🏢 Considering structuring your business as a company? Here’s what you should know:
1️⃣ Separate Legal Entity: A company is treated as a separate legal entity, offering owners limited personal liability.
2️⃣ Flexibility in Director Payments: Directors can be paid through salaries, dividends, or fees, providing financial flexibility.
3️⃣ Annual Tax Return: Companies are required to complete and file their own annual tax returns.
4️⃣ Single Director and Shareholder: A company can operate with just one shareholder and director, simplifying governance.
Choosing the right structure for your business is crucial for managing risk and maximising financial benefits. 📈💼
Contact PAX Accounting today: Admin@paxaccounting.com.au
About The Author
This article was written by PAX Accounting.
PAX Accounting is your premier local accounting firm in Perth, renowned for delivering exceptional accounting firm services that extend beyond standard accounting practices. Our expert team provides top-notch accounting advisory and tax agent services, catering specifically to small businesses. As a trusted small accounting firm in Perth, we offer tailored accounting consulting services designed to meet your unique needs.
If you’re searching for a knowledgeable business accountant or a local accountant near you, PAX Accounting is the ideal choice. We are committed to understanding your business thoroughly and providing solutions that drive your success. With flexible meeting options at your office or home and after-hours services, we are dedicated to being your go-to accounting firm, ensuring you receive the highest level of personalised support.