Average weekly pay: $1,700 Employment size: 17,100 Future growth: Very Strong Skill level Associate Degree or Diploma …
A self-managed super fund (SMSF) is an Australian trust structure that is used by members to personally manage their retirement savings. SMSFs are established for the sole purpose of providing financial benefits to its beneficiaries in retirement, with the benefits passing to the deceased’s beneficiaries on death. The first SMSFs were established in 1915 to…
A holding company is a parent corporation that owns enough voting shares in another company to control its policies and management. The benefits of forming a holding company include: The holding company itself is protected from losses if a subsidiary company fails and goes into liquidation. The creditors of the subsidiary company…
Objectives: James is employed as a contract engineer at two different engineering companies. He would like to build wealth and save tax at the same time. Facts: James contracts through his company and has income totalling $300,000 pa. Sarah, his wife, looks after their two young children and has nil income. Accountant’s Advice: Tax Strategy…
Average weekly pay: $2,142 Employment size: 8,800 Future growth: Very Strong Skill level Bachelor Degree or Higher …
The General Corporation Law (Title 8, Chapter 1 of the Delaware Code) is the statute governing corporate law in the U.S. state of Delaware. It has been the most important jurisdiction in United States corporate law since 10th March 1899 when it enacted corporate-friendly laws to attract businesses from…
Costa Rica, literally meaning ‘Rich Coast’ in Spanish, is a country in Central America (bordered by Nicaragua, Panama, the Pacific Ocean, and Ecuador). The name La Costa Rica was first applied by Christopher Columbus in 1502 when he sailed to the eastern shores of Costa Rica during his final voyage and…
Trust cloning involves setting up a trust (the ‘cloned trust’) with the same terms and beneficiaries of another trust (the ‘original trust’). Assets may then be transferred from the original trust to the cloned trust. The advantages of trust cloning are: Asset protection – allows a trust carrying on a business to separate the business…
Average weekly pay: $2,037 Employment size: 80,000 Future growth: Moderate Skill level Certificate III Fly-in fly-out (FIFO) workers are…
In 1797 Great Britain introduced a farm horse tax on horses and mules that were used in husbandry or trade. The tax was levied at the rate of 2s per horse or mule. The tax collectors visited the farms to audit the farmers and ensure they were paying the…
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2