This month we look at: the ATO's 'company money' crackdown, should you be the 'bank of Mum & Dad', and do your kids really want to take over your business?
The ATO is cracking down on business owners who take money or use company resources for themselves. The business is often such a part of their life that the line distinguishing ‘the business’ from their life can be blurred. Pages 1-2. Read More
The great wealth transfer from the baby boomer generation has begun and home ownership is the catalyst. If you provide a loan to your child to purchase a home, it’s essential that the terms of the loan are documented, preferably by a lawyer. Pages 3-5. Read More
Generational succession - handing your business across to your kids or family - sounds simple enough but, many families end up in a dispute right at the point when the parents, business, and children are most vulnerable. Pages 5-6. Read More
“If you could kick the person in the pants responsible for most of your trouble, you wouldn't sit for a month.”
Former US President, Theodore Roosevelt
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