As accountants we understand that an estate plan goes beyond preparing a will and a testamentary trust.  The practice of making sure you choose the time when you transfer your estate together with the correct recipient (tax effectively) ranges from simple to deeply complex. The following are some simple tips to making sure your estate […]

The Tax Office have made their independent review service a permanent feature of the tax landscape. The service is open to any business with a turnover under $10m.  So, if you are being audited by the Tax Office, and you receive notification of the audit results, you can request an independent person with the ATO […]

When you sit down with your accountant to strategically review your business plan: everybody needs to call the elephant in the room – blind spots. The process of business planning, monitoring and updating strategy can potentially become a group love-fest unless you have some critical high level thinking that is attempting to stretch the boundaries. […]

With the increasing pressure to reduce greenhouse gases many people are touting the environment benefits of electric cars. However, part of the decision to purchase an electric car is a financial decision as well – and the financial impact of purchasing an electric car will be significantly impacted by the taxes and tax incentives of […]

A lot of media focus is on self managed superannuation funds (SMSF’s) and their benefits.  However, often the benefits and opportunities with a self managed super fund is often coloured and blurred with the investment opportunities available to a SMSF. So what is a SMSF? A self managed super fund is an Australian resident discretionary […]

The engagement of a Chief Financial Officer (CFO) in a business is currently a buzzword among accountants and bookkeepers across Perth.  And the importance of a true CFO focusing on your business cannot be overstated to ensure your business is on track and progressing strategically. Even if your small business is not yet of a […]