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Archive | Commercial and Small Business

Preparing to Sell Your Business

To be in the best position to sell your business in a prompt manner when you find a purchaser, preparation is the key. There is a lot of work that happens behind the scenes before the money should change hands and a key part of that is having all of the necessary information to give […]

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Matters for Landlords to Consider When Leasing a Commercial Property

When leasing commercial property, landlords need to consider numerous matters. This article looks at some of the key components of rent agreements that can cause difficulty during initial negotiations. Bonds    – A bond is money paid by the tenant when the lease begins to secure performance of their obligations. The landlord keeps the bond at […]

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Is It Tax Evasion or Tax Avoidance?

The Tax Office is becoming increasingly sophisticated in identifying tax cheats. The Tax Office has published benchmarks which provide a guide to the expected profitability of over 100 businesses and has a data-matching program which identifies those not lodging returns or not reporting all their income. More than 500 million transactions were matched in the […]

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Group Buying Deals So Hot They Can Burn

Many legal issues arise for advertisers when deciding to promote or sell their services and goods on group buying websites. As the name suggests, group buying involves buyers making a commitment to buy a service or product at substantially discounted rates, and the purchase is not finalised until a certain level of sales is achieved. […]

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Reform of Financial Advice Industry Under Way

New laws are being drafted to tighten up on the duties and payment arrangements of financial planners following a series of high-profile corporate collapses such as Storm Financial and the devastating result for clients. Under the proposed changes, financial planners would be required by law to act in the best interests of the client and […]

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Sham Contracting

Two parts to employee test involves intuition. Whether someone providing services to a business is classed as an employee or independent contractor can be difficult to assess, but the distinction is important, and failing to establish it correctly can prove costly. In a recent case, an interpreting and translating business which classified its interpreters as […]

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Illusory Savings

Misleading two-price comparisons under attack The ACCC has been vigorously pursuing companies that quote misleading higher prices in comparison to so-called sale prices. Two-price advertising, often called comparative price advertising, contrasts the sale price with a higher price for the same or a similar product. It usually takes one of four forms: recommended retail price, […]

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