The ATO is currently undertaking “Next 5,000 reviews” on our client base and those wealthier families across Perth generally. Who is the focus of an ATO Next 5,000 review? The review is targeted primarily at the families in Australia whose wealth is from the Top 500 to the top 5,500 (hence the name “Next 5,000”).  […]

With the explosion of interest in Crypto currencies; a lot of tax myths have been popping up around Perth about how crypto currencies are taxed.  So we will go through a few of them to get the tax facts straight. Buying crypto is a hobby The extension of this concept is that if crypto currency […]

Many business families are focused on helping their adult children purchase a home – the primary purpose of many family businesses are so that the business can provide for future generations. How a family in business helps a child purchase a home, or develop a property portfolio, are wide and varied.  And the impact of […]

As advisors to families in business the protection of the family’s wealth is always on our mind.  And our combined experience as a specialist firm has shown us almost all of the ways a families wealth can be eroded quickly. The following are 5 ways your family wealth can be attacked. 1. Litigation Perth now […]

As family business accountants we absolutely love Xero.  The ability to automate low value tasks in bookkeeping and create clean data is a godsend to family business owners around Perth. Sadly Xero still requires a smart person to run it.  And we have seen a raft of bookkeeping errors within our client base.  So we […]

The number of tax offsets, and especially SAPTO (Senior Australians and Pensioners Tax Offset) in our tax legislation confuses many people and also represents an opportunity for those looking towards structuring their retirement or family succession. What is a tax offset? The primary difference between a tax offset and a tax credit is that the […]