AYB339 Accountancy Capstone<br />Business Structures<br />Presentation on behalf ofAll Right Accounting Services<br />Spok...
Key Factors Considered for Selection<br />
Discretionary Trust with Corporate Trustee<br />Risk and Liabilities<br />– Limited Liability<br />Costs of Structure<br /...
Discretionary Trust with Corporate Trustee<br />Taxation Benefits<br />	– Ability to steam income.<br />		– Access to 50% ...
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  • Risks and liabilities: Sole Trader: High because unlimited liability. P’ship: High because unlimited liability. Trust: Low because of limited liability through corporate trustee. Pty Company: Low because of limited liability. Public Company: Low because of limited liability. Costs of the Business Structure: Sole Trader: Non reporting entity, no audit costs, low business registration fee. P’ship: Non-reporting entity not subject to audit and the costs to draft up the p’ship agreement can be low. Trust: Will need to incorporate company, form trust deed, however non reporting entity and no audit required. Pty Company: Will need to incorporate company, small pty company so non reporting and not subject to audit. Public Company: Directors fees required to establish, company must be audited as it is a reporting entity, incorporation costs.Taxation Benefits:Sole Trader: No ability to stream income, taxed at owners marginal tax rate however has access to 50% CGT discount. P’ship: Limited ability to stream income, taxed at partners marginal tax rate however has access to 50% CGT discount. Trusts: See speech. Pty Company: No access to CGT 50% discount, taxed at concessional rate of 30% on profit, easy to split income, various other deductions such as super paid to directors allowable. Public Company: No access to CGT 50% discount, taxed at concessional rate of 30% on profit, easy to split income, various other deductions such as super paid to directors allowable. Final Criteria: ????
  • Pbl 2 (topic 1)

    1. 1. AYB339 Accountancy Capstone<br />Business Structures<br />Presentation on behalf ofAll Right Accounting Services<br />Spoken by: Josh Rayner<br />
    2. 2. Key Factors Considered for Selection<br />
    3. 3. Discretionary Trust with Corporate Trustee<br />Risk and Liabilities<br />– Limited Liability<br />Costs of Structure<br />– Incorporate shelf company<br />– Formation of trust deed. ; However<br />– It is a non-reporting entity<br />– No requirement for audit.<br />
    4. 4. Discretionary Trust with Corporate Trustee<br />Taxation Benefits<br /> – Ability to steam income.<br /> – Access to 50% CGT discount – Entitled to small business concessions<br />Final Criteria?<br /> –<br />

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