There are four commonly used business structures in Australia:
Sole trader Partnership Company Trust
It’s important to understand the responsibilities of each structure because the structure […]
Many business owners have reduced their 2022 PAYG instalments to Nil during the COVID-19 period, but now you […]
The Government has announced a once-off $420 ‘cost of living tax offset’ for the 2022 income year, which will be provided in the form of an increase to the existing LMITO. This will increase the maximum LMITO benefit to $1,500 […]
From 1 July 2021, self-managed super funds (SMSF) and small APRA funds (SAFs) will be able to have up to six members.
If you are considering expanding your fund, you will need to […]
Example
The […]
With changes in rulings around foreign beneficiaries in discretionary trusts owning residential property happening for Victoria at the beginning of this year, and NSW at the end […]
Background
Trusts are governed by are […]
6 Final reminders of how to reduce tax for 2020
As a business owner, there are many obligations that you need to consider and action just before and after 30 June.
Some of these will help to minimise your tax. Others will reduce your exposure to an ATO tax audit. […]
Reduce your 2020 tax
For 2020, key priorities are likely to include:
Maximise Federal and State Government Stimulus Payments Deferring […]
NSW foreign duty and land tax surcharge
If your discretionary […]