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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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financial aspects of a divorce

The financial aspects of a divorce

A preliminary guide to common issues asked by couples who are separating. The act of leaving a spouse is always difficult.  And almost always the financial aspect of the separation is a key discussion point. We have detailed a few financial and tax related things to go over for couples who are intending, or who […]
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new rules of finance

The new rules of finance can catch your unawares

We have known for a long time that most home owners are not aware of their interest rate.  In fact a staggering 85% of borrowers are unaware of their interest rate (1). However the cost of fixed interest rates have recently began increasing for interest only loans compared to loan that repay principal and interest.  […]
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fringe benefits tax return

How to avoid lodging a fringe benefits tax return

Many family businesses in Perth simply want to cut red tape.  And the act of lodging a fringe benefits tax return is simply another form that must be prepared and another cost paid to accountants that is effectively sunk money – especially when the amount of fringe benefits paid is potentially low. Motor vehicles The […]
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Tax implications on different forms of property

The concept of property is simple.  It is a bit of dirt.  However the legal ownership of property investing alters the tax impact considerably.  And the tax outcome of property investment has a significant impact on your long term tax planning for a business family. Green title A green title property is the most simply […]
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choosing your accountant

10 questions to ask when choosing your accountant

Choosing an accountant can be difficult.  Cutting through technical jargon and marketing hype is a daunting process to any business owner. So we have a list of questions you can use to interview and compare between accountants. What tax leadership roles in the profession have you done in the last 12 months? Every accountant will […]
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