What legal issues do you need to look out for in 2025?
With the coming of a new year come new ideas, plans and goals. Sometimes these may come about because of a change in circumstances and needs. In other cases, these may be a necessary undertaking due to a change in law, regulation or requirements. Here are some legal issues that we think will be hot issues in 2025 and our tips to help you navigate them.
Your asset protection could be compromised: The hidden risks of shadow and de facto directorships
Do you provide advice or influence decisions in a company without a formal director title? You could be a ‘shadow’ or ‘de facto’ director, exposing yourself to significant personal liability that could jeopardise your asset protection strategies.
How to pay yourself from your company
Budget Update Notice: The 2026/27 Federal Budget contains proposals that may affect the information in this article. As at the date of this notice, these are proposed measures and have not yet passed into law. We are reviewing and updating our content as the legislative process progresses. If you are making a decision based on […]
How to protect your business from divorce
Any relationship involving more than one person is complicated. If you are in business with other people, be it your spouse, other family members or a non-family member, a marriage breakdown involving any of these stakeholders will affect the business. Taking the time now to address potential issues arising from a marriage breakdown that may […]
Why every business needs a buy-sell agreement
There is a lot of upside to being in business with someone else – companionship, shared risk and access to complementary skills and greater resources, to name a few. However, if you have a partner or co-owner, it is important to protect yourself against the unexpected – what we call the ‘Seven Ds’: Death, Disability, […]
5 practical reasons you need ‘Terms & Conditions’ in place before you trade
You think you know what’s expected of you. Your customer thinks they know what they’re getting. But who’s right? If you don’t have ‘Terms & Conditions’ in place, chances are you’re both mistaken. Avoid the argument and take the time now to put clear Terms & Conditions in place before you start trading.
Ensuring Compliance: A Checklist for Accountants Handling Statutory Demands
Many companies nominate their accountant’s address as the registered address for their business. This article highlights the danger to a company of not being able to adequately supervise the registered office and the importance of accountants having a system in place for notifying clients of statutory demands. In a recent case, West Homes Australia [2023] […]
5-steps to unlock faster payments from your clients
5-steps to quicker payments from clients.
Breaking the law en masse is not innovative or disruptive. It’s cheating.
If you had sat me down 5-10 years ago and asked me the top 5 things I would like to change about the taxi industry, within about 20 minutes of brainstorming I would have nailed all 5 of the ‘innovations’ that Uber has implemented. It’s all the rage to bag Uber right now, and that is not my point. I am bagging the people who think that Uber was innovative, or disruptive. Uber, as a business model, was simply to break the law en masse. Plain and simple.
Solution Brief: ‘Terms of Supply’ and the PPSA regime
Do you provide credit to your customers? If so, you need to understand the full implications of the Personal Property Securities Act. If you do not, you risk losing title to your goods. Hopefully you have written ‘Terms of Supply’ with your customers. Hopefully you also have a well drafted ‘retention of title’ clause in […]