Statutory Demands
Does a company owe you money? If a company owes you money, you can recover your debt by issuing the company with a creditor’s statutory demand. To be eligible to issue a statutory demand, the debt must be equal to or greater than $4,000. You cannot serve an individual with a creditor’s statutory demand. Additionally, […]
Incentive for innovation and risk-taking – the ESIC tax incentives
The Federal Government recently implemented attractive tax incentives for investors in qualifying early stage innovation companies (ESIC). The tax incentives provide eligible investors with: A 20% non-refundable carry-forward tax offset on amounts invested in qualifying ESICs. The offset is capped at $200,000 for each income year; and A 10 year exemption on capital gains tax […]