Receiving your annual land tax assessment is never welcome. Even with effective land tax planning strategies, the cost of land tax is a significant burden on families in businesses with substantial land holdings. And even if you can pass on land tax to your tenants, your customers and tenants carry the cost, which is reflected […]

Traditionally, many family businesses in Perth structured their business through a trust, as tax reasons made trust the “go-to” tax vehicle. However, as tax law has changed and the tax advice given by Perth tax accountants evolves, operating a business through a trust is becoming increasingly difficult. How a Trust is Not Great for Operating […]

Farming families control a significant asset and managing their tax liability is essential to maximizing the yield and value of the property.   To assist in identifying pertinent opportunities for discussion with your Perth tax consultant, we have compiled a list of tax regulations farmers should consider for tax planning this year.  Although some applicable tax […]

Sadly, almost every family business in Perth has asked their tax accountant – how is the tax treatment of my unfair dismissal payment treated?  The tax treatment of legal fees paid on unfair dismissal  If your family business incurs legal fees defending an unfair dismissal claim, the legal fees paid are tax deductible.  The legal […]

Inventory management covers the enter SME process from raw materials and work-in-progress to finished goods. This process for Perth SMEs and their business accountants includes monitoring inventory levels, establishing the ideal stock quantities, and coordinating the procurement and storage of inventory for customer needs. Efficient inventory management through cloud accounting software is essential for businesses […]

Most families in business around Perth are aware of the tax benefits of negative gearing in real estate.  The tax law surrounding negatively geared share investments is almost the same and differs when looking at the tax effect of capital-protected loans.    When Perth family businesses talk to their tax accountants about the tax benefit of […]