When purchasing a business or restructuring your current situation you will need to decide what sort of entity you would like to operate your business in. You will need to consider factors such as the security of personal assets and choosing a tax effective structure.
You also need to be aware of the Personal Services Income (PSI) rules. If these rules are not satisfied it may remove any tax benefit gained from a particular structure.
We can advise you on the most effective structure for your new venture, or advise on how your current structure could be improved.
We can also establish the structure, and lodge the required registrations with ASIC and the ATO, including Company & Trust establishment, Australian business number (ABN), Tax file number (TFN), Goods and services tax (GST) and Pay as you go (PAYG) registrations.