A common question from our clients is.... “What is the difference between a company and a family trust?” When it comes to choosing a business structure in Australia, two...
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Directors are now required to register for a unique identification number that they will keep for life. If you are already a Director, this needs to be applied for by...
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Australian company directors are now required to register for a unique identification number that they will keep for life, much like a tax file number. The Director Identification Number (DIN) will...
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Superannuation is not like other assets as it is held in trust by the trustee of the superannuation fund. When you die, it does not automatically form part of your...
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Directors will be required to register for a unique identification number that they will keep for life, much like a tax file number under a rewrite of Australia’s business registers
We often get questions from clients about what they can and cannot do in their SMSF. Often the questions relate to related party transactions
Your Ultimate 10-Step Checklist for Buying a Business in Australia Are you planning to purchase an existing business in Australia? The thought of becoming your own boss can be exciting,...
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Stimulating investment is high on the Government’s agenda. To encourage spending, the 2020-21 Budget introduced a measure that allows businesses with turnover under $5bn to immediately deduct the cost of...
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Directors will be required to register for a unique identification number that they will keep for life, much like a tax file number under a rewrite of Australia’s business registers....
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The Australian Taxation Office (ATO) has been concerned for some time about how many professional services firms are structured – specifically, professional practices such as lawyers, architects, medical practices, engineers,...
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Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up the volume of insurance claims. Most people would assume that if and when
If you are a partner or owner of a professional service business, and you: - Don't take regular profit distributions - Run the business from your bank account - Have no idea...
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The first thing we do when working with a professional service business is to calculate the billing capacity of that firm. In this guide, we will explore these so...
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As a reminder, when concessional contributions are made into your super fund, commonly being amounts paid by your employer from your before-tax income or a personal contribution that you are...
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As a small business owner, it is important you are aware of the CGT concessions available to you when you sell your business. These concessions can be generous and result...
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