Structuring & Asset Protection
One of the key areas of tax planning is a “Good Structure”. This may seem costly or inefficient in the short term, but will always be of benefit in the long term. Naturally this does not imply that you are best off with the most expensive structure straight away. Instead it is best to revisit this during any change or at least once a year as your business grows. At this point it is common for us to weigh up the costs versus the benefits of each structure. Typically this would involve the discussion of costs associated with transfer of any asset, setup and formation, and timing, effect on direct and indirect taxes, and possible grouping issues. Other than these issues we usually touch on the legal aspect of the structure, asset protection and beneficial ownership.
As a wise man once said: “There is safety in numbers”
As a general service we also provide a Registered Office for our clients and monitor and update any address changes with the Australian Securities & Investments Commission (ASIC).