Farm Succession Planning Checklist
FARM SUCCESSION PLANNING CHECKLIST Succession planning for a farm is crucial for ensuring the smooth transition of ownership and management to the next generation or successor. Here’s a comprehensive checklist for farm succession. Start Early and Communicate Begin the succession planning process early to allow for sufficient time to address potential challenges and facilitate a […]
Estate Planning Checklist
ESTATE PLANNING CHECKLIST Checklist for estate planning Estate planning in New South Wales involves organising your affairs to ensure your assets are distributed according to your wishes and your loved ones are taken care of after your passing. Here’s a comprehensive checklist for estate planning: Assess Your Assets and Liabilities Compile a list of […]
Closing Loopholes – another opening for employees from 26 August 2024
The Fair Work Ombudsman has sent a reminder that the new Closing Loopholes workplace laws start today, 26 August 2024. If any of these apply to you, click the link: – Casuals – Right to disconnect – Independent contractors – Road transport contractors Closing Loopholes: Changes to workplace laws start 26 August 2024 Closing Loopholes […]
Minimum Wage Increase and other Workplace Law Changes – 1 July 2024
Each year, the government changes its fees and charges, and statutory thresholds and caps, effective with the start of the new financial year. For example, ASIC has increased company and business name fees from 1 July 2024 – you can find more details here. One of the most significant changes is to employee related entitlements […]
“Three certainties in life: Death and Taxes – and Procrastination about both.”
Estate Planning Reviews
Checklist for preparing to sell your home
Checklist for preparing to sell your home Preparing to sell your house involves careful planning and attention to detail. Here’s CML Lawyers comprehensive checklist to guide you through the process: 1. Evaluate Your Finances completed Determine how much you owe (if anything) on your current mortgage. ☐ Calculate your estimated equity in […]
Checklist for first home buyers
Buying your first home can be an exciting but daunting process. Here’s CML Lawyers easy to follow checklist tailored for first home buyers to make the buying process as easier as possible: 1. Financial Assessment completed Calculate your budget: Determine how much you can afford to spend on your first home. Consider factors like your […]
Navigating the Legal Landscape: Directors’ Risks of Insolvent Trading
Directors of companies shoulder significant responsibilities, particularly in ensuring the financial health and solvency of their entities. However, when a company faces insolvency, directors must navigate a complex legal framework that imposes stringent obligations and liabilities. Understanding the risks associated with insolvent trading is paramount for directors to fulfill their duties effectively and protect their […]
Director Penalty Notices – Rights, Responsibilities, and Recourse
In the realm of corporate governance, directors play a pivotal role in steering the course of their companies. However, with such authority comes responsibility, including ensuring compliance with tax obligations. In pursuit of tax collection, the ATO often resort to Director Penalty Notices (DPNs) as a means to hold directors personally liable for certain tax […]
A Robber is Running the Bank, and the Sheriff of Nottingham says it’s not Robin Hood!
A Robber is Running the Bank, and the Sheriff of Nottingham says it’s not Robin Hood! Wage theft is a hot topic, because generally speaking, it’s not as if the poor are robbing the rich to give back to the poor. With news just in, CBA and CommSec have suffered a record $10 […]