Maximising your property Investment: Trust vs Company – Which structure is right for you?. What is a trust and how does it work for property investment in Australia? A trust is a legal arrangement in which a trustee holds assets on behalf of beneficiaries. Trusts come...
What is the importance of having a Director ID?
To be a director in Australia, verification by ABRS & obtaining a DIN is required. This 15-digit identifier helps prevent fraudulent activities & creates accountability. The main goal is to prohibit unlawful activities and create fraudulent director identities.
Your Guide to Taxable Payments Annual Report (TPAR)
Staying up-to-date with tax compliance is necessary when running a business. Failure to comply with reporting obligations can lead to penalties, becoming a financial burden. Understand the general rules in tax compliance and the specific requirements imposed on the industry of your business.
What is PAYG: A Must-Know
PAYG means “Pay As You Go,” which the Australian Taxation Office uses to collect payments from taxpayers. It is beneficial since paying tax ‘as you go’ over the year entails not settling the lump sum amount at one go but spread out in instalments, making it easy to meet tax obligations.