Business Structure Review
Includes a review of your current scenario to recommend the best structure, considering factors like liability, tax benefits, and future plans.
- Initial Assessment: Analysis of your existing business (e.g., hobby, sole trader, trust) to identify strengths, risks, and opportunities for improvement.
- Structure Options: Guidance on entities like companies, trusts, or partnerships, highlighting pros and cons such as asset protection, income splitting, and administrative requirements.
- Customised Advice: Tailored recommendations based on your industry, revenue, and personal circumstances to align with long-term objectives.
Restructuring Advice
We provide strategic advice to help you choose and plan the right structure for your business as it grows, from hobby to sole trader, or sole trader to company or trust, so you understand the tax, CGT and compliance implications before you act.
- Hobby to Sole Trader: Guidance on formalising your activity into a business, including advice on ABN and GST registration requirements and your ongoing compliance obligations.
- Sole Trader to Company or Trust: Advice on whether a company or trust suits your circumstances, the tax and CGT consequences of restructuring, and what the transition involves, so you can make an informed decision. The incorporation of a company or establishment of a trust is arranged separately through your legal adviser or a specialist formation provider.
- Asset Transfers: Advice on the tax and CGT implications of transferring assets into a new entity. The execution of any transfer is undertaken by you or your legal adviser.
- Tax Registrations & Notifications: Once your new entity is established, we can assist with its ABN, TFN and GST registrations and ongoing ATO compliance.
Tax & CGT Implications
We expertly navigate the tax consequences of restructuring, applying concessions and rollovers to minimise liabilities and preserve your financial position.
- CGT Consequences: Detailed assessment of Capital Gains Tax implications from asset disposals or transfers during the restructure.
- CGT Concessions Application: Review of eligible small business CGT concessions, such as the 15-year exemption, 50% discount or retirement exemption.
- Restructure Rollover Relief: Review and guidance on qualifying rollover provisions.
- Ongoing Tax Planning: Post-restructure advice to optimise ongoing tax strategies, including income distribution and deduction maximisation in the new structure.