We have a lot of dentist clients who have downed tools during the Level 3 restrictions. One thing they have in common is that they’re making lemonade out of lemons and getting their practices ‘shipshape’ for when the restrictions are downgraded back to Level 1 or 2. If this sounds like you, read on!
This is a big question. The answer is going to depend on a range of factors, but there are some general rules you can apply.
If you are carrying on a business through a partnership, then we strongly suggest you consider moving to a company. Find out why will hold this opinion.
If you are about to pay off your limited recourse borrowing loan (or have recently done so), you are probably wondering what to do next. You might want to simplify your super fund investments and wind up the custodian trust. Or you might be planning your next property purchase. In this article, we answer [...]
An 'Ancillary Fund' is a special type of trust that can be used to collect and distribute donations for charitable purposes. The Fund can be set up through a trust deed while you are alive, or through your Will. Importantly, the Fund does not undertake charitable work itself, but can be used as a collection point to pool donations and then distribute them to charities and causes, as decided by the trustees.
- What’s the best structure for my startup? GalleryAdvisor Interest, Areas of Law, Business Interest, Commercial/Business, Companies, Facebook Published, Individual Interest, LinkedIn Published, Marketing, Newsletter Published, Newsletters, Structures, Twitter Published
When asked what structure to use, we like to apply several key principles and ‘rules of thumb’ to get the right answer.
What is the ESS 'start-up' concession and how do you qualify for it?
How do you calculate the extent of any 'discount' when an interest under an employee share scheme is granted to an employee?
How do you qualify to defer any tax otherwise payable on shares and options acquired under an employee share scheme? When does the deferral come to an end?
- I’m setting up a not-for-profit organisation. What’s the best structure to use? GalleryAdvisor Interest, Business Interest, Facebook Published, Individual Interest, Marketing, Newsletter Published, Newsletters, Not for Profit, Structures, Twitter Published
We are commonly asked what's the best structure to use when setting up a new charity or other 'not-for-profit' (NFP) organisation. While incorporated associations and public companies limited by guarantee are often suitable, they are not the only options, and there is no easy 'one size fits all' answer.
So you've just come up with a great business concept, given it a test-drive among your family and friends, and now want to go to the next stage. What do you do? You need to put together the 'playing field' for your venture. In other words, you need a 'business structure'.
When we hear the word 'company', we all think we know what the person is talking about. We deal with companies every day. Most of us work for a company, and we certainly buy things from them. But companies are actually a strange thing. Let's start with a bit of a history lesson.
Learn about the key tax and super measures in the recent 2016 Federal Budget
The concept of a 'bucket company' is used to describe a company into which distributions from a discretionary trust are made to cap the tax rate on the trust's income to the flat company rate of 30%.
The short answer is that it depends on whether the trustee first falls within the class of potential beneficiaries, and then whether the trustee is specifically excluded from benefiting.