THE QLD GOVERNMENT HAS ANNOUNCED THIS SCHEME HAS NOW BEEN CLOSED TO ALL NEW APPLICANTS The Queensland Government has just a couple of hours ago released their Job Support Loan package. The details of this package are summarised below our recommendations. Our Recommendations and General Advice* *The information...
We Know You're Busy so Here's the Short Story Because This is Important We have noticed a marked increase in the ATO's audit activity of employer super obligations and some of our clients have been stung with excessive interest charges (we feel quite unfairly at times)....
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...
A trust exists where there are assets legally owned by “a person” (trustee) for the benefit of another “person or persons” (beneficiaries); note that the definition of “a person” can include a company. While this article will focus on discretionary trusts there are various forms of...