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Archive for the ‘Business Activity Statements’ Category

A will contest challenges the validity of the testator’s (will signer) intent and seeks to set aside the document or some of its terms. This article describes some of the grounds to bring a successful challenge.

In California, a will contest begins after a will is submitted to the probate court. An “executor” or “personal representative” will request that the court confirm the validity of the will, and then grant permission to distribute the decedent’s estate according to the document’s terms.

A person that was disinherited, completely omitted, or left a smaller amount than expected, can challenge the will on a number of grounds:

Undue influence. This is perhaps the most common element that can be shown to contest a will. An elder with substantial signs of dementia (long and short term memory loss) can become quite vulnerable to improper suggestions and manipulation. In essence, undue influence means taking advantage of another person’s weaker state of mind.

Coercion. This is another form of wrongful manipulation, and similar to “menace”. It involves using threats or intimidation to badger one’s desires and wishes into submission. Wrongfully imposing one’s own wants onto another.

Fraud. This intentional act requires the abuser to have misrepresented a material fact to the victim. The victim must have relied upon the fact, taken action against (what would otherwise have been) his or her better judgment, and caused damage to himself or another.

Duress. This is similar to taking advantage of another’s weaker state of mind, but generally applies to a psychological problem brought on by a specific set of circumstances (the recent death of a loved one, pending medical emergency, etc.). It involves the exploitation of the victim’s stressful mindset.

Mistake. Often, the testator simply made a mistake. For example, inadvertently forgetting to mention one of her seven children (with whom a loving relationship had always existed). The elder law attorney who drafted the will may have made a mistake and went unnoticed when reviewed by the client.

These are some of the ways that a will contest can occur.

Do you know What is a Irrevocable Trust? If you don’t, you are not the only person. Many people that do not have an understanding of what the meaning of an irrevocable trust is.

Although you may not know the meaning of the word, you have probably heard of trust before. When it comes to trusts there are two kinds. One of them is revocable and the other is irrevocable.

Now to give you a better understanding, it is important to get the gist of what a trust is. A trust involves a legal arrangement that a person makes for the things they own for when they die. This arrangement comes down to a written document, called either Trust agreement, or a Declaration of trust.

The individual who makes the document and bares the estate is the trustor or grantor that is listed. The other individual, who is given rights to the property for someone else, is listed as the trustee. This person has the obligation to protect the assets that are transferred within the trust.

Irrevocable trusts differ slightly than the general definition of a trust. Irrevocable trusts are when the grantor, or trustor no longer has legal control over the assets. This applies even in the case the person is alive.

There is still a trustee involved, who has the responsibility of managing the assets in the best interest for the beneficiary. The trustee should carry out the wishes of the trustor. Additionally, some tax benefits come along with these kinds of trusts.

Inter vivos trusts and living trusts refer to those who set up the trust while they are alive. Testamentary trusts, refer to those who put the information contained in their wills. A lot more information exists, in relation to irrevocable trusts. The best thing to do, is get all the information you can. This way you will know what you are getting yourself into.

Birth Injury lawyers are a dime a dozen. If you are reading this article then chances are you or someone you know are in need of the best Birth injury lawyer or law firm there is.

The key to finding a reputable birth injury lawyer is to do your research. This sounds easy enough but can quickly become daunting.  If you are searching for an attorney on the Internet it is important that you hone in the keywords that you use so that your search results are refined and more closely match your search.

You certainly don’t want a general practice lawyer representing such a critical matter and therefore need to ensure that you don’t waste time looking at all the personal injury lawyers in the net.  You are looking for someone who specializes in birth injuries.

So, when conducting your search make sure that you use keywords that are relevant. And for best results you should insert your city or state first… followed by the keyword “birth injury lawyer” or attorney etc.  This will ensure that you maximize your time and efforts when trying to find the best of the best.

It is recommended that you find at least 3 attorneys that you can call upon.  Some of the things you want to ask are:

• how many cases relevant to yours have they represented
• how many cases have they one
• what are their area’s of expertise
• how long have they been specializing in this area of law

Being diligent and efficient in your search for a birth injury lawyer is critical to ensure you find the very best.

“Doctor, there is an attorney on the phone to speak with you about…”  Not too many things get your blood pressure up as quickly as that statement!  Regardless of the reason for the call, the normal initial reaction is the fear.

The greatest protection against such fear is knowledge and planning.

The first thing you should know is that, according to a recent analysis by the Harvard School of Public Health, approximately 40% of the medical malpractice suits that are filed in the United States are groundless.  Analysis of many cases indicated that there was no evidence of a medical error being committed or any injury suffered by the patient.

The second, and perhaps most important, factor to know is that many such calls are a fishing expedition by the lawyer.  Presenting a friendly demeanor, the lawyer hopes to gain information that will be beneficial to the client.  This is why you really don’t want to talk to the attorney without preparation and possibly counsel.

Having knowledge of those two facts, you now need to plan what to do when that attorney does call.

Normally your staff fields your calls and they should be instructed to take messages, as opposed to ringing the call through to you.  If possible they should ascertain the reason for the call and, if applicable, the patient under question.

Once you receive the message, you should first review the patient’s chart to determine if there is any possibility of medical malpractice – or patient dissatisfaction.  If you think there is any chance of a claim being made, contact your insurance agent or company immediately and follow their instructions.

If it is necessary to reply to the attorney, one of your staff should return the call and explain that any communication from an attorney must be in writing.  This enables you to begin documentation and seek advice or counsel.  This is particularly helpful if the call is about a colleague.  The attorney may be seeking a free assessment of the case, looking for free expert testimony or even attempting to involve you in the lawsuit.

You are not required to provide any facts, documents or charts, except by the due process of law.  If documents are subpoenaed or you must appear for a deposition, your attorney can shield you from immaterial or incriminating questions.  Your attorney can also evaluate requests for charts or documents that may be unnecessary.

There is one critical mandate.  Do not, under any circumstance, decide to rewrite, revise or clean up any chart entry or patient records. Regardless of how well meaning you might be, any alterations can come back to haunt you in a trial.  Plus, many malpractice carriers will refuse to defend or pay claims for a physician who altered medical records.

Referring back to the opening analysis that 40% of claims are groundless, very few malpractice cases ever go to trial.  Even a request for patient records does not guarantee that you are being sued.  Most cases are dropped by the plaintiff or dismissed by a judge for lack of evidence.  That is why you do not want to react from fear or anger and perhaps create further problems for yourself and your case.

Business Activity Statements (BAS) are used by business’s to report and pay a number of tax obligations, including GST, Pay As You Go (PAYG) instalments, PAYG withholding and Fringe Benefits Tax. This is the ATO’s way of combining a range of taxes into one statement to make it easier for you to collect and report information and monies that are due to the ATO, making sure that none are forgotten. Promote your business today with custom silicone wristbands as part of marketing program.

The ATO will generally issue your activity statement around 2 weeks before the end of your reporting period. It will need to be completed and lodged by the due date which is set by the ATO, and any amounts owing will also need to be paid. It is important to keep a copy of your activity statement and the records used in the preparation of it for five years in case the ATO have any enquiries or choose to carry out an audit on your business and its books.

You activity statement is personalised to your situation and if your business has previously lodged a Business Activity Statement subsequent statements will include any options that you have previously included. Generally it will show the items that you need to report against, which could include:
• Goods and Services Tax (GST)
• PAYG Instalments
• PAYG Withholding
• Fringe Benefits Tax (FBT)
• Luxury Car Tax (LCT), and
• Fuel tax credits.

There are a number of ways that you can lodge your BAS. It can be lodged online, through your accountant, via mail or over the phone. If your BAS is not lodged on time you may be subject to a failure to lodge penalty (FTL). If you are late in lodging your BAS, for every 28 day period (or part of) that you failed to lodge you can be charged $110; however, you can not incur charges that exceed $550. NB: the penalty is x2 if your business turns over more than $1 million but less than $20 million, and x5 if you turnover more than $20 million.

If the BAS you submit contains information that is not correct, the least you will be charged – in the case of a genuine mistake, is general interest on the underpaid tax or extra credit received. If however, the mistake was attributable to carelessness or purposefully ignoring the law, you will be charged a penalty based on a percentage of the shortfall amount in question – the exact percentage charged will be dependent on the reason for the incorrect amount.

Important Dates:
You can lodge your BAS either monthly, quarterly, or annually. The following is important dates you need to know in relation to the lodgement and payment of your BAS:

• Monthly: The 21st of every month for the period just gone.
• Quarterly: The 28th of the following months – October, February, April, and July. (In the case of a lodgement/payment being due on a weekend or public holiday, it is due by the next business day.)
• Annually: (pertaining to GST Return): Is sent out after the fourth quarter BAS, and needs to be lodged by either the 28 February, or before your yearly income tax return is due, whatever comes first.

Refunds:
The usual outcome of a BAS being processed is either a refund (from the ATO), or you will owe them money (in relation to your tax collections). When it comes to your refund, sometimes the ATO will keep some or all of it. Their basis for this can include:

• You have a previous outstanding tax debt owing to the ATO,
• Information provided in your BAS needs clarifying,
• You failed to nominate a bank for the payment to go to, or the information you gave the ATO regarding that account was incorrect,
• You forgot to lodge one of your BAS, etc.

In order to avoid late or incorrect lodgment and to ensure that you are getting the maximum tax that is legally due to you it is recommended that you have an accountant or tax agent prepare and submit your Business Activity Statements. This also gives you more time to worry about the day-to-day running and growth of your business.

Should you have any queries, require assistance with your Business Activity Statement or would like more information please contact The Quinn Group on 1300 QUINNS or click here to submit an online enquiry.