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5 Things Your Family Trust Needs To Do Before 30 June

5 Things Your Family Trust Needs To Do Before 30 June

Every year your accountant slips you a document says something about Bamford, and sends you an invoice. Ever wondered what that’s about? Well wonder no more.  Here’s the 5 things every family trust needs to do before 30 June (and the 5 things you’ve been outsourcing to your accountant and probably not realising); Read the […]

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Tax Minimisation and Planning For Small Business

Tax Minimisation and Planning For Small Business

Tax Planning. What a phrase. It gets bandied around a bit, actually, probably just by accountants.  But clients tend to nod their head and agree that yes, if you say we need to plan our taxes, then we probably should. So what the hell are we talking about? In my mind its two-fold; Tax Minimisation […]

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What Should A Small Business Board Of Advice Be Talking About?

What Should A Small Business Board Of Advice Be Talking About?

“You need an advisory board” is something I’ve heard a bit in the market place. It’s something I tell my clients, it’s something the QLD state government will provide up to $10,000 in funding to under the Accelerate Small Business Grants Program, but it’s something I fear doesn’t get the return on investment it should.  And […]

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Fringe Benefits Tax (FBT) For Small Business

Fringe Benefits Tax (FBT) For Small Business

Fringe Benefits Tax (FBT) is mostly ignored by small business and their accountants. Most think of it as a tax for big business, with lots of “entertainment” and exotic remunerations strategies or government departments with scores of internal finance people. But unfortunately, this is mistaken.  FBT applies to all business who provide benefits to employees […]

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The Risks Of Being A Company Director

The Risks Of Being A Company Director

Starting a company is easy. Too easy almost. Just be over 18, not bankrupt, fill in a form, pay the fee and you’ll have a Pty Ltd company registered with ASIC (Australian Securities and Investments Commission) in about 10 minutes. There’s no knowledge requirements, no tests, nothing telling you before you click the button “by […]

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Which Business Structure Is Right For You?

Which Business Structure Is Right For You?

In this article, I am going to run through what to consider when structuring your business. But I’ll cut to the chase and tell you up front that 9/10 times I recommend Pty Ltd company owned by a discretionary trust (or a variation of this structure). And even more freebies; The director(s) of the company […]

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You Need More Than Resolve

You Need More Than Resolve

It’s that time of year again.  You’re thinking about what you want to achieve; change; improve; never do again starting midnight on the 31st December.  This time is different, it won’t be like this last year. This time you mean it. Whether its losing weight, saving more money, drinking less we’re all pretty good at […]

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