Which Structure for Small Business in Australia in 2023? (Company, Trust, Partnership, Sole Trader)

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  • Опубликовано: 21 дек 2024
  • In this video, we discuss the most common small business structures in Australia for 2023:
    • Sole Trader
    • Partnership
    • Company
    • Trust with Company Trustee
    • Company with Trust Shareholder
    Wattle Accountants
    Presented by: Craig Moschner CA, Principal Accountant
    Website: www.WattleAccountants.com.au
    Phone: 1300 945 895
    Email: contact@wattleaccountants.com.au
    Quote: www.wattleacco...

Комментарии •

  • @abrahammahmoudi7470
    @abrahammahmoudi7470 23 дня назад

    Thanks very much

  • @armanshaghi
    @armanshaghi Год назад +6

    Clear and concise summary, thank you for the video

  • @Sopez1
    @Sopez1 9 месяцев назад

    Very good video!

  • @degenninja1628
    @degenninja1628 Год назад +5

    Trust with Company trustee vs company with trust shareholder: when would it be better for each setup?

  • @tobymartin2249
    @tobymartin2249 4 месяца назад

    Great video! Thank you

  • @ParasTube
    @ParasTube 8 месяцев назад

    This is so useful. I'm very new to all of this. I plan to start as a solo business person for my RUclips and online ventures and would love to know more info on how to structure it.

  • @xyzyjt
    @xyzyjt 6 месяцев назад +1

    Thanks

  • @AlexK-t3o
    @AlexK-t3o 8 месяцев назад

    Thank you!

  • @shanpieee
    @shanpieee 5 месяцев назад +1

    great video! thank you

  • @jeanvanderwesthuizen4545
    @jeanvanderwesthuizen4545 10 месяцев назад

    Of all the structures, which one is best ?

    • @wattleaccountants
      @wattleaccountants  10 месяцев назад

      Unfortunately there is no answer to this question as it depends on your circumstances.

  • @Foetoid2k6
    @Foetoid2k6 Год назад +2

    I am considerably more confused. So the company tax rate is 25% and pays income to the director and potentially my spouse, who then pays income tax.
    But everyone keeps saying it’s a way to minimize tax. Even tho the money is being taxed twice. What am i missing.

    • @0mon0zz
      @0mon0zz Год назад

      I believe this is resolved with franking credits? Unsure

    • @wattleaccountants
      @wattleaccountants  Год назад

      Hi Foetoid2k6,
      We cover this common question in our video "Why Companies (PTY LTD) Don't Save you on Tax, Don't Believe the Hype!"
      Link: ruclips.net/video/0XkwbDgW5OQ/видео.html

  • @patelsleydrums
    @patelsleydrums 11 месяцев назад

    Hi. Thanks for the content. Can an offshore company be listed as a beneficiary of a trust in Australia?

    • @wattleaccountants
      @wattleaccountants  11 месяцев назад

      Hi Patelsleydrums,
      It is possible, you should ensure the trust deed is prepared correctly and the additional tax implications are managed by your accountant.

  • @melwills3822
    @melwills3822 Год назад +1

    Hi there, thanks for putting this together- really helpful. Just wondering about what the best option would be for a not for profit. I am looking to start up a business that would potentially have one or two other employees. Much appreciate any thoughts you may have. Thank you🙂

  • @mohanaabinaya
    @mohanaabinaya Год назад

    In case where the trust is the owner / share holder of company, when the trust winds up after 80 years. What happens to the business and company ?

    • @wattleaccountants
      @wattleaccountants  Год назад

      Hi Mohana,
      We would require more information to provide you with the advice, we recommend booking a consultation with one of our Accountants.
      You can book a consultation using this link: www.wattleaccountants.com.au/home/get-started/
      Be sure to have your original trust deed and any variations available to assist with your review.
      Kind regards

  • @xfinancialservices4021
    @xfinancialservices4021 Год назад

    ✔️