Trusts

Trusts are getting a lot of press lately as the Australian Taxation Office re-evaluates it’s policy in respect of existing legislation. Clearly, they are trying to limit any “perceived” tax advantages that have been enshrined in common law. So why tell you this? because if you have an existing trust we need to tread softly, softly and if you’re looking to use a trust as a trading vehicle, an investment vehicle, of a family tax vehicle then we need to consider the current direction of the ATO’s income assessment intentions.

Trusts still have a place in this world and clearly have benefits (not just tax benefits) in certain situations. Guidance is imperative until the commercial world digests the impact of the current ATO direction.

If you are currently trading your business through a trust then we are more than happy to guide you through this mine field and attend to all matters of Taxation and Bas. Trusts used as an investment vehicle still need to comply and ensure its taxation obligations are maintained.

And regardless of your Tax Structure we can provide business systems and advise to make you informed and more proficient at the operations of your business. At the end of the day your Tax Structure will not determine success or profitability. When looking for an all round tax and business advisory service then don’t let the name fool you, we have you covered.