Australian Business Podcast

How to use ChatGPT + Notion in every small business, company versus Sole Trader & paying yourself dividends

Apr 30, 2023
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ADVICE

Dividends and Franking Credits

  • Gaz can pay himself dividends and franking credits after paying company tax.
  • Consult a tax professional to optimize your tax strategy based on your specific situation.
ADVICE

Company Structure vs. Sole Trader

  • Consider a company structure for turnovers exceeding $250,000 for potential tax benefits.
  • Transitioning from sole trader to a company can be complex, so plan ahead.
ADVICE

Working Overseas with an Australian Business

  • Working overseas while operating an Australian business has complex tax implications.
  • Consult with tax experts for personalized advice based on your specific circumstances.
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