Small business supplying the mining industry will be hit hardest by the Henry Tax Review with the Rudd Government’s ‘Super Profit Tax’, particularly sub-contractors to mines operating as sole traders.
While the financial benefits of being a sole trader are more enticing than those of being a private company, the business risks can be scary. Gavin Dixon explains why setting up as a private company is a business owner’s best protection from liability. The biggest decision many young, aspiring entrepreneurs faced when setting up the […]
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