by Affinity | Mar 26, 2015 | Latest News
Admitting new members When a new member joins an existing fund that person must either become an individual trustee, or become a director of the company trustee. It is much easier to appoint a person as the director of a company than it is to make the person an...
by Affinity | Mar 26, 2015 | Business eNews
What is a social media policy? A social media policy provides a standard of acceptable behaviour for employees in their professional and personal use of social media. Social media is an increasingly important tool for SME businesses to market their products, connect...
by Affinity | Mar 26, 2015 | Business eNews
There is a tendency currently for family trusts to be overlooked in favour of self- managed superannuation funds (SMSFs) as a way of managing wealth. Yet family trusts have a number of advantages over SMSFs that shouldn’t be ignored, and can be used in conjunction...
by Affinity | Mar 26, 2015 | Business eNews
Introduction One of the most valuable assets that a small business owner may ever own in their lifetime is none other than their interest in their business. Such an asset can often be subject to large capital gains tax (CGT) upon the sale of the business by the owner....
by Affinity | Mar 26, 2015 | Business eNews
If you’re planning to sell your business, capital gains tax is an enormous issue. The Australian Tax Legislation includes some generous capital gains tax concessions. However, they are also complex. The first test relates to income. If the business’ income is less...
