Many family businesses in Perth are doing incredible work.  And it is great to know that the research and development tax incentive or the research and development tax offset are specifically designed to assist these family owned businesses in Perth. How much is the R&D Incentive worth? In effect: if you turnover less than $20m […]

For many family business owners the pathway to success has been a very purposefully driven process.  Key targets have been set, goals have been identified and actions have been carried out to achieve a degree of success. For many, the success of the family business has generated in wealth for the family.  However, the difference […]

We often find advisors will shine a light on mega-corporations and tell family-owned businesses that “this is what you need to do!!”. Sadly the basic concept that publicly listed companies are ‘better’ than the family governance model is simply wrong. In fact, the opposite is actually true. In 2012, researchers Nicolas Kachaner, George Stalk and […]

Many families will have systems in place when their kids buy their first home.  Just like they help with all taxation, investment and superannuation concessions.  Because the purchase of the first home is a large investment decision and the success of the child’s home ownership will impact on how the legacy is transferred. And with […]

The use of a testamentary trusts for estate planning has been common practice for many Perth business families.  The testamentary trust has fantastic taxation, asset protection and estate planning flexibility. However from 1 July 2019 the government is intending to strip down the tax benefit that people enjoy in a testamentary trust. However to understand […]

n easy task. Land purchase documents If you have bought or sold land: and you have lost the purchase contract you can contact Landgate for details of the transaction. If the original owner of the land is deceased you can lodge an “Application by Personal Representative Form (A1)” with Landgate. Lost trust deeds The matter […]