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Taxation of Hybrid Trusts
Introduction to Hybrid Trusts Hybrid trusts are among a small group of not-so well-known tax structures out there. Some people don’t know about them. Others don’t like them. For whatever the reason may be, these structures don’t come up a lot....
Let’s Protect Your Personal Assets
Yes, we are talking about your bum. Bum-covering, to be more precise. It’s no coincidence it’s called “Asset” protection. J-Lo didn’t think it was funny at all. All jokes aside, we should.. Secure Your Financial Well-being: Let’s look at...
How to determine the appropriate circumstances for utilizing the reduced corporate tax rate and franking credits
The company tax rates have now undergone revisions. With a standard rate of 30%, and the possibility of lower company tax rates being applicable in certain years. However, before celebrating, let’s dive in and figure out where exactly we can do this. As you know, with...
Business structures are taxed differently – Australia.
Sole proprietors and corporations share comparable tax and reporting responsibilities, yet it's crucial to understand their distinct features. In the table provided below, we outline both the disparities and commonalities between them. We also briefly look at trusts....
Tax on Businesses – Corporate structures in Australia.
What we know is Unsurprisingly, in an increasingly global economy, investors and business alike want to know what’s the deal when it comes to business tax in Australia. Business tax deductions vary Companies that do not qualify as a...
10 Best Accountants Focused On Serving Small Businesses In Melbourne.
Do you need to go through 100 accountants to find the best services in Melbourne? We don’t think so. Accountants perform an important service nevertheless. So, here are some of the best accountants (and their services) we have come across (we looked at...
A Comprehensive Guide to Rental Property Expenses in Australia
As property owners in Australia, understanding the expenses associated with rental properties is crucial. These expenses can have a significant impact on your finances and taxes. In this guide, we’ll provide a comprehensive overview of rental property expenses, so you...
How are unit trusts taxed?
If you are getting into property (and you are worried about tax deductions and property tax), you will want to know about this in detail. You will have many other valid reasons to do so, below – but also, please know that a large proportion of people who get serious...
A Good Property Tax Accountant Gets You Bigger Deductions
Here's a list of services that a property tax accountant in Australia might offer. -Keeping the books for rental properties so you don't have to lose sleep over it -Presenting financial statements that are so clear, even a real estate novice could understand...
Which Cost Base Elements Apply To You
Firstly, What Are Elements Of The Cost Base - And What Is The Reduced Cost Base? First of all, as you probably know, we are talking about Capital gains tax – when we mention cost base or reduced cost base. That is a tax that individuals and businesses pay when...
Additional REsources
A Few Other Resources We’ve Created for Our Customers
A Helpful Definition Of The Family Trust
Disclaimer: First of all, like everything else on the first page of Google, everything that we written on Family Trusts & Discretionary Trusts in Australia cannot be maintained in time for you to read. There are too many pages. Also, Google takes time to index...
A proper list of rental expenses landlords can claim.
Disclaimer: First of all, like everything else on the first page of Google, this list is likely not maintained. Why? Google takes a while to index anything. By the time it makes there, some of it may not be relevant. That is why you need to contact your accountant or...
How Does A Family Trust Actually Work?
What is an STCA? Some people are not even aware of the benefits of a Family Trust. Others have an over-inflated opinion of the advantages that trust provides. So, what’s what? Here are a few things that make some re-consider the complexity of a family...
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