Why Register Your Business Name? This is a question that regularly causes confusion so I will try and simplify the answer below. The Purpose of a Registered Business Name "Registering your business name simply means nobody else can trade with that business name – It does not give you any...
Tax planning not just making us money - Let me prove it. February is a good time to start thinking about how much tax you want to pay this year. With the right advice, you may be able to cut thousands of dollars off your tax...
Engaging contractors is a sham to avoid tax and other levies - Really? Sometimes this view is promoted by those in the HR industry who have a vested interest, sometimes by those with a political agenda, and sometimes by those infamous know-it-all BBQ advisers. The truth...
How to avoid paying 49% in tax! Most discretionary trust deeds will contain a clause requiring the trustee to prepare an annual Trustee Resolution to distribute the income. That resolution is usually required before the end of the Tax Year, even though the trustee may not...
This will quite possibly be the shortest post I have ever written. That is because the general answer to the question is a simple one. YES Why is a Corporate Trustee a “No Brainer” Decision? The ATO have provided a useful video which is worth watching. https://youtu.be/YzY8kifTeG4 The key benefits...
Both the Federal and State governments have made several changes over the last few months that affect foreign based property investors. Land Tax payable by foreign and non-resident land owners has generally been increased and is different in each state as is the definition of...
Here are Grow Accounting we look after rental property owners & property developers all over Australia & it’s fair to say we see more investment loans than your average accountant. If you are like one of the 2 million people in Australia with an investment...
We Know You Don’t Really Need Our Advice – But…. This blog is summarised with this one simple request. Please call us as early as possible if you are considering buying a business. A quick no obligation chat might just end up saving you a lot of heartache...
I don’t think I am exposing any elephant in the room when I say no one likes paying tax. Even worse are those unexpected tax bills which can be very confusing as to why they occur. Depending on your situation i.e employee or business owner there...