The unique Australian tax advantages of superannuation are well known.  And a key component of the tax benefits is dependent on the age of the person retiring and the amount of money a person retires on. This focus on the single member of a superannuation fund directly compares to how a family in business will […]

Tax law has a fundamental premise that the income of a person belongs to that person regardless of how they structure their affairs.  And for many smaller operators like IT, legal and medical professionals this concept of bringing the income home to the relevant professional is expressed in the concept “alienation of personal services income”. […]

The government has a raft of tax and other incentives for business families who are hiring apprentices.  And for Perth and Western Australia – an economy driven by mining and food – this is especially important. The starting point when looking at the incentives is to contact Australian Apprenticeships to see if your business is […]

The government is changing the Export Market Development Grant from 1 July 2021.  And these changes will significantly help business families across Perth looking to expand their interest beyond our borders. The EMDG cash flow funding is better The most significant change to the scheme is that funding can now be paid out, and received, […]

Budget Highlights The Federal Budget contains a raft of tax changes.  We have summarised the relevant tax changes for our clients (with the most relevant at the top). Temporary full expensing Business can expense all plant and equipment purchased and installed before June 2023.  This is an extension of the previous position of having the […]

Furtli advisor is the best of breed business accounting and financial analytic software.  It can help West Australian business families with profit, cashflow and balance sheet forecasting, scenario modelling and reporting that is tailored to your business.  And with the plug-in options like Xero for accounting data, the use of Futrli as a business reporting […]