Using your business money and assets | Essentials to strengthen your small business

Course overview

There are several options on how to pay yourself if your business is a company or trust. It’s important to understand the options and their different rules and record requirements so you can be sure you’re paying yourself correctly.

The basics of companies and trusts

2 mins

Understanding the basics	0%
Activity	0%

Companies – using business money or assets for personal use

25 mins

Record and report personal use of business money or assets	0%
Salary, wages and directors fees	0%
Activity	0%
Record and report distributions of your business profits	0%
Case study: record and report loans from your company	0%
Personal use of business assets	0%
Personal use of business assets as an employee	0%
Activity	0%
Personal use of business assets as a non-employee	0%
Transfers of company assets	0%
Activity	0%
Division 7A rules	0%

Trusts – using business money or assets for personal use

10 mins

Record and report personal use of business money or assets	0%
Salary and wages	0%
Record and report distributions of your business profits	0%
Activity	0%
Record and report loans from the trustee	0%
Activity	0%
Personal use of business assets as an employee	0%
Activity	0%
Personal use of business assets as a non-employee	0%
Transfers of assets held in trust	0%
Division 7A rules	0%

Avoiding common errors

4 mins

Trust distributions	0%
Corporate beneficiaries	0%
Activity	0%

Amending errors

3 mins

How to amend errors	0%

Related courses

1 mins

Related courses	0%

Course Feedback

Course Feedback	0%