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buy their first home

Helping the kids buy their first home: taxation and superannuation

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 […]
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Reconstructing lost tax documents

Reconstructing lost tax documents

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 […]
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Getting ready for the end of financial year

Getting ready for the end of financial year

The end of financial year is a great time for family business accountants and tax advisors.  Families and businesses across Perth are normally calling their accounting taxation and business advisors for any last minute strategies coming up to 30 June.   Your trust distribution minute is important Many accountants have created a discretionary trust.  And […]
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Starting a family office

Starting a family office

The words of “family office” conjure a sense of excitement and exclusive appeal.  As Perth accountants we have been fortunate enough to come across many ultra-high net worth individuals with a private family office. We have detailed some of our common findings: Beware the advertising A family office is just actually that.  An office for […]
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R&D Tax changes will affect family businesses

How the new R&D Tax changes will affect family businesses

For a long time government has been concerned that the R&D tax system is being abused.  And with a recent cases of tax advisors who take a success fee going to jail it is no wonder. So the recent budget has targeted businesses with a turnover of more than $20m (and this covers a big […]
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Understanding how foreign exchange markets work

Many Perth based family businesses are looking internationally for growth.  And as soon as you talk about dealing offshore you will start talking about foreign exchange risks. For example: Perth Business Accountants Pty Ltd (PBA) has a contract to sell USD $1m a month in business advisory services.  The contract will last for 3 years. […]
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