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What is a Partnership?

One of the most fundamental decisions you have to make when forming a business is which structure is right for you. In Australia, you have a number of options, including trust, company, sole trader and partnership.  In this blog we’ll dive into what a partnership actually is and how they work.What is a Partnership?In its…

How To Know If A Business Name Is Taken

 Naming your business can be tricky. It certainly consumes a lot of mental energy for some people when starting a business and many a consultant has made a fortune coming up with names and brands for businesses. Then even when you’ve got something you think is great, how are you to know if a business is…

Personal Services Income: A Beginner’s Guide

Personal Services Income, or PSI, is given as a reward for an individual’s personal efforts and skills. At least, that’s how the Australian Tax Office sums it up. When it comes to your taxes, PSI is a common type of income for Sole Traders and individuals who earn money through an interposed entity (consultants and…