legal costs

Are legal expenses tax deductible for a start-up?

From 1 July 2015, a newly incorporated company, trust or partnership can immediately deduct a range of professional expenses associated with starting a new business, such as professional, legal and accounting advice.  This change was introduced by the Tax Laws Amendment (Small Business Measures No. 3) Act 2015 (Cth) which amended the Income Tax Assessment Act 1997 (Cth) (ITAA97) and received Royal Assent on 26 August 2015. [Read more…]

Client Guide to Reducing Legal Costs

Why assist clients to reduce their legal fees – are you mad?

It’s common for clients of law firm to complain about fees. Why is this the case? In most law firms the amount of time spent on a matter is directly correlated to the cost. The cost is generally indicative of quality right? Wrong! Time is money and clients are generally billed in six (6) minute increments (1/10 of an hour).

Dundas Lawyers provides this guide to our clients to assist them to reduce their legal fees so that we can focus on adding value and providing the best legal advice possible. The reason for this is simple, we have a commitment to long term relationships with our clients, if we assist them, that assists us. [Read more…]

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