atw: Re: Companies that handle contractor admin work, insurances etc.
- From: Stewart Walker <helpfulau@xxxxxxxxx>
- To: austechwriter@xxxxxxxxxxxxx
- Date: Thu, 29 Apr 2004 16:44:02 -0700 (PDT)
--- McShane Sonja <Sonja.McShane@xxxxxxxxx> wrote:
> Sorry, but I'm not sure of the official title for
> companies like Freelance.=
> What are they called?
Funnily enough, they're usually called contractor
management companies.
One caveat: before hooking up with a contractor
management company, it might pay to get some
independent legal and/or accounting advice about the
legitimacy of their contractor management model. There
is a particular partnership-based model that has been
highlighted by the ATO for investigation as
"aggressive tax planning". For more info, see
http://law.ato.gov.au/atolaw/view.htm?docid=tpa/ta20024/nat/ato/00001
The worrying thing is that there's no real way of
knowing whether other contractor management models
might attract similar scrutiny in the future. In other
words, perceived short-term tax benefits could expose
you to increased attention from the ATO and a possible
future tax penalty nightmare...
A nice happy note to end on :-)
Cheers
Stewart (who has his own company but sometimes wonders
if the grass is greener with contractor management companies)
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