Startups & Registrations
The establishment process is an exciting phase in the life of any business or trust, but it pays to do things properly from the start. That’s why at Networth Accounting we offer seamless advice to ensure you are shown the best way forward when starting up a business or trust.
Startups & Registrations
The establishment process is an exciting phase in the life of any business or trust, but it pays to do things properly from the start. That’s why at Networth Accounting we offer seamless advice to ensure you are shown the best way forward when starting up a business or trust.
Start off on the right foot
Do you want to plan for the future of your business, trust or SMSF? Are you looking to produce outcomes and have the right business structure from the start?
At Networth Accounting, we understand the needs of our clients and offer a bespoke service and specialist advice that will put your mind at ease.
We provide the advice and solutions required to establish a company, SMSF or Trust. The process is quick and seamless, and we can have the registration documents to you within 1 day. The documents are written in plain language — so you should find them refreshingly clear.
Start off on the right foot
Do you want to plan for the future of your business, trust or SMSF? Are you looking to produce outcomes and have the right business structure from the start?
At Networth Accounting, we understand the needs of our clients and offer a bespoke service and specialist advice that will put your mind at ease.
We provide the advice and solutions required to establish a company, SMSF or Trust. The process is quick and seamless, and we can have the registration documents to you within 1 day. The documents are written in plain language — so you should find them refreshingly clear.
Companies
A company is a legal entity with higher set-up and administration costs. Companies also have additional reporting requirements. A company is run by its directors and owned by its shareholders.
While a company provides some asset protection, its directors can be legally liable for their actions and, in some cases, the debts of the company. Companies are regulated by the Australian Securities & Investments Commission (ASIC).
At Networth, we will diagnose and provide advice on whether it is right for you to start up a company.
Companies
A company is a legal entity with higher set-up and administration costs. Companies also have additional reporting requirements. A company is run by its directors and owned by its shareholders.
While a company provides some asset protection, its directors can be legally liable for their actions and, in some cases, the debts of the company. Companies are regulated by the Australian Securities & Investments Commission (ASIC).
At Networth, we will diagnose and provide advice on whether it is right for you to start up a company.
Trusts
A trust is an obligation imposed on a person or other entity to hold property for the benefit of beneficiaries. While in legal terms a trust is a relationship not a legal entity, trusts are treated as taxpayer entities for the purposes of tax administration.
The trustee is responsible for managing the trust’s tax affairs, including registering the trust in the tax system, lodging trust tax returns and paying tax liabilities.
Beneficiaries (except some minors and non-residents) include their share of the trust’s net income as income in their own tax returns. There are special rules for some types of trust including family trusts, deceased estates and super funds.
Before you start a trust, it is crucial you engage Networth. We will provide a comprehensive review of your situation, allowing us to make the best informed decision on whether it is right for you to start a trust.
Trusts
A trust is an obligation imposed on a person or other entity to hold property for the benefit of beneficiaries. While in legal terms a trust is a relationship not a legal entity, trusts are treated as taxpayer entities for the purposes of tax administration.
The trustee is responsible for managing the trust’s tax affairs, including registering the trust in the tax system, lodging trust tax returns and paying tax liabilities.
Beneficiaries (except some minors and non-residents) include their share of the trust’s net income as income in their own tax returns. There are special rules for some types of trust including family trusts, deceased estates and super funds.
Before you start a trust, it is crucial you engage Networth. We will provide a comprehensive review of your situation, allowing us to make the best informed decision on whether it is right for you to start a trust.
SMSFs
A self-managed super fund (SMSF) is a trust structure that can be used to manage retirement savings on behalf of its members. SMSFs are established for the sole purpose of providing financial benefits to its members in retirement, the benefits can also be passed to beneficiaries upon death.
SMSFs aren’t for everyone. At Networth, we take the time to understand your situation in order to correctly provide advice for you to move forward with a SMSF.
SMSFs
A self-managed super fund (SMSF) is a trust structure that can be used to manage retirement savings on behalf of its members. SMSFs are established for the sole purpose of providing financial benefits to its members in retirement, the benefits can also be passed to beneficiaries upon death.
SMSFs aren’t for everyone. At Networth, we take the time to understand your situation in order to correctly provide advice for you to move forward with a SMSF.