Every start-up business owner will inevitably ask themselves “How do I make a payment arrangement with the Tax Office”?” And while such a question is a natural, often logical, step for the founder of a family business there is a few steps to consider before you start to talk to your Perth tax accountant about […]

Payroll tax for many family-owned businesses in Perth is often a forgotten sleeper.  Too often many tax accountants and business owners are so fixated on the cost of income tax that the payroll tax cost in a business is forgotten.    However the question of how is payroll tax calculated in WA is important to ensure […]

The family farm is commonly the largest single asset for a farming family.  And the succession of the family farm is an important and significant step in operating and maintaining the farming business.  In Western Australia the family farm stamp duty exemption allows for the farm to be passed onto the next generation within a […]

We are often asked “what is a self managed superannuation fund?  A Self Managed Superannuation Fund (SMSF) is a privately run super fund.  Technically it is a trust that elects, under tax law, to comply with the Superannuation Industry Supervision Regulations which then gives that trust a range of tax benefits.  The SMSF laws regulating […]

If you are thinking about buying a business you will immediately ask the question: how should I go about valuing the business and how should I find out what it is worth?  And given the emotions and dollars involved in buying a business or selling a business the task of valuing a business can be […]

If you are running a family business, you have a unique opportunity to financially educate your children over and above those of everyday employs.  The amount of money within a family business and the financial reporting obligations that a business creates unique touch points for children to understand how money moves, breathes and is tracked […]