‘If I should slip something into your pocket, what’s the harm?’ Well, apparently a lot. Corporate crime costs Australia an estimated $8.5 billion annually, as Attorney-General George Brandis told parliament last week. Parliament has tabled a new bill designed to redress the corporate crime of foreign bribery. The proposed changes include the [...]
Thinking of starting a business? One of the first administrative steps is to decide upon your business structure. The business structure you choose will impact upon your startup costs, how much tax you pay, your personal liability, your control over the business and ongoing administrative expenses. Start on the right foot by seeking legal advice. [...]
Businesses that trade mostly on a cash basis are currently being targeted by the ATO in efforts to uncover undeclared revenue. Common business types they are cracking down on are cafes, bars, restaurants and hair & beauty salons as these types of businesses predominantly deal with cash. If the ATO were to audit your [...]
The types and frequency of reported complaints to the ACCC accords with what we are hearing from our clients, with misleading and deceptive conduct claims among the most common competition issues we are dealing with.Click here to access the ACCC 'Small business, franchising and news report' for the period July 2016 to December 2016.