As a kid my parents drilled home the importance of saving money for my retirement.  And logic says that is a great idea. However, the tax system and superannuation system are not fully based on logic.  Why?  Because the government aged pension actively works to reduce your income as you earn more. So the value […]

A break even property development can still lose money. Property development structures can make or break a project. Sadly taxation law does not follow common sense. Common sense would say that if you had a house in Perth, and you spend an extra $700k developing it; and you generate an extra $700k in sales from […]

The decision to hire a bookkeeper can be an important one.  A start up family business is typically tight on cash on low on work; so “rolling up the sleeves” to do all of the menial work is part of the process. However a growing family business will quickly employ new staff.  And a first […]

Recent taxation changes have effectively reduced the tax deductions on one tonne utes. A ute is not a car If you keep your company car garaged at the family home it is deemed to being used privately.  So employer will incur fringe benefits tax on the provision of the car – even if John uses […]

Ask yourselves a question: would you drive a car blindfolded? I sincerely hope that you answered that question with a firm no. Now ask yourself another question: how is your business going today? If you cannot answer that question with complete confidence then you are driving a car blindfolded. We have all heard the stories […]

At this time of year many Perth families travel down south. The idea of buying a holiday home always comes to mind. And once you look at the costs of owning a holiday home Perth business families always think about the tax outcome of buying holiday homes. Because if a holiday home becomes tax deductible […]