KHT Accounting & Wealth

Under the May Budget, your bucket company got taxed twice with no credit for it.
The new draft fixes that, but only if you do one specific thing before 1 July 2028.

Watch the full video here 👉 https://youtu.be/CnLUl_K-7Hw

Governments don't usually reverse a tax measure a few months after they announce it. This one did, and the trust that got the exemption is now sitting there doing something no other trust in the country can do.

I've spent 10 years telling clients to stay away from trusts, so it says something that I've made a video about one

Watch the full video here 👉 https://youtu.be/XmHzzayh9A4

Three months ago I told you the bucket company was dead.
Last week's draft law says something different.
But get one election wrong and the ATO taxes your trust at 47%.

Watch the full video here 👉 https://youtu.be/CnLUl_K-7Hw

Working out the buffer is the easy part. I keep one to two months of expenses in cash and an overdraft facility I've had for six years and never touched.

The harder question is where everything above that goes, because leaving it in the trading company puts it back in reach of anything that goes wrong in the business.

Watch my latest video here 👉 https://youtu.be/XTqS4d544Po

I spent the first decade of my business tipping every spare dollar back into it, which felt like the responsible thing to do at the time.

The problem with that only shows up if the business has a bad year, or it doesn't sell for what you were hoping.

Watch the full video here 👉 https://youtu.be/XTqS4d544Po

Almost nobody sets out to do sham contracting. It usually starts with a labourer on an ABN because that's how the last bloke did it, and the worker often prefers it because there's no tax coming out of their pay.

The catch is that both sides being happy about it doesn't make it legal, and the risk sits entirely on you.

Watch my latest here 👉 https://youtu.be/PMu2qz-L31g

Most business owners assume an ABN and a contractor agreement means they're covered.

The ATO can now look straight past the paperwork and decide the person invoicing you is actually your employee, and the bill for getting it wrong runs into the hundreds of thousands.

Watch the full video here 👉 https://youtu.be/PMu2qz-L31g

Pulling money out of your company to pay down your mortgage can cost you way more than it’s worth just to pay off your mortgage quicker.

I've put the full breakdown in the video:

Watch it here 👉 https://youtu.be/QKntFtndm6k

The advice to pay off your mortgage in five years was written for someone earning a salary.

Once you've got profits sitting in a company, the maths changes, and paying it off early can be one of the most expensive things you do.

Watch the full video here 👉 https://youtu.be/QKntFtndm6k

Most people think transfer duty is a tax on property, so if there's no real estate in the trust they assume they're safe. In WA that's not how it works.

Here's what actually gets caught when you restructure over here.

Watch it here 👉 https://youtu.be/9KNLUrtLb3o