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andrewding on Trust – asset protection…
Author Archives: hrtax
Poor accountant – his superfund made non-compliance
In the case of The Trustee for the R Ali Superannuation Fund and Commissioner of Taxation, AAT had issued a notice of non-compliance to the Trustee of the R Ali Superannuation Fund. The facts here are as follow 1. During … Continue reading
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Tagged financial assistance, non-arms length, non-compliance, superfund
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Things need to be aware when hiring a staff
Last week I have been approached by one of my clients for recommendations of hiring an employee. After being with him for an hour or so, my key points are listed below before he goes ahead to hire an employee … Continue reading
Directors fee vs salary and wage to directors
A lot of my clients asked me to pay them directors fee rather than wages by saying that this was what their previous accountant told them. So let us compare what really the difference between directors fee and salaries and wages … Continue reading
Trust – asset protection hero
Most of us probably know trust is a perfect vehicle to distribute income and save tax. However what most people don’t know is that it is also a perfect vehicle for assets protection. Some of the trust structures are poorly … Continue reading
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Tagged assets protection, corporate trustee, discretionary trust, trust, unit trust
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Capital work and capital allowance
Today I was having lunch with one of my clients. I got to the point that I have to explain how we take the figures from the depreciation schedule and put it in the tax return for her. The first … Continue reading
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Tagged capital allowance, capital work deductions, depreciation
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