The Australian Taxation Office has a range of concessions available to small business entities and these apply to sole traders, partnerships, companies and trusts. To be eligible for these concessions you need to operate a business for all or part of the income year and have an aggregated turnover of […]
Daily Archives: April 11, 2018
3 posts
When completing your tax return, you are entitled to claim deductions for some expenses, most of which are directly related to earning your income. For you to be able to claim a work-related expense you need to show that: you have spent the money yourself and you did not receive […]
When it comes to your new business venture, it is important to seek advice on how best to structure your business from a taxation point of view. One of the structures we recommend to our clients is using a Discretionary Family Trust with a Corporate Trustee. The main reasons for […]