It is well known that a family trust has many benefits beyond tax. So, when a Perth business accountant discusses tax law structuring for family trusts, one of the first essential questions raised is: Who should be the trustee of my discretionary trust? The choice of a trustee significantly impacts succession, tax efficiency, asset protection […]

Property depreciation is a non-cash tax deduction available to the owners of income-producing properties.  It is one of the few tax benefits that Perth tax accountants can discuss with their clients, and it does not require the ultimate cash payment to enjoy. As a building ages, items wear out—they depreciate. The Australian Taxation Office allows […]

It is common for SMEs based in Perth to send their staff and team overseas while operating a business. Or if staff choose to work remotely in another country. It is important to gauge the tax traps that Perth SMEs can encounter when their team is working offshore. The simple case If you send your […]

Many Perth business owners recognise the benefits of using a CFO for their business operations. From forecasting cashflow to structuring deals in Perth, business accounting, managing tax compliance, and setting long-term strategy, an engaged smart business CFO helps drive the operations and success of a successful professional family business. Using the Business CFO as a […]

As a non-resident SME doing business in Australia or operating with an Australian investment portfolio, GST is a tax that many SMEs consider very important. Managing your GST and BAS obligations is essential if your Australian SME operations are in Perth or across Australia.  If you do not properly manage your GST obligations, the cost […]

What is a Three-Way Forecast? A three-way forecast, also known as the three financial statements model, is a financial tool that consolidates three essential reports into a single, comprehensive forecast. It integrates your financial statements – your Profit & Loss statement (income statement), balance sheet, and cash flow projections to provide a holistic view of […]