Recent taxation changes have effectively reduced the tax deductions on one tonne utes. A ute is not a car If you keep your company car garaged at the family home it is deemed to being used privately.  So employer will incur fringe benefits tax on the provision of the car – even if John uses […]

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 […]

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 […]

The death of a fellow shareholder in a business is a distressing period. Sure – the period of grief may not have been intense as say, the death of your child, but it is still an extremely distressing period. So getting the documentation, funding and tax aspects of the business are critical for its success. […]

Crowdfunding is a new and evolving area for many business owners and their families. So the tax effect of crowdfunding is also developing (a few steps behind the process). So is my crowdfunding project taxable? If you are running a business, and crowdfunding is done in a systematic way, you will pay tax on the […]

At this time of year many Perth families travel down south. The idea of buying a holiday home always comes to mind. And once you look at the costs of owning a holiday home Perth business families always think about the tax outcome of buying holiday homes. Because if a holiday home becomes tax deductible […]