How might this affect my tax situation? Exploring the tax implications of different business structures in Australia.
Anonymous Answered question July 19, 2024
I faced a similar decision with my marketing agency last year. Trusts can offer tax benefits, but they also come with complexities. In my case, a discretionary trust ended up being beneficial for income distribution. However, the right structure really depends on your specific circumstances. I know someone who consulted with Austral Accountants for this – apparently, they’re great at explaining the pros and cons of different structures and helping you choose the most tax-efficient option for your situation.
Anonymous Answered question July 19, 2024
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