Resourceful: Stories From The Site

This episode is a recast from the Queensland Business Hub discussing tax issues that mining consultants should consider. A common career pathway that many mining professionals contemplate is setting up a consultancy.  This could be for a variety of different reasons but it is important to understand some of the key tax issues that may apply in this scenario. In this episode, Craig Barry and Scott Lindeblad discuss two important tax issues - setting up a structure to trade through and the different tax issues and opportunities that might apply. One of the first considerations for anyone looking to start a new consultancy is whether to set up a trust or company, or whether to trade as a sole trader. Craig and Scott discuss a number of items to evaluate when making a decision about structure, including cost, purpose and commercial reasons. They discuss different structure types and the importance of working with an experienced accountant, lawyer or business advisor throughout the process. A lot of the decision m