What We Offer
Taxation
Taxation is all about compliance and planning. With us at the steering wheel, you can be hassle free from various compliance risks and your tax position will be optimised.
Individual & Sole Trader
Either you are earning salaries & wages, or running your own show as a sole trader. We can help you to claim as much as the ATO allows as tax deductions, such as:
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work-related travels
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self-eduction
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work from home expenses
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Tools for Trade
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and so many others
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When the timing comes and your business is scaled to the next phase, we will be there to guide you through business restructure for you and your business to obtain the utmost tax benefits & asset protection.
Company
Running your business in a company gives you lots of benefits. The entity itself is a separate identity and gives your business a place to retain the earnings and enjoy a flat tax rate.
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Having said that, the company is governed by the Australian Securities & Investments Commission (ASIC) and the structure comes with various fiduciary duties for one acting as the Director. For example, failling to pay superannuation and lodge the superannuation guarantee charge (SGC) on time will lead to a breach of one of the Director's duties. The Director will be personally liable for the late super payment and. Placing the company into voluntary liquidation will not remove personal liability .
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At EWO, we can help you to manage and streamline those compliance processes so that you can sleep tight at night. We also mainitain the accounting records in a way the reliable financials are always at your fingertips.
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Trust
Trust is the structure you are looking for if you are having a family business or complicated business model. Noting Trust, unlike a Company, is not a seprate legal entity and you will need to have a trustee to hold assets / operate the business on trust for the beneficiaries.
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A bunch of benefits comes from this struture such as Asset Protection & Flexibel Income Distributions.
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A lot of jargon here, we know.
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At EWO, we will tailor the solution and set up to fit your unique situation as always. We will walk you through the details and definitions so no more panic attack for you.
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