What about how you always see the accounts setting up a company and a trust at the same time when starting/buying a new business ? Like you “run the business out of the trust” as in trust owns assets etc. But then the trust is owned (trustee?) by a company ? Corporate trustee ? For assets protection ? Please explain these
Regarding PSI. Is it correct that if your sales are PSI but as soon as you have many customers with no customer having more than 80% of sales you are now not a PSI company?
hi Ethan, just wondering if you have a trustee company on top of a trust , then pay beneficiaries of the trust , can the rest of the money filter down into a bucket company to reduce tax? if you buy or hold investment properties , would the properties be put into your trust because of the CGT discount ? great video , thanks Chris
Need help with structuring your business or investments, my business Rooshock Accounting would be happy to help!
rooshockaccounting.com.au/
Really easy to understand, thank you! Food for thought!
No worries!
What about how you always see the accounts setting up a company and a trust at the same time when starting/buying a new business ?
Like you “run the business out of the trust” as in trust owns assets etc.
But then the trust is owned (trustee?) by a company ? Corporate trustee ? For assets protection ? Please explain these
I can cover that at some stage!
Regarding PSI. Is it correct that if your sales are PSI but as soon as you have many customers with no customer having more than 80% of sales you are now not a PSI company?
There is an 80% rule. If you get past this, you could be classified as a PSB instead of PSI
hi Ethan, just wondering if you have a trustee company on top of a trust , then pay beneficiaries of the trust , can the rest of the money filter down into a bucket company to reduce tax? if you buy or hold investment properties , would the properties be put into your trust because of the CGT discount ? great video , thanks Chris
The trustee company typically doesn't effect who are the beneficiaries of the trust. Definitely worth seeking advice from your tax agent.
hi how much do u charge for your service.
Depends what the service is. Best to contact via our website.