Family Trusts
Do you employ contractors in your business? As a business owner, paying contractors to provide services is a common practice. However, it’s essential to understand your obligations to ensure compliance with Australian Taxation Office (ATO) regulations. Here’s a guide to help you navigate the requirements and avoid potential pitfalls. Distinguishing Employees from Contractors First, it’s …
Family Trusts A family trust is simple but has complex implications for business and tax. This guide explains what a family trust is and how it can benefit you. A family trust is a legal arrangement where a trustee manages assets for a group of beneficiaries. Unlike companies or partnerships, a family trust is a …