much land tax? Two strategies to save you $$$
Are you paying more land tax than you should?
There is a tax that is becoming a real burden on people - it's land tax.
We recently had a client who was paying $25K then $40K now it has been reviewed to $80K a year.
Here are some strategies that people don’t realize can legitimately minimize your land tax. Watch the video below to find out more.
Feel like you could be paying too much land tax? Send us your recent land tax assessment so we can give you a quick opinion.
What are the spring cleaning essentials for your business?
Today I have my trusty feather duster to outline what needs cleaning this Spring in your business. I talk about DIN dates, your ASIC registered office, workers' compensation and payroll tax. Are they up to date?
Bank Of Mum & Dad
Imagine lending your child money to buy a house and then their marriage ends in divorce! Or your child becomes bankrupt? Some well-meaning parents have been left without enough money for their own retirement. In this short and sharp video, Ross talks about how to avoid the pitfalls when lending money to your children.