Business Structure
19 articles from the BTMH team.
Director penalties: when a company's tax debt becomes yours
A company's debts are the company's – with three exceptions. Unpaid PAYG withholding, GST and super can be recovered from directors personally through a director penalty notice. What the notice is, how it arrives, and why the date on it matters more than the date you read it.
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Is your business ready? The ATO is watching closer in 2026
Is your business ready? The ATO is watching closer in 2026 The ATO can now see your bank transactions, contractor payments, even income from Uber or Airbnb – all cross-checked…
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Starting out as a contractor: what you actually need
If you are picking up contracting work on site, you do not need a company, a trust or a business plan. You need an ABN, a bank account and a handful of things nobody tells you about – super, insurance and the reason the ATO already knows what you were paid.
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The company structure: is it right for you?
A company is a separate legal person that owns the business, signs the contracts and owes the debts. That line between the company and you is the whole reason most businesses end up in one – so it is worth knowing exactly where the line holds, and the three situations where it does not.
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The trust structure: discretionary and unit trusts explained
A trust is not a thing that trades so much as a way of holding something. Understanding who the trustee is, what the deed says and why the income has to go out every year is most of what you need before deciding whether one belongs in your structure.
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Unit trust or company? What actually decides it
Both give every owner a defined, transferable stake, so both work between unrelated parties. The choice turns on two things that pull in opposite directions: whether profit can stay in the entity, and whether the character of income survives the trip out to the owners.
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Director ID reporting changes are coming from 1 July 2027
From 1 July 2027, companies will need to provide director IDs to ASIC as part of some company updates. This may include: annual company reviews; appointing a new director; removing…
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FEDERAL BUDGET 2026-27: What it means for your business
The Federal Budget has landed – and there’s quite a bit in it that affects how you run and structure your business. Here’s what you need to know, and what…
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Fuel Response Payment Plan – our approach to assessing if you qualify
Fuel Response Payment Plan – our approach to assessing if you qualify Fuel Response Payment Plan is not a grant – it’s a fuel-related ATO payment arrangement for the taxes…
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PayDay Super – practical checklist for businesses
From 1 July 2026, super must be paid on each payday instead of quarterly. You can work through this internally, or we can help you review your setup. What this…
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Small business CGT concessions: what you should know
If you’re a small business owner in Australia planning to sell or restructure your business, capital gains tax (CGT) may apply. However, the Australian tax system offers small business CGT…
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Federal Budget 2025–26: What It Means for You and Your Business
Federal Budget 2025–26: What It Means for You and Your Business The Federal Budget for 2025–26, delivered on 25 March 2025, focuses on providing immediate support to households and businesses,…
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10 essential points to consider in setting up a business in Australia
Starting your own business in Australia is an exciting yet challenging journey. The key to success lies in careful planning and understanding the essential steps needed at the outset. In this article,
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Increasing Compliance Activity – ATO Small Business Benchmark
There are many ways to improve your business’ performance. While a trip to the accountant is a great way to get professional help in the optimizing of business procedures, home…
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Cash Flow Management – The Key to Financial Success of Your Business!
Let’s start with the purpose: Proper cash flow management is crucial to maintain liquidity and growth All business decisions must be made in consideration of cash flow impact Cash is…
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Navigating Succession Planning and Exit Strategies
Succession planning and exit strategies are vital for your business’s growth. A good plan guarantees a new owner’s success and lets you leave on your own terms, be it due…
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Director ID
Director ID is your unique identifier to link you to all the directorships you hold in Australia. It is a new initiative of the government to eliminate fraudulent directorships, and…
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Is a partnership the right business structure for you?
If you’re thinking about going into business with a friend or family member, you’ll want to understand the partnership structure before you get too immersed in the other exciting aspects…
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The sole trader structure: Is it right for you?
If you’re thinking of starting up the million-dollar business idea you’ve always dreamed of, you may want to prioritise structural business decisions before you get too carried away buying merch,…
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