by Affinity | Oct 24, 2019 | Business eNews, Tax News
The Federal Court recently handed down two decisions relating to the personal services income (‘PSI’) rules. Income is classified as PSI when more than 50% of the income received under a contract is for a taxpayer’s labour, skills or expertise. The PSI...
by Affinity | Sep 20, 2016 | Business eNews
One of the most expensive aspects of running a business is paying employees. But just as great employees can be a real asset, underperforming employees can be a real drain on resources. Hiring employees is all about choosing people who are going to add value to your...
by Affinity | Sep 20, 2016 | Business eNews
Family trusts are among the most useful, flexible and often underutilised entities, especially in business structures. While many will consider holding investment assets in a trust, they overlook the fact that for an SME business owner the business is usually the...
by Affinity | Sep 20, 2016 | Business eNews
Public examinations In investigating the affairs of a company, one of the processes available to a liquidator is to conduct a public examination. This usually involves a liquidator or eligible creditor (“Examiner”) briefing a barrister or solicitor to summon the...
by Affinity | Sep 20, 2016 | Business eNews
Fraud can disrupt business continuity, reduce the quality and effectiveness of critical services or products, and threaten financial stability. Fraud will also damage an organisation’s public image and reputation. The keys to minimising the incidence of fraud and its...
