On February 2023, the Australian government proposed changes to the taxation of superannuation funds that will take effect in July 2025. These changes will affect individuals whose total superannuation balance exceeds $3 million including those in a self managed superannuation fund. The proposed changes aim to ensure that the superannuation system remains sustainable and fair […]

If you own and operate a large proprietary requirement ASIC will require that your company becomes audited and lodges financial reports.  This requirement will apply regardless of whether your only shareholders are family members and regardless of whether you have bank debt or not.  What is the criteria for being a large proprietary company?  If […]

It is inevitable that every owner of a family business will consider tax reduction strategies.  In effect every dollar saved from a tax reduction strategy will give the business another dollar to work with – to invest in working capital, branding, OH & S system or to reward staff for their hard work.  However the […]

The task of choosing a tax accountant for many Perth business owners can be daunting.  Trying to sift through the masses of marketing and promotional material and getting a true understanding of the capacity and skills of your tax accountants around Perth is no easy feat.  To assist business owners choose their new tax accountant […]

It is often talked about that real estate investments are tax effective.  But the question often remains – How is real estate a tax effective investment?  And understanding the tax effectiveness of real estate is critical to the overall act of planning your families property portfolio.  Understanding what is real estate  While it can sound […]

Everybody loves the idea of getting a tax refund.  And looking for ways to get a tax refund, or to reduce your tax paid to the Australian Tax Office is a primary job for your local tax accountant either in Perth or across Australia generally.  It is important to remember that the simplest way to […]