Company tax franking implications
The recent cut to the tax rate for incorporated businesses that turnover less than $50 million a year, while generally welcomed, can bring with it…
Companies Trusts, Partnership
Read MoreCompany tax franking implications
The process (and pros and cons) of ‘electing’ to be a family trust
Trusts are an important and very useful concept for managing one’s financial affairs, as well as estate planning. A trust is established whenever there is…
The dangers of income splitting
Now and then the ATO issues warnings on how its general anti-avoidance legislation can apply to professional firms that allocate profits to individual professional practitioners…
When is refinancing loan interest deductible to a partnership?
About general law and tax law partnerships A general law partnership is formed when two or more people (and up to, but no more than,…
Trust essentials
Trust structures and their use can often be misunderstood – we demystify some of the jargon. Why use a trust? Trusts are commonly used to…
Considerations if your employee wants to salary package
Salary packaging is one way for an organisation to increase the take-home pay of its employees — and if done correctly, at no extra cost…