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 […]

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 […]

Did you know that your superannuation funds can have a hidden tax payable on death? A good tax advisor or SMSF Specialist, either in Perth or elsewhere, can help you maximise the tax liabilities in your superannuation fund – for both you and your extended family. So how does the death tax work for a […]

A family business, especially in Perth, must have a great relationship with a bank. The ability to get funds quickly and at a cost competitive rate is critical to the ongoing success of any business. The bank manager has a unique position. They act as both a policeman and as a friend. The concept that […]

At some stage every family business will contemplate branching overseas – either online, export or inbound services. And at that point that family business will have to think about tax. And we are not talking about Australian tax that we all (supposedly) understand and we have a basic gut feeling about how it should work. […]

An accountant for a family business is constantly looking at forward cash flows. Be it upcoming tax liabilities, loan repayments or lease obligations. The management of forward cashflow makes the interplay between short-term v long-term lending critical. And the management of these amounts can be critical for the ongoing success of family-owned businesses (especially start-ups). […]