A new issues paper from Treasury’s Competition Review questions whether non-competes and other restraints are limiting job opportunities and movement. A recent Australian Bureau of Statistics (ABS) survey found that 46.9% of businesses surveyed used some kind of restraint clause, including for workers in non-executive roles. The survey also found 20.8% of businesses use non-compete clauses for...Read More

It is common for business owners to devote their money into a business to get it up and running until it can sustain and survive on its own. A recent case highlights the dangers of taking money out of a company without considering tax implications. Case Study – Private and Company Expense A taxpayer who...Read More

Solomons Legal Proudly Supports Living Colour Magazine in Celebrating Diversity and Inclusivity Solomons Legal Appears On Page 2 – After The Front Cover Brisbane, Queensland – Solomons Group is thrilled to announce its support for Living Colour Magazine, a bright publication that champions diversity, creativity, and cultural appreciation in Australia. Through a strategic advertisement placement...Read More

Victor Asoyo has been honoured as a finalist for the 2023 African Professionals of Australia Award, recognizing his exceptional contributions to his profession and the African community in Australia. Dr Maggy T. Sikulu-Lord receiving the award on behalf of Victor Asoyo Brisbane, Queensland – The African Professionals of Australia (APA) is pleased to announce that...Read More

Roy Kim had been distinguished as a nominee for the 2023 Lawyers Weekly Partner of the Year Award, in recognition of his exceptional leadership and achievements in the legal field. Roy Kim had been nominated for the prestigious Lawyers Weekly – Partner of the Year 2023 award, acknowledging his outstanding leadership and contributions to the...Read More

Just in time for the Fringe Benefits Tax (FBT) year that started on 1st April, the Australian Taxation Office (ATO) has released new details on electric vehicles. The FTB exemption for electric cars Starting from 1 July 2022, employers may be eligible for an FBT exemption if they provide their employees with the use of...Read More