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Tag: company

tax rate

Is Your Company Paying the Right Tax Rate?

The difference between a 25% and 30% company tax rate can mean thousands of dollars to your business each year. Yet many Australian companies get their tax rate wrong, either overpaying tax or facing unexpected bills when the ATO catches up with them. The Australian Taxation Office has recently reminded businesses that your company’s tax…
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Business Structure

Choosing the right business structure to maximise the return and to minimise the legal and economic risk for the owner(s) is important. Choice of structure can significantly affect the tax liability arising from various transactions. Sole traderA sole trader is subject to income tax on all sources of assessable income whether from business, salary and…
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