Do you find the world of “accountant speak” confusing? It is no wonder. With with a world of numbers crossing into legal requirements and then back into real life – the complexity can be overwhelming. And if you then overlap the presentation of your financial statements into statutory tax obligations which can impose a mandated […]

Every family wants to make sure that their legacy, and the family business, is preserved and continues – in a tax effective and controlled manner. However sadly some family members are more vulnerable and the family legacy might be affected when it is controlled by these people. This concept of care and protection for these […]

It would be great if life operated in a straight line. Your business would slowly go on a nice upward trajectory year in year out. There would be no big wins and no staggering losses. You would pay tax consistently for cash-flow planning. A forecast for your business and investments would be simple. Sadly that […]

The much maligned unit trust has a key role in families undertaking property investments. Why most accountants do not like unit trusts Traditionally a unit trust was used for two independent families to go into business together. The legal ownership and separation of the units, together with the trust deed, was seen as a way […]

Recent government tax changes have affected the negative gearing of rental properties. However the changes, while significant for many, do not impact the large benefits of negative gearing. Many families in business will continue to use the tax benefits of negative gearing on rental properties for creating a future legacy. We go through the changes […]

One of the greatest joys in being a parent is that your children cannot sack you and find another.  You can repeatedly make mistakes time and time again and still keep the jobs of “Mum” or “Dad”.  You’re there for life. Sadly you cannot sack your children – no matter how tempting that might be. […]