Oh dear, better ways?
Tell me kitchy, HOW THE **** WOULD YOU KNOW?

Bwahahahahahahaha Getting to you, eh? Take a sip of wine and calm down, old
boy. Life's too short to have a heart attack over your keyboard. Listen
Nozzy, I might just know because it is my business to know. I might also get
information from the bloke sitting right next to me laughing his ass off at
you. At least I didn't have to fly 30 hours to get here, but a compatriot of
yours and I are cooped up in an office this weekend working and getting a kick
out of you working yourself into a lather. BTW he doesn't really think you are
Aussie - too uptight he says - thinks you're probably English.

As Taddy has stated our tax law is a minefield, even the best
accountants get caught often, decisions by the Tax Commissioner appear
to be made on the fly and then subject to "determination" when
questioned.

Big deal. The IRS has the same powers.

Big Deal....who cares. Neither Taddy nor I operate in the US but if we
did I'm sure we'd both employ an accountant with local knowledge.
Oh wait a minute, its the Yank thing..."we've got the biggest
everything, even ****ups!"

Yea, that must be it. If all else fails, resort to the tried and true
anti-Americanism. Hoo hoo Let it all out Nozzy, its good for you. Its a
great strategy, when you don't know something, pound the table - make a lot of
noise.

Bwaaahahahahahahahahaaaa! You missed it!
Lets see there's asset protection, liability protection, insurance
benefits, income protection,tax benefits, personal benefits

Asset protection? How does that work. Income protection? What's that?
Personal benefits? What the pride of ownership? Bwahahaha There are also
many drawbacks to a company. Why not consider using a trust, partnership, LP,
offshore corp., even a trade coop can be better than a company - you'll be able
to isolate yourself but get better tax treatment.

....even the
Dino is owned by a company :-)

Now that is just silly. Do you know that you can lose the limited liability
benefits of being incorporated if the shareholder is deemed to dominate and
control the company so that identities are mingled? Do you know that one of
the leading pieces of evidence that creditors use to pierce the corporate veil
is excessive use of incorporation. Better be careful.

Do you know anything about FBT?

Of course, it is one of the problems with what you are doing.

Maybe you should try it, you may get a clue!
""The tax system is so complicated that very few people know what all
their entitlements are," Mr Goddard said."
http://www.smh.com.au/articles/2003/...035013227.html

"TAX Questions Being the most complicated tax system in the world it
is well worth taking a look at this one"
http://www.stonedcrow.com/backpacker_tools/faqs.htm
A good one for you! BASIC!

And this page is for regular updates....they're needed because as
Taddy says, tax accountants need 6 month refresher course to keep up
with a ridiculously fluid system.
http://www.corrs.com.au/WebStreamer?page_id=1800

Enjoy the reading......

Thanks for the Googling, but I know more than I care to right now. C Ya