Comprehensive Guide to Business Structuring: A Masterclass for Australian Entrepreneurs Seeking Success

As of 30 June 2023, Australia boasts a robust business landscape with 2,589,873 active businesses. The 2022-23 period witnessed a growth of 0.8%, translating to an increase of 19,973 businesses. This growth was fuelled by a 15.8% entry rate, accounting for 406,365 new businesses. However, as per the ABS, the period also saw an exit […]

PSI Income: Why the ATO Taxes You, Not Your Company

Are you a doctor, IT consultant, Engineer or professional operating through an interposed entity such as a company or trust, often referred to as a service entity, that receives income from your employer? If so, this article is a must-read to help you understand the latest ATO alert and avoid falling foul of Part IVA. […]