Income tax will always be here.  There are choices of how much tax you pay when you run a business. Your effective tax rate will be determined by the following factors.

1. Business straucture – sole trader, partnership, trust (unit, discretionary or hybrid), company (private or public)

2. Timing of transactions

3.  Choice of Accounting method, (cash or accruals accounting)

4.  Type of transactions (Capital or revenue)

As you can see you have some interesting choices to make. Call us now on 9832 0900 to book a free, no obligation consultation to discuss your business situation over a hot cuppa.