Do you own a business? Are you constantly searching for ways to impoverish our friends at the ATO?
If you answered yes, consider a service trust. Do they sound novel, strange and scary? Perhaps. Other than accountants, financial advisors and tax lawyers, few people understand how flexible and valuable service trusts are. But we know our LawCentral readers are a smart bunch, so we'll spill the beans.
Brett, how can a service trust get these kind of deductions if it only has one client. Is it really carrying on a business?
pacoaus 2 years ago