Navigating Division 7A Loans in Australia

Division 7A Tax

As a business owner, strategic financial decisions form the bedrock of your day-to-day operations. Among these considerations, you may evaluate whether to provide a loan to a shareholder or forgive an existing one.  If this notion has ever crossed your mind, knowing that such transactions, while seemingly straightforward, can have significant tax implications is imperative.  […]

Change Sole Trader to Company Structure: Is It the Right Move for Your Business?

Deciding on the right business structure is crucial for any entrepreneur, as it can have significant implications for your tax obligations, legal compliance, and asset protection. However, the choice of business structure is more than just a one-time decision that remains static throughout the life of your business. As your business grows and evolves, it […]

How Does a Partnership Structure Compare to a Company?

How Does a Partnership Structure Compare to a Company?

Starting a business is a big step, and choosing the right business structure is one of your most critical decisions. The business structure you select will significantly impact various aspects of your business, including how you pay taxes, the level of personal liability you will face, and how you can raise capital. Two of the […]