While some sectors of the economy is suffering, others are booming, if you’re lucky enough to have a small business in a rapidly growing sector, you may be considering a change from a relatively simple sole trader business structure to a more formal structure such as a company or a trust. Changes such as this are complex with each structure having its own distinct advantages and disadvantages. Before you consider a change, experts should be consulted to avoid costly mistakes which may stymie the success of your business.
![GST](https://www.theaccountingdivision.com.au/wp-content/uploads/2018/10/file-11-300x189.jpg)
Improvements to GST risk assessment
Are you a business that has had a GST refund held up as a part of the ATO’s risk assessment program to verify GST refunds?