A lot of people have used their superannuation fund to buy a property.  And on the face of it;  it is a great idea.  The ability to borrow money in a SMSF together with the tax advantages that superannuation funds have on offer make it look like that it is a match made in heaven. […]

The level of inventory you hold in your family business is often a great worry to the CEO and the family who own the business. Simply put – stock makes you money and it doesn’t. Often a family business owner will want a high level of stock as it simply means better service. If you […]

Owning a rental property overseas can be a great idea for a business family.  It gives you diversification, tax perks and potentially better market returns.  However offshore property investment also bring about tax risk and estate planning risk as well. The tax system and residency As an Australian tax resident you pay tax on your […]

Every business family has worries.  Money worries.  Strategy worries.  Staff worries.  Tax worries. One of the biggest worries is that somebody outside of the family will attempt to gain access to the family wealth.  This outsider attacking the family asset might be a liquidator, the Tax Office, an in-law of a child, or simply an […]

The decision to hire a bookkeeper can be an important one.  A start up family business is typically tight on cash on low on work; so “rolling up the sleeves” to do all of the menial work is part of the process. However a growing family business will quickly employ new staff.  And a first […]

A break even property development can still lose money. Property development structures can make or break a project. Sadly taxation law does not follow common sense. Common sense would say that if you had a house in Perth, and you spend an extra $700k developing it; and you generate an extra $700k in sales from […]