It is common for directors or those responsible for managing the financial transactions of a private company in Australia to draw money from their company to meet personal expenses. However, doing this may trigger Division 7A Income Tax Assessment Act, resulting in unexpected tax, interest, or penalties if not managed correctly. Below outlines the basics of a Division 7A Loan and their implications. What constitutes a Loan? An advance of money; Informal borrowings, private ex

We're proud to sponsor the Rotary Club of Sutherland’s annual Vintage and Collectables Fair, a much-loved local event that brings the community together while making a meaningful difference. All funds raised through the fair's entrance fee go towards Rotary projects, including the club’s Schoolmates program, which provides everything from textbooks to school camps to children in need across the shire, as well as Rotary’s PolioPlus program, which helps fights disease, and othe

Maintaining cash flow is essential for business operations. If invoices remain unpaid after reminders or alternative resolutions, you may be left considering what formal steps are available to recover the debt. If your business is owed more than $4000 by a company, issuing a Statutory Demand might be an option worth considering. Basics of a Statutory Demand A Statutory Demand is a formal document that creditors can serve on companies to demand payment of outstanding debts. Un

Learn why a formal Loan Agreement matters.

If you own a property in NSW, you may be uncertain about how land tax affects you or whether it applies to your circumstance. Many property owners find the rules on thresholds, exemptions and how it’s calculated complex. This overview explains what NSW land tax is, when it applies, and how it may affect your property investments. What is land tax? Land tax in NSW is imposed on landowners, based on the value of all taxable land above a certain threshold. Land tax is levied on

We’re sharing our 12 days of Child-Focused Family Law tips to help families navigate the challenges of co-parenting during the holiday season.

Working with a legal professional to customise and clearly define payment, default, and indemnity terms in your credit applications, terms of trade, and invoices helps protect your business from financial risk. Learn why it matters: Sets Clear Expectations Clear payment terms maintain healthy cash flow, ensure smooth operations, and protect your business in case of client payment defaults.   Encourages Timely Payments When you clearly state accepted payment methods, due dates

MCW Lawyers Proud Gold Sponsors of Grays Point Mountain Bike Festival third year in a row

MCW Lawyers has proudly partnered with Sutherland Shire Senior Oztag Association in a two-year sponsorship, furthering its commitment to local sports growth and community spirit. The MCW Lawyers logo will appear on referee uniforms throughout the competition, demonstrating MCW Lawyers' commitment to supporting the community, local sport, and the game's shared values: teamwork, fairness, and integrity. Sutherland Shire Senior Oztag recently launched its 2025/2026 Summer Compet

We’re proud to announce that MCW Lawyers is the major sponsor of the Jannali Public School Trivia & Silent Auction Night in November....

Obtaining development consent from your Local Council can be challenging and, at times, a frustrating process. Many applicants find...

At MCW Lawyers, we’re proud to continue our partnership with Noakes Motorsport for a second year running, a collaboration built on shared...

rom 10 June 2025, significant changes to how property settlements are handled in Australian family law will come into effect.

We are proud to announce our new partnership with Dandelion Support Network, a local charity committed to supporting individuals and families facing hardship in our community.

Have you considered whether your business has Terms & Conditions in place, or if your existing terms provide the comprehensive protection you need?

Land tax in NSW is imposed on landowners. Land tax can be tricky. Understanding thresholds, exemptions, and calculations is key.

In the age of influencers and online communities, it's tempting to seek advice on everything, including family law, from social media.

Buying property in NSW is a major investment. This guide simplifies the process, offering key information and advice for a smooth purchase.

Planning for the future can feel daunting, but it's crucial for protecting your loved ones and ensuring your wishes are respected.

E-bikes are becoming increasingly popular in NSW. Learn about specialised insurance you need or who to contact if an accident has occurred.