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Stamp Duty to change Trustee

February 28, 2023 Debbie 2 Comments

All property is dutiable, meaning, the government wants a fee or tax for anything in relation to that property. When…...

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Posted in: Trusts

Property Purchase

February 24, 2023 Debbie

Purchasing property in a trust is the main reason people have a trust, to keep the property protected for the…...

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Posted in: Trusts

Banks and Interest

February 23, 2023 admin

Do you need to give your bank a TFN or ABN or an exemption code when opening a bank account…...

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Posted in: Both Trusts and Foundations, Foundations, Trusts

ATO and Trusts

admin

It is imperative that you read everything you can to gain an understanding of the trustee duties and power. There…...

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Posted in: Trusts

What is indemnity?

February 22, 2023 admin

Online Dictionary; in·dem·ni·ty  (ĭn-dĕm′nĭ-tē) n.pl.in·dem·ni·ties 1. Securityagainstdamage,loss, or injury. 2. An exemptionfromliabilityfordamagesresultingfromspecifiedconduct, as in a contractindemnifying a partyfortheperformance of certainactions.…...

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Posted in: Both Trusts and Foundations

Public Appearance

February 11, 2023 admin

Your foundation is operating in the private side of our world, meaning that the foundation is not a publicly registered…...

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Posted in: Foundations

Put your property into the Trust

February 8, 2023 admin 2 Comments

There are several ways to put your property into a trust. As always, everthing in this commercial world, the dead…...

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Posted in: Trusts

Unincorporated Associations

February 5, 2023 admin

Foundations do not have a legal status and so therefore is not a seperate person from its members. This means…...

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Posted in: Foundations

Foreign Beneficiaries

February 4, 2023 admin

The wonderful stamp duties office in NSW has been making moves to gain more money yet again and are attempting…...

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Posted in: Trusts

Trust deed content

January 20, 2023 admin

Duties of a Trustee The duties of a trustee are detailed in the trust deed. The trust deed is the…...

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Posted in: Trusts

Director update 3

January 19, 2023 Debbie

Carrying on the discussion about the Director ID (DID) and it being lawful or not. As we know it is…...

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Posted in: Both Trusts and Foundations, Foundations, Trusts

Is a Foundation a Charity?

January 12, 2023 Debbie

What exactly is a private foundation and is it a charity? The definition of a charity has been covered by…...

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Posted in: Both Trusts and Foundations

NFP – Not-for-Profit

Debbie

What is a Not-for profit organisation? A Non-Profit organisation is one that does not earn a profit at all. It…...

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Posted in: Both Trusts and Foundations

Director ID update continued

January 10, 2023 Debbie Goudy

So then I wrote to the Attorney General’s Office to ask if the DID is in fact law? There was…...

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Posted in: Both Trusts and Foundations, Foundations, Trusts

Director ID update

Debbie Goudy

While everyone is running around getting their knickers in a knot over the Director ID being enforced with heavy fines…...

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Posted in: Both Trusts and Foundations, Foundations, Trusts

Director ID

November 23, 2022 Debbie Goudy

Do we need a Directors ID? A Director ID is the same as a Tax File Number to contract with…...

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Posted in: Both Trusts and Foundations

Private Company Law

Debbie Goudy

What laws are your private company bound to? There is the Corporations Act 2001 and all updates made since, but…...

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Posted in: Both Trusts and Foundations

Private Company

November 20, 2022 admin

We create Constitutions for private companies. This entity will allow your company to have an ABN and remain in the…

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Posted in: Public

Bookkeeping & Accounting

August 31, 2022 admin

[Public Post] Trusts and Foundations MUST keep accounting records. Many teach that they do not because these entities are private…...

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Posted in: Both Trusts and Foundations, Foundations, Public, Trusts

Accounting Practice Changes

August 30, 2022 admin

[Public Post] As I work with members on their closely held trusts and foundations, we have been carefully checking on…...

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Posted in: Trusts

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    Everyone has been scrambling for years to figure out a…
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    There are pro’s and cons for all our actions, privately…
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    Looking over the Companies Acts of current time and times…
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    Philippines notifies WHO it rejects the amendments to International Health…
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    What entity are you? If found this today while reading…
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    Trust accounting records are for the purpose of keeping records…
  • Documented historyAugust 22, 2023
    A foundation is a pertual entity and can outlive any…
  • What does the govt say about Not-for-profit organisations?April 20, 2023
    This document has been downloaded from Treasury.gov.au There are few…
  • Trust Deed amendmentApril 16, 2023
    There are many ways to write a trust and a…
  • Manager AccountsApril 7, 2023
    The details on how to set up a new file…
  • Business owned by a trustMarch 28, 2023
    Income is income is taxable, right? Is this a strong…
  • Paper QualityMarch 15, 2023
    Choosing the right paper for your deeds is really important.…
  • Foundation LiabilityMarch 6, 2023
    What protection does the foundation provide to members? What does…
  • Trusts and Eggs in BasketsMarch 1, 2023
    Does a trust keep property in one basket? Does a…
  • Don’t keep all your eggs in one basketMarch 1, 2023
    We all know the saying, don’t keep your eggs in…
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