Xero, a leading provider of cloud-based accounting software, recently announced its decision to retire WorkflowMax, their popular project management solution, on 26 June 2024. While this decision has implications for clients of Perth business accountants who have relied on WorkflowMax for their project management needs, it also presents a unique opportunity for businesses to improve […]

Running a family business in Perth brings a sense of fulfillment and pride but also comes with a unique set of challenges, especially in the realm of tax, accounting and financial management.  Ensuring tax compliance with the Australian Taxation Office (ATO), typically with the support of a Perth tax accountant, is a critical aspect of […]

Switching your cloud accounting software can be a game-changer for your small business. If you’re an Australian small business owner considering migrating your cloud accounting data from MYOB AccountRight Premier to Xero, you’re likely excited about the benefits Xero can provide. However, making this transition isn’t without its challenges. In this blog, we’ll explore some […]

Introduction  Succession planning is a critical aspect of any family business, especially in Perth and Australia, where family-owned enterprises represent a significant portion of the economy. Unfortunately, many family businesses overlook the importance of this process, leading to conflict, legal and tax complication issues when it comes time for a change in leadership. In this […]

As a family business owner with significant business debt or a large property portfolio, it’s essential to develop effective tax strategies to manage that higher cost of debt – even if the Perth economy has, by and large, held up. By understanding the Australian and international tax laws from your Perth tax accountant, you can […]

Introduction  As the end of the fringe benefits tax year approaches (31 March) , Australian employers should begin preparing for the Fringe Benefits Tax (FBT) return.  The FBT return will be due by sometime at the end of April or May depending on whether you engage with a registered tax agent (or tax accountant) in […]