Australian Tax for IM/Domains business

[cashflow]

Hi

I am currently based in the UK where I have limited companies set up and pay myself and partner in dividends. We can take out a joint £80k with little tax and no national insurance but obviously the companies have to pay corporation tax on profits.

Does Australia operate a similar system? Are there any Australian domainers who can recommend a tax accountant (sydney/qld) who understands our industry or let me know of any pitfalls in doing this.

I am thinking of applying to move to australia under a business owner transfer visa and would need to transfer my business and assets.


Thanks!

 

[Stian]

I'm not Australian and I can't give you any advice on Australian tax, but I had to teach my accountant everything about domains from the start. Now he knows "everything" (and he's even sharp when it comes to valuating domain names ). Anyways, my point is that even if you shouldn't find an accountant who's familiar with domaining, it might be worth it to just find a "good" accountant and tutor him. If he's dedicated then he'll learn very fast about domaining.