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Why Use A Bucket Company?

Why Use A Bucket Company?

A “bucket company” allows you to “cap” the tax on profits distributed by a trust to 30% or 27.5%. This is much less than the individual top marginal rate of 47%!

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Minimise Your Business Tax – 2022 Tax Planning Guide

Minimise Your Business Tax – 2022 Tax Planning Guide

Small businesses can access a range of tax concessions from the ATO. To qualify as a “Small Business Entity”, the business must have an aggregated turnover (your annual turnover plus the annual turnover of any business connected/affiliated with you) of less than $10 million.

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Minimise Your Personal Tax – 2023 Tax Planning Guide

Minimise Your Personal Tax – 2023 Tax Planning Guide

Maximize your savings with our tips on reducing taxes. Claim tax deductions for home office expenses during COVID-19 using the “Shortcut Method.” Take advantage of the $25,000 deductible super contribution cap & consider carry-forward contributions. High-income earners may face additional 15% tax..

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How The ATO Identifies Potential FBT Employers

How The ATO Identifies Potential FBT Employers

The ATO access other databases to ensure that employers are compliant. One example of this is accessing state government records to confirm all motor vehicle purchases by an employer and ensuring that these are properly accounted for in both the financial statements.

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