corporate beneficiaries

Understanding Division 7A Loan Agreements: Key Deadlines and Requirements

Understanding Division 7A Loan Agreements: Key Deadlines and Requirements

By Theresa Allery|2024-08-26T19:35:19+10:00August 26th, 2024|Accountant Life, Business, Companies, corporate beneficiaries, division 7a, Private Company, Proper Taxation, Tax|

When dealing with Division 7A loan agreements, it's crucial to adhere to specific timelines to ensure compliance with tax regulations. One of the most important deadlines to remember is that the loan agreement must be in writing before the company's tax return lodgement date for the financial year in which the loan was made.

Maximizing Trust Profits: The Strategic Use of Corporate Beneficiaries in Australia

Maximizing Trust Profits: The Strategic Use of Corporate Beneficiaries in Australia

By Theresa Allery|2024-08-12T03:00:39+10:00August 12th, 2024|Accountant Life, Business, Companies, corporate beneficiaries, division 7a, Private Company, Proper Taxation, Tax|

Trusts are a popular vehicle for both investment and business purposes. One effective strategy that trustees often employ is the use of corporate beneficiaries to distribute trust profits. This approach can offer several tax planning advantages. Here’s a detailed look at how this strategy works and its implications. Understanding Corporate Beneficiaries A corporate beneficiary is