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 […]

Trying to manage, remove or simply receiving a Directors Penalty Notice (DPN) from the Australian Taxation Office is always a cause for concern.  However simply because you have a Directors Penalty Notice does not automatically mean that you are required to pay it, you will lose your personal wealth and it does not mean that […]

The tax and succession benefits of a family trust are widely known – but the starting question should always be – is a family trust right for me?  There are many instances when a family trust is a poor business and investment structure and we go through the 9 instances when this is the case.  […]

If you are starting a business, you are in for an exciting time.  The opportunity to create a business start-up and scale it up is incredibly exciting.  And unless your start-up business is giving tax advice – you are likely a bit green when it comes to expert tax advice and business accounting.  We have […]

As a business the use of contractors makes a lot of commercial sense across Perth and the rest of Australia.  The flexibility offered by contractors and the shortage of labour makes contractors a classical recommendation given by smart business accountants.  And while contractors can be a simple option – there are a lot of tax […]

As a wealthier individual the subject of taxation is much more important.  Wealthy individuals simply pay a disproportionately lot more in tax than the rest of the general population.  And they also attract a lot more attention from the Australian Taxation Office.  Know your lodgement date  The general population who engage a tax agent generally […]