There are four commonly used business structures in Australia:
Sole trader Partnership Company Trust
It’s important to understand the responsibilities of each structure because the structure […]
Apply for a director ID from 1 November: https://www.abrs.gov.au/director-identification-number
Director identification numbers (director ID) are a new requirement for all company directors, designed to help combat illegal activity by making it easier to trace directors’ […]
Based on our analysis, the big winners appear to be:
Business – the instant tax deduction for buying equipment, cars, […]
This page shows when to apply the lower rate and how to work out franking credits.
Company tax rates apply to:
companies corporate unit trusts public trading trusts.
The full company tax […]
1.1 Changes to personal income tax rates
The Government has announced that it will bring forward changes to the personal income tax rates that were due to apply from 1 July 2022, so that these changes now apply from 1 July 2020 (i.e., from […]
Setting up a business structure
We explain the benefits and disadvantages of different types of business structures. Sole trader
A sole trader is the simplest business structure and it is inexpensive to set up because there […]
EOFY reminders – annual tax returns
Some of these will help to minimise your tax. Others will reduce your exposure to an ATO tax audit. We have […]