David Douglas Accountants
Superannuation in Brisbane

At david douglas accountants we specialize in tax strategies. Take the compliance weight off your shoulders at david douglas accountants. For businesses we will evaluate the best structure for you to lessen the burden with the use of trusts, companies and superannuation funds. Our techniques include ato allowable record keeping for data summarisation and substatiation for lodgement of bass and income tax returns. We will show you how to claim all the tax deductions that you are entitled to and maximise family assistance benefits. Tax is our business.

We do tax returns for individuals, trusts, companies, partnerships, contractors, ABCs and sole traders. For some small business applications Financial Institutions require a letter from your accountant confirming or verifying financial statements, tax returns and your aptitude to pay off your loan in the future. The trustee(s) may distribute income and capital gains to any beneficiaries as per the believe deed. The unit holders are the owners of the assets. The trustee(s) may distribute income or capital gains to the unit holders as per the trust deed. Partnerships, companies trusts are a lot more expensive as they require a set of financial. Companies trusts are required to lodge a tax return if they have an AB or their income is. Individuals are personally responsible for the debts of the business. If these debts are not paid the creditors can sue the individuals for their personal prosperity e.g. Trusts Similar issues apply as per above depending on whether the trustee is an individual or a company. Sole trader This is the minimum pliable structure as all profits must be declared in the owners' income tax return. Partners and others must pay themselves a market rate for any work performed prior profits are distributed. Companies Behind paying everybody a market rate for labor performed, a company must pay company tax 30 on its profits, which is accumulated in the company franking credits account. These profits are distributed as dividends and franking credits to shareholders at sometime in the future. Trusts Unit Trusts Behind paying everybody a market rate for work performed. This means that the trustees have the discretion to distribute to family members after everyone has paid themselves a market rate for their work. Believe often distribute profits as follows: Some government departments and businesses will only deal with companies or trusts. You and your partner must have passed the Child Care Profit test and be working, looking for work, doing optional work, training or studying at minimum 15 hours per week or 30 hours per fortnight. These are usually due to information not being supplied or dropping off the system. Is the child being cared for, educated or trained in the manor expected by their parents? If the taxpayer relies on the exception from substantiation, they may quiet be required to show, the basis for determining the amount of their claim, that the expense was actually incurred, and that it was for labor related purposes. I f Michelle had spent more than the believable amount on meals and incidentals and wanted to claim the higher amount that she spent, she would need to get and keep all the receipts. If you dispose of the property within two years of the lifeless person's date of end then there is no capital gains.