A family trust is a vehicle used to protect assets, manage wealth, and ensure financial security for loved ones. Here’s a streamlined guide to setting up a family trust. What is a Family Trust? A family trust is a legal entity where a trustee (e.g. parents) holds and manages assets on behalf of specified beneficiaries […]
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When it comes to managing your investments and business ventures in Australia, understanding and minimizing Capital Gains Tax (CGT) can significantly impact your financial gains. CGT is levied on the profit you make from selling an asset, such as property, shares, or business assets. However, with the right strategies and guidance from a knowledgeable business
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High-income earners in Australia are one of the highest taxed in the Western World. Those earning over $180,000 are subject to a 45% marginal tax rate, plus the Medicare Levy. Fortunately, several strategies can help high-income earners legally reduce their tax liability. Melbourne business accountants such as Nobel Thomas can help. Here are some important
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