Case Study 3
how we helped and continue to advise
We advised these clients as to the most appropriate structure to move forward and cater for the future.
Two dentists operating in partnership and with a service company attached, owned by discretionary trusts to provide management, premises, staff etc sought our advice on restructuring with a view to incorporation of their practice. The registration authority had relaxed its requirements regarding incorporation; in fact, seminars were being conducted advocating incorporation of professional practices for dentists, lawyers, accountants and other professionals.
We were able to advise our clients as regards the treatment of personal services income generated by professional practices, whether or not the income is derived from professional services provided by the principals in the main, or whether the income is derived from a business structure through the employment of non principal practitioners.
We advised these clients as to the most appropriate structure to move forward and cater for the future introduction of other principals, capital gains tax implications and small business capital gains tax concessions.
We also advised our clients as regards remuneration for professionals, both principal and non principal, based on experience together with a progressive equity acquisition.
Whether a new professional practice or business, or an existing continuing enterprise, we at BSN & Co believe it is important that an appropriate structure be utilised. As circumstances change and businesses develop and expand, a structure relevant for the times should be in place; it may be desirable for your existing structure to be converted and BSN & Co is ready to advise in this regard.
more case studies
Case Study 1
Our client has never looked back and was very happy for BSN and Co to facilitate the lending. It really is “all about you”, the client.
Case Study 2
BSN & Co are pleased to have assisted our client to bring his affairs into order, particularly now that all reporting is prompt.
Case Study 3
We advised these clients as to the most appropriate structure to move forward and cater for future tax implications and concessions.
Case Study 4
The ATO accepted our representations on behalf of our client, felt relief was appropriate and waived the general interest charges.