ATO

ATO Compliance – Ensure you have the right structure for your business and family trust

The ATO is currently working on new guidance and compliance for the use of family trusts in relation to taxation obligations and professionals/company business structures. Of particular interest to the ATO is the concern that professionals and tradespeople are contravening anti-avoidance rules by using Family Trusts to distribute income at a lower tax rate without […]

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The importance of the evidence matching what you tell the ATO

In the news recently, the ATO is chasing some scenarios to ensure that what the taxpayer tells them is matched by the evidence.  Determining the tax treatment of a property transaction can sometimes be a difficult exercise and there are a number of factors that need to be considered. This will often include the intention

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Sole Traders and when to start a ‘Company’?

So you are currently operating as a Sole Trader, it’s going great, but have you wondered when is the right time to start operating as a ‘Company’? Setting up a company structure to operate your business can have some great benefits. Companies are: Companies are registered with ASIC and require a small yearly fee to maintain

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