Key Risk Checklist: Tax issues

9 November, 2018

This checklist contains the most common taxes and related charges and is not intended to be exhaustive. Ticking a box indicates who is responsible for considering the selected item. Both practitioner and client may be selected. A column has been included for initial comments. It is recommended that a memorandum be sent to the client […]

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Key Risk Checklist: GST

24 April, 2018

GST is not simple but there are some easy steps you can take to help protect you and your clients. References to divisions and sections can be found in A New Tax System (Goods and Services Tax) Act 1999 (Cwlth). GST alert – for contracts entered into from 1 July 2018, purchaser to collect and […]

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Key Risk Checklist: Small business – when acting for the purchaser

23 July, 2014

When acting for the purchaser ☐  When asked to advise just on the contract documentation before the purchaser signs the contract, recommend that all relevant searches be done before the contract is signed. ☐  Check that your client has a Section 52 Statement and has had the figures reviewed by an accountant. ☐  Advise your […]

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Key Risk Checklist: Small business – when acting for the vendor

23 July, 2014

When acting for the vendor ☐  Advise your client that the failure to give the purchaser a Section 52 Statement may allow the purchaser to avoid the contract. Confirm this advice in writing (see Appendix 2 of LPLC’s Small Business – Big Risks practice risk guide for suggested letter). ☐  Explain that the business operating […]

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