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 […]

If you’re buying a business in Perth, understanding EBITDA and EBIT is essential to both you and your Perth business accountant. Both EBIT and EBITA give insight into a company’s profitability and financial health. This analysis is needed when making decisions about growth, financing, or even a potential sale. This blog explores the difference between […]

Many Perth SME’s are being asked about their carbon accounting. The pressure from large corporates to understand the carbon footprint of Perth SMEs is creating a significant amount of work for Perth business accountants and their clients. What is carbon accounting? Carbon accounting is the process of calculating an organisation’s total greenhouse gas (GHG) emissions, […]

If you are dealing with large amounts of money, taxation will always be on your radar. In Perth, the subdivision of the family home is a large financial transaction, so the tax impact of subdividing the family home will always be front of mind for a successful business-focused family and their tax advisors. Does income […]

It is well known that a family trust has many benefits beyond tax. So, when a Perth business accountant discusses tax law structuring for family trusts, one of the first essential questions raised is: Who should be the trustee of my discretionary trust? The choice of a trustee significantly impacts succession, tax efficiency, asset protection […]