7 Tips to Maintaining Cash Flow in Your Business
Anyone in business for more than 30 days knows that cash flow is the most vital part in keeping your doors open! As I recently read in a Harvard Business Review article, ‘You can’t pay bills with profits—only cash”.
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3 Reasons Why You Should Consider Updating Your Will Following Separation
What does separation mean for your Will? It is no surprise that we get asked this question a lot. In 2018, nearly 50,000 divorces were granted in Australia equalling over 42% of the total number of marriages registered that same year. While there is a lot to consider when you’re in the throes of separation, your Will and Enduring Power of Attorney is something you shouldn’t forget about.
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5 Responsibilities of Being an Executor
An executor of an estate carries out the wishes of a person after they die. Their duties include managing the estate within the terms of the Will and protecting the assets within the estate. Executors can be appointed by the person making the Will or, if no person is appointed prior to their death, by the Court. Breaching responsibilities can make the executor personally liable to pay the estate for any loss or damage suffered because of this breach.
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Entering a Commercial Lease
5 Things To Keep In Mind Before Entering a Commercial Lease. If you’re a business owner it is unlikely that a commercial lease is a foreign concept to you – businesses enter into them every day. Despite the fact it may seem like a simple thing to understand, signing a commercial lease is no trivial matter, in fact, many businesses find themselves in tricky and often avoidable spots when they rush into signing commercial leases.
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4 Myths Busted About Personal Guarantees
We often hear from clients that they understand guarantees to just be an unavoidable part of business. While the request for a Director or personal guarantee may be common practice, before readying your pen to sign, it is important we first bust some myths about your obligations when it comes to guarantees.
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How the 2020 Budget Might Affect You as a Business Owner or an Employee
We sat down with Francis Rigby of Financial Advice Matters to discuss the ins and outs of this Federal Government Budget and how it will affect everyday Australians as well as business owners.
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5 Ways to Protect Your Business and Employees While Working From Home
The year 2020 has been one for the history books and now, more than ever, businesses have needed to find a new ‘normal’ when it comes to navigating a range of challenges and disruptions to both service delivery and operations – none more than when it comes to staff working arrangements.
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Code of Conduct for Commercial Leasing
Queensland has now enacted the principles of the Federal Government’s Mandatory Code of Conduct for Commercial Leasing. The Retail Shop Leases and Other Commercial Leases (COVID-19 Emergency Response) Regulation 2020 (the regulation) came into effect on 28 May 2020. This regulation implements the National Cabinet mandatory code of conduct – SME commercial leasing principles during COVID-19 (the Code).
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Do I still need a Will in a de facto relationship?
If you or someone you care about is in a de facto relationship, it is very important to consider how assets, business, property, and estate may or may not be protected.
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Advice for Landlords during Covid-19
We have summarised some key takeaways for commercial Landlords below as Landlords will be required to discuss relevant issues with eligible Tenants, to negotiate appropriate temporary leasing arrangements, and to work towards achieving mutually satisfactory outcomes.
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