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A business structure is the legal and tax framework used to own and operate a business. Common structures include sole traders, companies, trusts and partnerships. Each has different responsibilities, costs, tax treatment and risk considerations.
The right structure depends on your business activities, ownership, expected growth, risk profile, tax position, asset protection needs and future plans. We can help you compare the relevant options before you decide.
There is no universal answer. A company and a trust have different legal, tax, reporting and administration requirements. We can help you understand the accounting and tax considerations, while coordinating with legal professionals where legal advice is required.
Yes. We can help with the accounting and tax elements of setting up a new business, including structure considerations, ABN and GST registrations, company registration support, accounting software and ongoing compliance.
Yes. We provide company and trust accounting services including financial reporting, tax returns, compliance, ASIC support, trust distribution planning and ongoing accounting advice.
Consider reviewing your structure when your business grows, ownership changes, you employ more people, acquire property or other assets, your risk profile changes, or you begin considering succession, investment or a sale.
It may be possible, but restructuring can have tax, stamp duty, legal and professional cost implications. It is important to understand those implications before making changes.
Yes. We can assist with partnership accounting, financial reporting and tax obligations. Where partnership agreements or changes to ownership are involved, we can work alongside relevant legal professionals.
Yes. Different structures can have different tax treatment, reporting requirements and opportunities. We can help you understand the tax considerations relevant to your circumstances and wider plans.
