Originally Posted by
Aussie Bob
Pardon me? Your reading a lot into a little that you know nothing about
I am the director of a Pty Ltd company I own and my tax is done by a chartered accountant.
If you are "contracting" as a Pilot, you are in a grey area and possibly very dark grey (Pty Ltd is just an extra layer of obscure for people supplying labour only), if you bring more to the table in way of assets (buildings ,AOC or aircraft) you are in clear colours.
Being a director and using chartered accountants - well a good accountant! as they say - but they are not going to take the fall if the tax man calls. You signed that document the chartered accountant gave you.
That said Pty is far better than using an ABN (unless low income) and always use a chartered accountant, even if just for the extension times they get for submitting.