Reverse Tax Calculator – Net To Gross

Reverse tax Calculator

We have just released our Reverse Tax Calculator which calculate net (after tax) earnings to gross (before tax) earnings. You can use tax rates from 2013 to 2002 and specify either weekly or annual net (after Tax) earnings. This calculation is used on a regular basis by Personal Injury and … [Read more...]

Pre and Post Judgment Interest Calculators Updated

RBA

We have updated our pre and post judgment interest calculators to take account of the Reserve Bank of Australia Cash Rate as at 31 December 2012 of 3%. Pre-judgment interest is calculated at the RBA Cash Rate plus 4%. The pre-judgment interest rate changes every six months based on the RBA Cash … [Read more...]

Loss of Superannuation – Zhang v Golden Eagle International Trading Pty Ltd

loss of superannuation

In Zhang v Golden Eagle International Trading Pty Ltd and Ors [2006] NSWCA 25, loss of superannuation was calculated at 11% of the net loss of earnings. This is effectively a short cut to calculating loss of superannuation in personal injury cases because superannuation is 9% of an employee's … [Read more...]

Actuarial Factors Calculator for Personal Injury

Actuarial

The Actuarial Factors calculator is one of most popular calculators for personal injury lawyers. Mainly because it is so simple to use and provides personal injury lawyers with the exact information that they need to insert into their statement of claim, advices and to make calculations of … [Read more...]

Add Backs in Depreciation in Business Valuations

Depreciation in Business Valuation

One of the most common mistakes that people make is to add back depreciation in business valuations on the basis that it is a non-cash item. Whilst this is correct in discounted cash flow valuations, because depreciation is added back and deduction is made for expected capital … [Read more...]

Deducting the Owners Salary In Business Valuations

Deducting the Owners Salary In Business Valuations

One of the most common issues that I get asked is why should we deduct the owners salary from future maintainable earnings in business valuations. The most common reason why the owners salary should not be deducted is that business brokers never deduct owners salaries and always represent the … [Read more...]

Protect Your Superannuation from Scams

Protect your Superannuation from Scams

The Institute of Chartered Accountants have revealed that between 2007 and 2012, approximately 2600 Australians were scammed out of over $113 million in superannuation. How? It is important to note that these scams have affected Australians from all walks of life, including those who consider … [Read more...]