Personal Accounting

divorce in business

26 Apr DIVORCE – what it means to you & your business

Breaking up is hard to do.  Beyond the emotional and financial turmoil divorce creates, there are a number of issues that need to be resolved. What happens when there is a family company? A recent ruling from the Australian Taxation Office (ATO) will create a tax burden for many divorcing couples that have assets tied up in a company.  Previously, when a company transferred assets or cash...

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