Up to date news and articles on Audit, Tax-related Strategic Planning and Succession Planning

457 visa
13 Jul

What happens to your 457 Visa in the event of a separation?

So you have a 457 visa which is valid for up to four (4) years and permits you and your immediate family members to work in Australia with your sponsoring employer. But what happens to your 457 visa in the event of a relationship breakdown? Sharmini Subramaniam from MSI Global Alliance firm Aitken Partners outlines here what support you should seek about your visa, if the need arises. If you require assistance or more information, contact a member of our team today.

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Unfair Contract terms
01 Mar

What does “Unfair Contact Terms” mean for your business?

After months of debate in both the House of Representatives and the Senate, the Treasury Legislation Amendment  (Small Business and Unfair Contract Terms) Bill 2015 was passed and will come into effect on 13 November 2016. Businesses have been granted a 12 month leniency period in which to review their business to business contracts in relation to unfair terms and any standard contracts or terms and conditions used in sale or supply of goods and services should be reviewed. But what does this really mean for your business? Stephen Curtain, our MSI Global Alliance colleague at Melbourne law firm Aitken Partners, explains here what this means ...

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msi - social media2
10 Dec

What happens to your social media accounts after your death?

Facebook has recently added a new setting that gives users the option of having their account permanently deleted when they die or, they can choose to appoint a friend or family member to take control of some aspects of the account after their death. This legacy contact feature is a positive step towards allowing people greater comfort, security and control over their online presence and reputation after death.  Importantly it also encourages Willmakers to think about the management of their online accounts and digital assets after death, apart from their Facebook account. Our MSI Global Alliance colleagues at Aitken Partners have recently written an article titled ...

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msi - exit strategy2
19 Nov

Your Ideal Business Model for Planning Your Exit

Did you know that the right business model or structure for any business depends on many factors but importantly has to be consistent with what you, the business owner, want to get out of the business in the short, medium and longer terms? Alec Blacklaw is a member of MSI Global Alliance in Australia and New Zealand and recently published an article titled “Setting up a business…what’s your exit strategy?” An excellent read for anyone setting up a business. For more information or advice on setting up your business or planning your exit strategy, contact our office.

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Good to great
02 Sep

How to take your business from good to great

Ever wondered how a business goes from good to great? David Carpenter, our MSI Global Alliance colleague at Cutcher & Neale outlines what’s required for turning a good business into a great business here.  Need assistance or support in taking your business from good to great? For more information or advice contact a member of our team today.

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Discretionary Bonuses
01 Aug

Employee Discretionary Bonuses – an important read for any employer

Many employment contracts include terms relating to ‘discretionary’ bonuses and the employer in such cases may consider that there is an absolute right to pay such a bonus or not, at the whim of the employer. Seems reasonable, doesn’t it? Well, no! Rodney Commins of MSI Global Alliance firm – Patterson Houen Commins, has written an excellent article on Employee Discretionary Bonuses and whether there’s an unfettered right to withhold them?  An important read for any employer/manager.  For more information read Rod’s article here or contact us for assistance.  

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online defamation
11 Jul

Online defamation

Have you been defamed on the internet? Do you know what to do when you believe you have been defamed online? Ted Guthrie of MSI Global Alliance firm, Johnston Withers in Adelaide has written an excellent article on how online defamation can be actioned. If you are subjected to online defamation or have any queries on this subject, please feel free to contact our office and speak to an advisor.  

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msi - ip
13 May

Intellectual Property and why you should protect your business ideas

Intellectual property refers to new or original creations such as inventions, phrases, words, symbols, designs as well as ideas.These creations can have a commercial value for you or your business, so it is important that you understand how to protect these ideas. Our MSI Global Alliance colleague, Garry Same, has taken the confusion out of how to secure your product ideas in his recent article here. Need assistance with protecting your ideas? Contact our office for more information.

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SMSF borrowings
07 Mar

New legislation released regarding SMSF borrowings

On 19 January 2015, the Government released Tax and Superannuation Laws Amendment (2015 Measures No. 2) Bill 2015: Instalment Warrants exposure draft legislation to amend income tax law to provide “look-through” treatment for instalment warrants, instalment receipts and superannuation funds that invest in assets using a Limited Recourse Borrowing Arrangement (LRBA). Our MSI Global Alliance colleague Rodney Commins of Patterson Houen Commins, recently published an article titled New legislation clarifies tax issues relating to SMSF Limited Recourse Borrowing Arrangements, in which he explains the major changes for SMSFs and LRBAs. Need assistance or require more information, please contact our office.

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Changes to Aged Care
22 Dec

Changes to Aged Care

The Australian Government has implemented a range of aged care reforms in response to the growing population of older people and the challenges facing our aged care system. To give you an overview, we recommend you read “Aged Care Reform – what are the changes?” written by our colleagues at MSI Global Alliance firm Craig Munter & Michelle Barraclough. Need assistance or more information, then please feel free to contact our office.

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    Thomas Davis & Co., is one of the oldest firms of Accountants in Australia and has been very much involved in the welfare of the profession.

    The firm was established in Sydney, Australia in 1894 when Thomas Davis from the United Kingdom commenced his practice in the centre of what is now known as the Central Business District

    It is now registered in each State and Territory of Australia and in 1990 became a member of MSI Global Alliance.
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