As a business structure, it has the rights to arrange its financial affairs to keep its tax to a minimum. This is often referred to as tax-effective investing or tax planning.
Your business irrespective how large or small needs to lodge a tax return each year, even if you record a loss or don’t meet the tax threshold. The rules that apply to your business structure may differ when lodging your return, so its important that you contact us for assistance.
It is important to remember that each business structure has tax obligations and we can help as your authorised tax agent and permission, can contact ATO to discuss your situation.