Have you ever wondered what documents an accountant will direct you to include in your estate planning pack? This extensive checklist gives you an insight into what we, as estate planning advisors, will typically organise when examining the estate plan for a successful business family. ✅ Core Estate Planning Documents Document Description Retention Period Will […]

In Western Australia, payroll tax remains one of the most significant state taxes facing thriving family-owned businesses. Once your payroll creeps above $1 million — not uncommon in a family business — every additional dollar in salary attracts up to 5.5 cents in tax. But what if there was a way to legally remove family […]

The Goods and Services Tax (GST) framework in Australia is complex, and it becomes incredibly nuanced when it comes to trading in second-hand goods. For businesses such as used car and machinery dealerships or antique shops, understanding how GST applies is crucial for managing cash flow, pricing strategies, and ATO compliance. In this article, we […]

The tax impact of renting your granny flat Investing in a granny flat on your Perth property is becoming an increasingly common tax strategy, offering significant tax benefits, including the granny flat tax exemption.  However, it’s essential to understand the complete tax implications associated with investing in a Perth granny flat. This comprehensive guide explores […]

Administering a deceased estate in Western Australia involves specific procedures and timeframes. Below is a guide tailored to WA’s legal requirements and resources. Managing a Deceased Estate in Western Australia: Key Steps and Considerations Dealing with the loss of a loved one is challenging, and managing their financial affairs can be complex. This guide outlines […]

Fringe Benefits Tax (FBT) Exemption: A Game Changer for EV Leasing The Fringe Benefits Tax (FBT) exemption allows salaried employees to finance an electric vehicle (EV) through a novated lease, paying for it entirely from their pre-tax income. This arrangement helps employees save significantly by avoiding the fringe benefits tax, which typically applies when an […]