By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) Effective Date: 30 April 2015 A growing business will often identify one or more key employees that are considered instrumental in driving the business. These key employees will be a
I’m an employee – why do I need asset protection?
By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) A common misnomer is that an employee cannot be liable for work performed on behalf of their employer. It is certainly true that an employer does not have any claim
Do trusts protect assets from divorce?
By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) A common question for anyone generating a degree of wealth is how can I protect my assets from divorce and can trusts protect assets from divorce. The short answer is
Decision in Altnot highlights quirks and shortcomings in the small business CGT concessions
By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) The small business CGT concessions provide a significant tax advantage to eligible taxpayers. Their focus is to allow the CGT concessions for capital gains made on business assets that are
Trusts, family law and asset protection
By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) The recent decision in Morton v Morton (Morton) illuminates the importance of thorough planning when incorporating a family trust as part of your asset protection and tax minimisation strategies. The