JPAbusiness

Good business structures should be effective in:

1. Protecting your assets
2. Minimising your income tax and capital gains tax
3. Simplifying your administration
4. Achieving your retirement objectives
5. Achieving your estate planning objectives.

The right business structure for your situation will depend on a number of considerations. The most important are usually:

• asset protection, and
• the ability to reduce the overall tax rate.

Topics: Business Structures, cheat sheet, sole trader, tax minimisation, trust, asset protection

A few years ago we were fortunate to have business consultant and management accountant Richard Cummins share his expertise in our free eBook, How to choose the right structure for your business.

Richard has kindly updated the eBook to reflect changes in tax policy in recent years – simply follow the links to download the updated version.

The eBook examines five topics:

1. How to determine if your current business structure is the right one
2. Tax and asset protection implications of different business structures
3. Compliance, risk and governance implications of different business structures
4. Future diversification and wealth development
5. Succession and retirement.

Topics: Business Structures, eBook, sole trader, tax minimisation, company, trust, asset protection

Good business structures should be effective in:

1. Protecting your assets
2. Minimising your income tax and capital gains tax
3. Simplifying your administration
4. Achieving your retirement objectives
5. Achieving your estate planning objectives.

Topics: Business Structures, cheat sheet, sole trader, tax minimisation, company, trust, asset protection