What Are Trust Resolutions?(and why they’re important to avoid paying the ATO higher tax)
Did you know that the ATO enacted rules where you are now required to stipulate who is going to pay tax on the profits prior to 30 June each year? If you do not do this, you will be required to pay the highest marginal rate of tax, which at the time of recording is a whopping 47%.
Got a question about your business? Get in touch