Directors’ Duties: Why Financial Oversight and Cash Flow Forecasting are Critical
Being a company director isn’t just about setting strategy and leading people — it also comes with significant legal responsibilities. One of the most important is making sure your company doesn’t trade while insolvent (that is, when it can’t pay its debts as they fall due). If a director allows this to happen, they could […]
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SMSF Property Valuations: Why Obtaining An Accurate Market Value Is A Yearly Requirement
by Luke Quinnell Self-Managed Superannuation Funds (SMSFs) are subject to strict compliance obligations. For trustees who hold property within their SMSF, one of the most important—and often misunderstood—responsibilities is ensuring the property is reported at its market value every financial year. While many in the industry still refer to an outdated “three-year valuation rule,” property […]
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Fair Work Ombudsman Surprise Inspections: Are Your Employer Records Compliant?
The Fair Work Ombudsman (FWO) has been doing spot checks on small businesses across six cities to see if employers are keeping proper records. If you have staff, now is a good time to make sure everything is in order. Around 50 businesses have been visited by the FWO in locations such as Sydney, Melbourne, […]
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