Common Business Structures Advice for Cantor Accounting

 

Introduction

Choosing the right business structure advice is one of the most important decisions for any new or growing enterprise. The structure you select affects tax outcomes, personal liability, operational flexibility, future investment opportunities and long-term growth potential. Cantor Accounting provides clear, practical guidance to help business owners in North Sydney and across Australia choose a structure that aligns with their goals and compliance needs.

Why Business Structure Matters

Your business structure advice determines how your business is taxed, how profits are distributed, who is liable for debts, and how easily the business can expand or bring in new partners. Making a poor choice can lead to higher tax exposure, compliance issues, difficulty obtaining finance, or unnecessary personal risk.

Common Business Structures in Australia

1. Sole Trader

Best for: freelancers, tradespeople, micro-businesses.
Key features:

• Simple and inexpensive to set up.

• Owner has full control over decision-making.

• Income is taxed at individual tax rates.

• The owner is personally liable for all business debts.

Cantor Accounting guidance:
We help evaluate whether a sole trader structure remains suitable as your income grows, and advise on transitioning to a more protective structure when appropriate.

2. Partnership

Best for: two or more people carrying on business together.
Key features:

• Shared control, responsibilities and profits.

• Each partner pays tax individually on their share of income.

• Partners are personally liable for partnership debts.

Cantor Accounting guidance:
We help create partnership agreements, structure profit-sharing, prepare tax obligations and assess whether a company or trust structure may later offer better asset protection.

3. Company

Best for: growth-focused businesses, higher-risk industries, or ventures seeking investors.
Key features:

• Separate legal entity.

• Limited liability for directors and shareholders.

• Company tax rate generally lower than top personal tax rates.

• More administrative and reporting requirements.

Cantor Accounting guidance:
We advise on ASIC compliance, director obligations, shareholder agreements, PAYG/WHS considerations, and optimal tax planning under a company structure.

4. Trust (Discretionary or Unit Trust)

Best for: family businesses, investment-focused ventures, asset-heavy businesses.
Key features:

• Assets held by a trustee for beneficiaries.

• Offers strong asset-protection potential.

• Income can be distributed in tax-effective ways.

• Requires a carefully drafted trust deed and ongoing compliance.

Cantor Accounting guidance:
We design trust structures that suit income distribution needs, asset-protection goals and future succession planning.

5. Combination Structures

Many growing businesses use a mix of entities — for example, a company acting as trustee for a discretionary trust (corporate trustee).
This can offer:

• Limited liability through a company.

• Flexible income distribution through a trust.

• Strong asset-protection advantages.

Cantor Accounting guidance:
We help clients understand when layered structures make sense and manage the compliance obligations that come with them.

Key Factors When Selecting a Structure

Cantor Accounting evaluates the following when advising on structure selection:

• Tax minimisation and cash-flow efficiency.

• Personal liability and risk exposure.

• Capital-raising and investor requirements.

• Business succession and long-term planning.

• Expected income levels and industry considerations.

• Asset protection for business and personal wealth.

When to Review Your Structure

A business structure should be reviewed when:

• Revenue significantly increases.

• New partners or investors join.

• You plan to hire staff.

• You acquire major assets or intellectual property.

• You expand operations or open new business units.

• Personal or family circumstances change.

Cantor Accounting conducts periodic structure reviews to ensure your entity continues to support growth and protect assets.

How Cantor Accounting Supports You

• Initial structure assessment and comparison.

• Setup of companies, trusts and partnerships.

• Drafting of essential documents (trust deeds, shareholder agreements, resolutions).

• Ongoing compliance, BAS, payroll and annual tax filings.

• Strategic tax planning for short- and long-term goals.

• Restructuring guidance during expansion, mergers or succession planning.

Conclusion

Choosing the right business structure advice is fundamental to building a compliant, tax-efficient and resilient business. Cantor Accounting helps business owners understand their options, evaluate risks and create structures that support sustainable growth. Whether you're a start-up, family business or expanding enterprise, the right foundation can save significant time, tax and stress in the long run.

Experienced Team of Tax Agents for Ryde – Your Local Tax Experts

When it comes to managing your taxes, experience matters. At Cantor Accounting, our experienced team of tax agents in Ryde is dedicated to helping individuals and businesses make the most of their financial opportunities while staying fully compliant with Australian tax laws.

Why Choose Cantor Accounting in Ryde?

Handling taxes can be complex and time-consuming — especially with ever-changing ATO regulations and deductions that vary across industries. That’s where our experienced tax professionals come in. With years of expertise, we provide tailored tax solutions that save you time, money, and stress.

Here’s what sets us apart:

• ✅ Registered and Licensed Tax Agents
  Our team is fully registered with the Tax Practitioners Board (TPB), ensuring your returns are prepared accurately and in line with current tax laws.

• ✅ Decades of Combined Experience
  We’ve helped countless individuals, sole traders, and companies in Ryde and surrounding suburbs optimise their tax outcomes.

• ✅ Personalised Service
  We understand that no two clients are the same. Our accountants take the time to understand your unique financial situation to deliver the best possible tax strategy.

• ✅ Affordable and Transparent Fees
  With no hidden costs and clear communication, you’ll always know what to expect.

Comprehensive Tax Services in Ryde

At Cantor Accounting, our tax agents offer a full suite of services to meet every need:

• Individual Tax Returns – Fast and accurate preparation to ensure you claim all eligible deductions.

• Business Tax Returns – Tailored tax planning and compliance for companies, partnerships, and sole traders.

• BAS and GST Lodgements – Stay compliant and avoid penalties with professional BAS preparation.

• Tax Planning & Advice – Proactive strategies to minimise your tax liability.

• Bookkeeping & Accounting – Keep your finances organised and ready for every financial year-end.

• SMSF Accounting & Tax – Expert advice and compliance for self-managed super funds.

Your Local Tax Agents You Can Trust

As a trusted accounting firm based in Ryde, we’re proud to serve our local community with integrity, professionalism, and a client-first approach. Whether you’re a small business owner, contractor, or an employee, we make tax time simple and stress-free.

Our goal is to ensure you:

• Meet every ATO deadline

• Maximise every eligible deduction

• Avoid unnecessary penalties

• Build a strong foundation for financial growth

Why Experience Makes the Difference

Tax legislation can change every year — and keeping up can be difficult. Our experienced Ryde tax agents stay up-to-date with the latest tax rules, ensuring your returns are compliant while optimising your refund or tax position.

We don’t just lodge your return; we help you understand it. By offering proactive advice throughout the year, we help you make smarter financial decisions that pay off come tax season.

Get Expert Tax Help Today

Don’t leave your tax matters to chance. Partner with the experienced team at Cantor Accounting in Ryde and enjoy peace of mind knowing your finances are in good hands.

📍 Visit us in Ryde (02) 9411 1134 or contact us info@cantoraccounting.com.au today to book a consultation with one of our expert tax agents.

The Company Formation services of Business Structure Advice North Sydney

Under a company Business Structure Advice , an asset can be held under its own name, as opposed to an individual’s name. As a separate legal entity, a company can sue and be sued. One of the many advantages of this structure is the limited liability for shareholders or owners. A company is also easy to sell and pass on ownership (within the family or to external parties).

Our Company Formation services include:

• Offering advice on how to decide on the most suitable business structure
• Obtaining ABN, GST Registration, PAYG and Tax File Number
• Registering your company’s name with ASIC
• Assisting companies to check and change company details: officeholder details, share details, addresses and company name

For more information on the different types of business structures, book a no obligation free consultation with our experts by calling 02 9411 1134.

Smartest Superannuation Advice: Building a Stronger Financial Future with Cantor Accounting

 

Planning for retirement isn’t just about saving — it’s about strategically managing your superannuation to make sure your money works for you. Smartest Superannuation Advice is one of the most tax-effective ways to build wealth for the future, but navigating the rules, contributions, and investment choices can be complex.

At Cantor Accounting, we help clients across Ryde, North Sydney, and surrounding areas make Smartest Superannuation Advice decisions that align with their financial goals, tax position, and retirement lifestyle.

Why Superannuation Advice Matters

Superannuation is more than a mandatory savings scheme — it’s a powerful tool for wealth creation. The way your super is managed today can significantly impact your income in retirement.

Smart super advice helps you:

• Maximise tax-effective contributions
• Choose appropriate investment strategies
• Ensure compliance with changing super laws
• Optimise your retirement income stream

Whether you’re an employee, business owner, or self-employed professional, getting the right guidance early can help you retire comfortably and confidently.

Key Superannuation Strategies to Consider

1. Review Your Fund Regularly

Not all super funds perform equally. Reviewing fees, investment returns, and insurance options can make a big difference over time.
Cantor Accounting helps you analyse fund performance and choose a super option that matches your long-term goals and risk profile.

2. Take Advantage of Contribution Opportunities

• Concessional Contributions (before-tax): Salary sacrifice or employer contributions taxed at only 15%.
• Non-Concessional Contributions (after-tax): Boost your retirement balance using savings outside super.
  Our team ensures you stay within contribution caps and avoid unnecessary penalties.

3. Consider a Self-Managed Super Fund (SMSF)

For investors who want more control, an SMSF allows you to manage your own investments — including property, shares, and more.

We assist with:

• SMSF setup and registration
• Annual compliance and audit support
• Investment strategy development
• Ongoing tax and reporting obligations

An SMSF can offer flexibility, but it also comes with responsibilities. Our advisors ensure your fund remains compliant and effective.

4. Transition to Retirement (TTR) Strategies

If you’re nearing retirement, you may be able to access part of your super while continuing to work. This can reduce your taxable income and boost savings at the same time.

We help structure your TTR plan to maximise both cash flow and tax efficiency.

5. Tax-Effective Super Planning

Super contributions and earnings are taxed at concessional rates, making super one of the best long-term investment vehicles.
Cantor Accounting ensures your strategy takes full advantage of available tax offsets, caps, and deductions to grow your retirement nest egg faster.

When Should You Seek Professional Super Advice?

It’s never too early to get expert guidance. You should speak to a qualified accountant or superannuation advisor when:

• You change jobs or start a business
• Your income or contributions increase
• You’re considering setting up an SMSF
• You’re within 10 years of retirement
• You want to review your investment performance

Professional advice ensures that your strategy adapts as your life and legislation change.

How Cantor Accounting Helps

Our Smartest Superannuation Advice services include:
✅ Fund performance review and comparison
✅ Contribution and withdrawal planning
✅ SMSF establishment and ongoing compliance
✅ Tax and regulatory advice
✅ Retirement income forecasting

We simplify superannuation — helping you make confident, informed decisions that build long-term financial security.

Secure Your Retirement the Smart Way

Your superannuation is the cornerstone of your retirement future. With expert guidance from Cantor Accounting, you can take control of your super, maximise your returns, and retire with peace of mind.

📞 Contact Cantor Accounting today for Smartest Superannuation Advice and personalised financial strategies that work for you.