Business

As a company director, do you fully understand the obligations which relate to your duties? Breaches of director’s duties can lead to personal liability including civil and criminal penalties and liability for damages. Serious offences can lead to imprisonment. Most people would be aware of the fiduciary duties for company directors under the Corporations Act, including a duty to act... Read more

It’s Christmas time….what’s tax deductible? December 2012 By Matthew Stewart, Director – Edney Ryan Chartered Accountants So it’s just about the time you are thinking “What are we going to do for our staff for Christmas” or “I hope my employer is going to put on a huge show for the festive season and it’s going to be big because... Read more

Does your business borrow or lend money? Purchase or sell goods on agreement, consignment or credit? Grow crops or raise livestock? Own or lease machinery or vehicles? If so, then the upcoming Personal Property Securities Reform will likely affect you. Currently there are numerous stand-alone State and Commonwealth registers of security interests for example the Register of Encumbered Vehicles (REVS),... Read more

Many of the large banks offer the services of a personal banker, otherwise known as a private banker or relationship manager. Supposedly if you have a personal banker you get preferential treatment, special access to advisors and the best solutions offered to you. You’d also expect that you’re being offered the best rates on your deposits and loans. In this... Read more

We often hear that our ‘Australian’ future may well be made in China. As part of our commitment to remain up-to-date with our advice to clients we recently sought a briefing from experts on one of the burning topics of global investments; China and its impact on the Australian Economy. Here we provide a short overview of the experts’ insights.... Read more

The federal budget has been handed down and the promise of a return to surplus delivered. Here in this issue of On Balance, we highlight some budget changes that are likely to be of particular interest to many of our clients. Spending Cuts Significantly major cuts have been made to defence spending, overseas aid and the 1% reduction of the... Read more

The current best deal that we can source for our clients is overdraft finance at 6.70% and only one annual fee, if the loan is secured against an owner occupied home. As this is a new loan product, most businesses are still unnecessarily paying upwards of 11% (with a default rate of at least 16%). It is critical for businesses... Read more

To some people the term “family business” will awaken connotations of poorly managed, nepotistic organisations that lack the corporate professionalism of public companies held accountable to shareholders. In our experience this is an incorrect stereotype of the entities which account for 70% of the total number in Australia with an estimated $4.3 trillion of wealth. Family businesses drive the Australian... Read more