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Benefits Of A Self Managed Super Fund
Benefits Of A Self Managed Super Fund
The tax rate of a self-managed super fund is 0% and this is not a trick like the trust was. In certain conditions, your self-managed super fund can actually pay 0% in tax on what it earns. The differentiator between the two is the 15% tax rate is...
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The Pty Ltd Business Structure Explained
The Pty Ltd Business Structure Explained
How you tell someone has a company in their structure, is the letters “Pty Ltd” at the end of the name. For instance, our own structure is Inspire Accountants Pty Ltd. So we've got a company within our own structure.
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Draw Vs. Loan - What's The Difference?
Draw Vs. Loan - What's The Difference?
A way to take money out of a company is through a loan and it’s quite complex. If you have a company structure you might have heard your accountant talk about this thing called Division 7A, or maybe a frustration with company loans.
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The Cons Of Being A Sole Trader
The Cons Of Being A Sole Trader
What is the highest rate of tax you can pay as an individual or a sole trader in Australia?
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3 Characteristics Of A Trust
3 Characteristics Of A Trust
Trust is not a legal requirement like the Pty. Ltd. in a company.
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Are You Running A High-Risk Business?
Are You Running A High-Risk Business?
Sole traders are basically the highest risk you’ve got. In terms of asset protection, it is a continuum of how comfortable you are with risk.
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Differences Between Dividends & Distributions
Differences Between Dividends & Distributions
For shareholders who own the company and who are entitled to the profits, you pay a dividend which is a payment of prior year profits to the shareholders. If the dividend is franked, which means the company has paid tax on that amount, the...
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Can A New Business Sponsor A Visa?
Can A New Business Sponsor A Visa?
We recently invited Michel Sulzbach and Erica Carino, directors of Bravo Migration to a webinar on the topic, ‘Hiring Temporary Residents on a Visa’ Here’s what they said - Any business could be approved to become a sponsor. The requirements to get...
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How To Pull Money Out Of A Company
How To Pull Money Out Of A Company
The first way to pull money out of a company is to pay yourself a salary. It is the context in terms of pulling money out. So, how do you put food on the table through a profit you generate in your company or trust?
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Should You Apply To Multiple Banks For Funding?
Should You Apply To Multiple Banks For Funding?
We recently invited Scott McGregor, Commercial Broker at Mortar Finance to a webinar on the topic, ‘Funding Your Next Business Acquisition.’ Here’s what he said - We have conversations with a number of banks to understand their appetites
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