The Most Common Types of Business Structures in Australia
Ready to start a business in Australia? Learn about the most common types of business structures and the advantages and disadvantages of each type.
The 7 Types of Trusts in Australia You Need to Know
The different types of trusts in Australia are widely used as a preferred business structure when it comes to investments, managing the financial affairs for families as well as business purposes. But did you know that there are a handful of different types of trusts in Australia? If you’re looking to open a trust, it’s…
Personal Services Income: 4 Steps To Tell If You’re Subject to PSI Rules
Following the Review of Business Taxation report in 1999, various recommendations were made due to growing concerns that individuals were sidestepping the tax implications of personal services income through the use of interjectory companies. contract As a result, many individuals were getting away with paying less income tax and having access to greater tax deductions…
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5 Essential Pty Ltd Company Advantages You Should Know
Updated: 14 July 2020 If you’re a sole trader or in a partnership, you’re likely assessing Pty Ltd Company advantages and whether setting up a Pty Ltd Company would be suitable for your situation. Many clients ask me why they should set up a Pty Ltd company. The answer to that is – it depends….
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Winding Up a Company: 10 Essentials Steps You Need To Take
When winding up a company, you must follow the correct process to ensure that your proprietary limited company has officially ceased to exist. Without doing so, you are still obligated to perform regulatory reporting and incur fees on an annual basis. Furthermore, the company will be at risk for exposure to future liabilities that may…
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7 Step Guide to Choosing the Right Business Structure
A comprehensive comparison table to help you to decide the most suitable business structure for you!
Small Business Handbook | Business Structure | Business Structure | Contractor Handbook | Guides | Startup | Startup | Startup | Structures
Sole Trader vs Company: The Essential Comparison Guide
Choosing a business a sole trader vs company business structure can be confusing as each individual’s business situation is different. In our experience, many business owners consider between a sole trader vs company business structure when they’re looking to reduce tax liability, grow their business and to limit their personal assets from risk. In a…
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