Category Archives: Compliance

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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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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Property Development: Tax Implications

Property Development: Tax Implications

Property development is without doubt the most popular thing people want to do to make money that I’ve heard in my advisory career. The conversation usually goes like this; Me: So you’re a Doctor, Lawyer, Engineer, Dentist, Graphic Designer, (insert any occupation here) how’s business? Client: Yeah it’s good, really busy at the moment…. I’m […]

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