What Ignoring Your FBT Obligations Could Trigger with the ATO?

Fringe benefits tax (FBT) is a special kind of tax that all employers pay on the benefit that they provide to their employees and/ or their family. This benefit could be a part of the salary or something additional to it. It is important to note how the FBT is different from an income tax [...]

By | April 20th, 2018|Business Structure|0 Comments

Should I register my business for GST?

The goods and services tax, known as GST, is a broad-based tax charging 10% on goods and services sold in Australia. This tax affects businesses regarding their revenue. As a businessman, it is your responsibility to get your business registered for GST in three situations. Your business' income is $75,000 or more. It is advised by [...]

When Should I move from a Sole Trader to a Company?

A common question that comes into every sole trader’s mind, especially owners of small businesses, is ‘when they can take a step forward and form a company.’ This decision is an important one and needs to be done when the business is at the right stage. There are certain factors that you need to consider [...]

By | March 7th, 2018|Business Structure, Small Business|0 Comments

Does Your Business Have A Clear Direction?

Are you thinking in the right direction? Is your vision shiny and clear about how you need your business to run and flourish in the future? Am I taking the right step? Is it going to be a profit deal or a loss one? All these questions along with numerous others come into the minds [...]

By | March 6th, 2018|Business Structure, Small Business, Wealth Management|0 Comments

What Business Structure is right for me?

Setting up a business can be a daunting time. Ensuring you have the right structure in place is vital and could save you from expensive and excessive tax bills down the track once you're making larger profits. So what are the different structures and what structure best suits your needs? The business structure you need [...]

By | November 18th, 2016|Business Structure, Small Business|0 Comments