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Family trusts are a popular tool for wealth management and tax planning in Australia, providing a range of benefits for families looking to protect their assets and minimize their tax burden. However, setting up and managing a family trust can also come with potential pitfalls that must be navigated carefully. Here’s a detailed look at the advantages of family trusts and the common issues to avoid.

Payroll tax is a state-imposed tax on wages that employers must pay if their payroll exceeds certain thresholds. This guide explains who is liable, how the tax is calculated, and highlights the different thresholds and rates across Australian states and territories, helping businesses stay compliant and avoid penalties.

Practical advice for property owners on maximizing deductions and staying compliant with ATO guidelines.