Australian Company Tax Rates Explained: A Guide for Business Owners Running a business in Australia is an exciting journey, filled with opportunities for growth and success. However, it also comes with its fair share of administrative challenges—chief among them being the complex world of taxation. For many business owners, tax time brings a sense of […]
Should I register my business as a company? One of the most frequent questions we get from business owners is, "Should I set up a company structure?" It’s a crucial decision that can shape your business's future, from your tax obligations to your personal liability. The honest answer is: it depends. There’s no single solution […]
Your Guide to Pty Ltd Companies in Australia Starting a business in Australia is an exciting venture, but choosing the right legal structure can feel overwhelming. With approximately 20,000 new companies registered each month, the Proprietary Limited (Pty Ltd) structure is by far the most popular choice for Australian entrepreneurs. But what does it actually […]
5 Essential Pty Ltd Company Advantages You Should Know Starting a business in Australia involves many crucial decisions, but perhaps none is more important than choosing the right business structure. Among the various options available, the Proprietary Limited (Pty Ltd) company structure stands out as one of the most popular choices for entrepreneurs and small […]
Company vs Trust: Which Business Structure Wins? Choosing the right business structure can make or break your venture's success. Two structures consistently dominate discussions among Australian entrepreneurs and their advisors: companies and trusts. Both offer sophisticated benefits, yet each comes with distinct complexities that can significantly impact your tax obligations, asset protection, and operational flexibility. […]
Starting a new business is an exciting venture, but it comes with a long list of critical decisions. One of the most fundamental choices you'll make is selecting the right business structure. This decision will impact your tax obligations, personal liability, compliance requirements, and your ability to grow. We understand that navigating the complexities of […]
Director Fees: What you need to know about compliance and tax Director Fee Facts Director fees are paid to members of a company’s board of directors or owners of private companies. Can be paid in cash, shares or other forms of remuneration. Directors are not employees so no salary. Amount of director fee determined […]
Quick facts You can claim parking on your tax return if you are using it for work purposes. Eligible parking expenses are for business trips, visiting clients or suppliers and commuting to different work locations. The amount you can claim varies depending on the vehicle and duration of the trip. Keep records and receipts for […]
Accountant vs Financial Advisor: What’s the Difference and How to Choose Key Takeaways Roles Defined: Accountants primarily manage financial statements, taxes, and compliance, while financial advisors focus on wealth management, investment strategies, and guiding clients toward their financial goals. Services Offered: Accountants provide detailed financial record-keeping and reporting, ensuring that all legal obligations are […]
