Accountants Murwillumbah locals trust

Sole trader, partnership, company, and trust structures each have different tax treatment and asset protection implications. The right structure depends on income level, number of owners, growth plans, asset protection needs, and the type of activity. We can work through the options for your specific situation.

Cross-border property creates state-specific tax considerations including stamp duty (transfer duty) on purchase, land tax thresholds and rates that differ between states, and potential implications for the main residence exemption if you move between properties. We can help map the implications for your specific situation.

The standard list includes BAS preparation, annual tax returns, financial statements, payroll services where staff are employed, and meeting ATO compliance obligations. Beyond the standard, value comes from proactive advice on structure, cash flow planning, and tax timing. We tailor the engagement to what you need.

GST generally applies to commercial accommodation but not to long-term residential rental. Short-stay platforms like Airbnb sit between these and have specific GST treatment depending on how the property is used. The right treatment depends on the facts of how the property is used. We can work through the rules for your situation.

Primary production has specific tax provisions including farm management deposits, primary producer averaging, simplified trading stock rules, and water facility deductions. Effective use of these provisions depends on the type of operation and the income pattern.

Business restructures can be motivated by growth, asset protection, succession, or tax planning. The process usually involves assessing the existing structure, modelling alternatives, planning for capital gains tax implications, and working through any small business rollover relief that may apply. Each restructure is different.