Australia has now entered the living-with-COVID phase, and commercial activity has largely returned to normal. However, the impact of COVID has not disappeared. Vacant shopfronts for lease are a common sight on the streets, and many landlords are facing tenants who fall behind on rent or use the premises in breach of their lease.
Running a business in Australia as a sole trader is the simplest business structure. As the name suggests, a sole trader personally operates and manages every aspect of the business, and the individual's tax affairs are the same as the business's. When starting a business as a sole trader, you need to:
Australia is experiencing serious inflation right now, and many people feel that wage growth is falling far behind the rise in prices — and once you look at property prices, the sighs only get heavier. You may have wondered: instead of slogging away as an employee for a lifetime, perhaps it's time to give being your own boss a try.
In Australia, we often hear couples describe their relationship as “de facto”. Many people are in fact already in a “de facto” relationship without realising it, assuming they are not subject to family law. So what exactly is a “de facto” relationship? “De facto” means a “relationship in fact” — the couple has not registered a marriage, but where certain facts and conditions are met, all the rights and obligations between them are equivalent to those of a married couple
Applications for the NSW commercial landlord hardship grant close on 31 May 2022. If you are an eligible commercial landlord, make sure you submit before the final deadline.
Australia's tax system is strict. If you live and work in Australia, you naturally need to comply with its tax rules — pay and declare your tax properly, and claim the refund you're entitled to. Recently, the Australian Taxation Office announced it would investigate fraudulent refund activity involving 40,000 Australians. With the annual Australian tax refund season just around the corner, this article walks through the things you need to watch out for when lodging tax returns and claiming refunds…
Buying property in Australia is a very significant investment. When there is more than one buyer — whether spouses, siblings, or close friends — it is very important to clearly establish your ownership of the property. Today we will focus on the forms of property ownership available when two or more parties purchase a property together.
"Which excavator school is the best? Come to Lanxiang in Shandong, China." Most people will recognise this well-worn advertising slogan. Recently, the founder couple of this nearly 38-year-old Lanxiang Technical School have kicked off a farcical divorce and property dispute, sparking heated discussion about marital property battles, family violence and related issues. Today, let's take this opportunity to talk about Australian family law and the key points you need to be aware of.
"Divorce is fine, but the child must stay with me!" When former spouses go their separate ways, custody of minor children often becomes the focal point of the dispute between them.
Apart from the second-generation heirs who reluctantly return home to take over the family business after their careers stall, there is another group who have led a charmed life from an early age. We often see people who, before even reaching adulthood, are gifted properties by their families and treat real-world buying the way they would in a game of Monopoly.
