The business activity statement, commonly referred to as the BAS, helps you report and pay taxes like: goods and services tax (GST) pay as you go (PAYG) withholding PAYG instalments fringe benefits tax instalments fuel tax credits luxury car tax wine equalisation tax.
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Categories: Franchisor Advice|Legals
A TASTE FOR FRANCHISING POST-COVID
Food and beverage franchises are bouncing back in the wake of COVID-19. Many in the heart of our cities took a hit during the pandemic with a large part of the Australian population working from home. Franchisees were forced to pivot by starting home deliveries and quick take away services.
THE LEGAL FRANCHISE LANDSCAPE NAVIGATING FRANCHISOR/FRANCHISEE RELATIONSHIPS
I am not going to mention 2020, that is well behind us now and I am pleased to say there seems to be remarkable resilience and confidence in business this year. With many people being made redundant or having to look at a career change, this has led to many people being on the market… Continue reading THE LEGAL FRANCHISE LANDSCAPE NAVIGATING FRANCHISOR/FRANCHISEE RELATIONSHIPS
IMMINENT CHANGES COMING TO THE FRANCHISING CODE OF CONDUCT AND FRANCHISOR DISCLOSURE OBLIGATIONS
The Fairness in Franchising report (‘Report’), released by the Parliamentary Joint Committee on Corporations and Financial Services in 2019, was forthcoming in its findings and recommendations. Among other things, it suggested that the current regulatory environment did “not deter systemic poor conduct and exploitative behaviour and has entrenched the power imbalance” between franchisors and franchisees.… Continue reading IMMINENT CHANGES COMING TO THE FRANCHISING CODE OF CONDUCT AND FRANCHISOR DISCLOSURE OBLIGATIONS
DUE DILLIGENCE YES OR NO ?
There continues to be a myth surrounding the need, or otherwise, for due diligence when acquiring a franchise. The assumption being that the franchisor has done all the required due diligence regarding site, product, service etc. and, as such, all that a potential franchisee needs to do is to walk into the franchise and commence… Continue reading DUE DILLIGENCE YES OR NO ?
EMPLOYMENT ESSENTIALS: 7 SIMPLE STEPS FOR NEW FRANCHISEES
Joining a franchise network has always been a popular option for prospective business owners. The customer base is already established; marketing, supply chain logistics, and product development is taken care of by the franchisor; and there’s a vast support network in place often with decades of experience in running a successful business that can be… Continue reading EMPLOYMENT ESSENTIALS: 7 SIMPLE STEPS FOR NEW FRANCHISEES
THE FAIR WORK AMENEDMENT BILL 2020 – AND WHAT IT MEANS FOR YOU
By now 2020 is old news, COVID shutdowns and economic distress have been front of mind and while we can see the light at the end of the tunnel, there is still some way to go. Without a doubt, retail has been one of the hardest hit industries in the past 12 months and although… Continue reading THE FAIR WORK AMENEDMENT BILL 2020 – AND WHAT IT MEANS FOR YOU
Variation of a Lease – Risks and issues to consider during COVID-19 rent relief negotiations
A variation of a lease may operate to surrender the existing lease and become a new lease incorporating the variation due to a common law principle. This derives from the common law principle of “estoppel” that is, that two leases cannot co-exist. Therefore, subject to the degree of variation (irrespective of the parties intentions) the… Continue reading Variation of a Lease – Risks and issues to consider during COVID-19 rent relief negotiations
Safeguarding Your Retail Franchise from Chargeback Fraud
As we enter the third decade of the 21st century we move further towards what has been dubbed a ‘cashless society’. For consumers, card transactions provide a simple payment option that doesn’t require them to lug around spare change, and thanks to new technologies has become increasingly more secure. But with more customers paying by… Continue reading Safeguarding Your Retail Franchise from Chargeback Fraud
Six Myths About Having an ABN
You may remember applying for an Australian business number (ABN) when you set up your franchise. For many franchisees, getting an ABN is the first interaction with the Australian Tax and Super systems as a business. When it comes to applying for and receiving an ABN, there are obligations – the fine print – that… Continue reading Six Myths About Having an ABN