Property developers and their extended family will face a significant change in the taxation of their developments. In particular the tax treatment of the goods and services tax remitted by purchasers of new residential premises will mean that Perth tax accountants will be called upon to help families doing the development. The tax changes will […]

The tax effect on liquidating a company was probably not what Geoffrey Chaucer was contemplating when he created his famous quote.   However the closure of a company has significant tax implications for many family owned businesses and many families in business. This is especially so in the Perth business environment right now.  Many good families […]

The tax incentives for investing in ESIC (early stage innovative companies) are incredibly generous.  Sadly ESIC tax rebates are not being properly explained to Perth families by their business accountants. A 20% tax rebate If you invest in an ESIC company the government will give you a whopping 20% tax rebate against the capital cost […]

Nobody likes debt.  Most business accountants around Perth will tell you that you need to pay down debt to become financially free. So when we tell our families who own businesses “don’t pay down debt” as a tax strategy we get many strange looks. Let me explain. You do not need to pay down debt […]

As a business owner, especially in Perth, understanding the cost of your employees is important.  And the long service leave entitlements of your work force can become a significant additional burden on the business and reduce your gross profit ratio. Understanding your long service leave entitlements The first step is to go to your employee’s […]

Everybody knows about depreciation (really?). Sadly sometimes a person’s knowledge about how depreciation impacts on a family business reporting is blurry. This is also compounded by how some tax accountants in Perth are treating depreciation in the books of a family business. Business reports should not be tax reports. The charge of depreciation in the […]