The 2024 has proved to be yet another difficult and rewarding year for many, marked by elections, interest rates and volatile commodity prices. Yet, as Australia and Perth continue to deliver strong housing returns and mining activity, there is all the more reason for Perth family businesses to celebrate what their employees and accountants have […]

Setting up payroll in Xero might seem daunting, but it can be straightforward and efficient when the initial platform is properly created, followed through with a systematic approach, and supported by a Perth tax accountant. This guide provides a step-by-step process to help Australian businesses streamline their payroll setup using Xero’s intuitive platform. Overview: Simplifying […]

As tax accountants, we focus on a range of great tax strategies for business families. However, the simplest tax strategy is often not discussed. It might be a wood for the tree’s position, or it might be that its simplicity is so clear that it is not worth addressing. However, wealthy families structure their investments […]

Self-managed-superannuation-funds offer a range of benefits including cost savings, flexibility in investment choice and the ability to act at short notice.  However, there can be times when a member of an SMSF wants to leave.  The member might be divorcing, a child who wants control of their own fund, or a difference of view about […]

Nobody wants to learn that the Australian Taxation Office is auditing them.  Even if the family in business is doing everything right, and their Perth tax accountant has been on the ball – the fear that something has been missed, or the cost and effort to respond to the audit, is never seen as a […]

Reducing your Australian tax bill through a fancy offshore tax haven is appealing. And, the idea that up to half of your wealth will be taxed on income to the Australian government is not appealing to many business-minded families in Perth and across Australia. In this blog we will consider how income in tax havens […]