Potential tax benefits of changing business structures

Your business may grow to a point where it’s worth exploring whether changing business structures provides better tax benefits.

This video compares the tax obligations of a sole trader to the tax obligations of a company structure and demonstrates what happens if you change business structures.

When thinking of changing business structure there are many more considerations than tax. Do your research and seek professional advice to ensure any changes you make will meet your business objective and that you remain financially viable.