There is no one best business structure. Every person’s circumstances are different so what might be an appropriate structure for one person may not be an appropriate structure for another. Further, often more than one type of structure may suffice and so a choice needs to be made. The most important thing is to ensure [...]
Browsing Posts in Strategy
Family trusts can be a very tax effective way of managing wealth, and a useful part of an overall strategy for wealth accumulation and asset protection. What is a family trust? The term family trust refers to a discretionary trust set up to hold a family’s assets or to conduct a family business. Generally, they [...]
Asset protection becomes more important as a person’s wealth increases and as a person faces greater risks. These risks often arise when a person works in a managerial or partner capacity in an organisation, such as a director, partner or as a trustee. A person’s wealth is also at risk where they run a business [...]
Video Testimonial – cloud9 Business
September 14, 2010
SMEBA
“Stuart has put in place business structures and systems and attended to tax planning for my businesses, myself and my family. In the first year he improved my cash flow by more than $30,000 and saved me at least $10,000 in unnecessary tax that I had been paying every year. I have used a number [...]
Starting a small business may be relatively simple but as your operations improve and incomes start to grow, getting your financial records in order for tax purposes can be a daunting task. Reporting assessable income, business expenses and other declarations is essential in lodging tax returns. You can simplify this by using the services of [...]
Owners of business structures either as partners, shareholders or trustees can be employed by the partnership, company or trust company they are part of, and receive compensation income for their work. When a business receives payment for personal services rendered by an employee, a question arises about the nature of the payment, especially when the [...]
The Company Secretary plans, administers and reviews corporate compliance activities and effective practice concerning company meetings and shareholdings. Our service also includes: Maintaining your Company Register Dealing with the Australian Securities and Investments Commission on your behalf Using our office as your registered address for delivery of notices Ensuring that relevant director and shareholder minutes [...]
Some businesses require audits to be carried out. An audit liaison assists you through the audit process. Although we are not registered auditors we understand the process and are able to assist in preparing the applicable work papers and communicating with the auditors. We can also refer you to auditors appropriate to your needs. Technorati [...]
Our superannuation advice services include: Setting up self managed superannuation funds Transition to retirement considerations Gearing into Super Year end audit Tax returns Technorati Tags: advice services, Gearing, managed funds, managed superannuation funds, retirement, retirement considerations, salary package, Salary packaging, self managed superannuation, self managed superannuation funds, super, superannuation, Superannuation Advice, Tax returns, tax savings, [...]
The purchase of a business is a big decision! There are many questions to be asked – such as: How much should I pay? Are the numbers reliable? What business structure should I use? How do I value the goodwill? How much checking should I do? What will my accountant charge to assist me with [...]