A lot of family businesses think that fringe benefits tax (FBT) is simply another regulatory headache.  With the presence of reportable fringe benefits, FBT accounting, registering for FBT and the impact of FBT employee contributions you could be excused for trying to avoid another connected with fringe benefits tax in any way. However, this does […]

Have I effectively tax structured my life insurance and income protection insurance policies? Life insurance and income protection insurance is a significant component of the succession plan for many family businesses around Perth. And the tax structuring of life, trauma and income protection is a key impact when trying to determine the after-tax cost. Sadly, […]

We have seen numerous examples of governments attacking the tax benefits of negative gearing.  However,the most significant tax attack is proposed by Labour with the position of scrapping negative gearing altogether. A family business, especially from Perth, almost always has property as a significant asset and factor in the succession planning of the family business.  […]

A lot of business owners and families in business in Perth actively look at debt recycling.   And at its essence, the concept is a tax strategy used by families with private debt to help them pay it off more quickly. So the percentage of your total debt transfers from mainly personal to mainly tax […]

Estate planning for business families is difficult.  There is a raft of legal terms like enduring powers of attorney, testamentary trusts and complex tax outcomes depending on the structures and the family dynamics.  If that complexity is not enough some business advisors in Perth are not independent and everybody has a different approach. What is […]

The act of moving the family business from one generation to the next is a life long journey.  It is affected by the location of the heirs (Perth or international), the capacity of heirs and their relationships within the family.  Understanding, educating and helping the next generation to prepare to control the family wealth and […]