Super Strategies for Gen X Business Owners: What You Need to Know
Super Strategies for Gen X Business Owners: What You Need to Know Why is superannuation limited? Superannuation is a powerful tax planning tool, especially for Gen X family business owners approaching retirement. It allows you to move personal wealth into a low taxed environment, where earnings are taxed at only 15% — and sometimes 0% […]
Structuring a Property Syndicate in Australia
If you want to structure a property syndicate in Perth, the tax profile, governance and control of the syndicate is critical to getting your investors onboard, happy, and with you on the journey. This blog covers the range of tax issues your Perth tax accountant will normally discuss with you when you look at getting […]
The Ultimate Estate Planning Checklist for Wealthy Business Families
Have you ever wondered what documents an accountant will direct you to include in your estate planning pack? This extensive checklist gives you an insight into what we, as estate planning advisors, will typically organise when examining the estate plan for a successful business family. ✅ Core Estate Planning Documents Document Description Retention Period Will […]
How WA Family Businesses Can Reduce Payroll Tax
In Western Australia, payroll tax remains one of the most significant state taxes facing thriving family-owned businesses. Once your payroll creeps above $1 million — not uncommon in a family business — every additional dollar in salary attracts up to 5.5 cents in tax. But what if there was a way to legally remove family […]
GST When Buying and Selling Second-Hand Goods: A Guide for Business Owners
The Goods and Services Tax (GST) framework in Australia is complex, and it becomes incredibly nuanced when it comes to trading in second-hand goods. For businesses such as used car and machinery dealerships or antique shops, understanding how GST applies is crucial for managing cash flow, pricing strategies, and ATO compliance. In this article, we […]
Investing in a granny flat on your Perth property can offer significant benefits
The tax impact of renting your granny flat Investing in a granny flat on your Perth property is becoming an increasingly common tax strategy, offering significant tax benefits, including the granny flat tax exemption. However, it’s essential to understand the complete tax implications associated with investing in a Perth granny flat. This comprehensive guide explores […]
11 Steps to Managing a Deceased Estate
Administering a deceased estate in Western Australia involves specific procedures and timeframes. Below is a guide tailored to WA’s legal requirements and resources. Managing a Deceased Estate in Western Australia: Key Steps and Considerations Dealing with the loss of a loved one is challenging, and managing their financial affairs can be complex. This guide outlines […]
Maximising Savings on Electric Vehicles: Understanding the FBT Exemption and Novated Leasing
Fringe Benefits Tax (FBT) Exemption: A Game Changer for EV Leasing The Fringe Benefits Tax (FBT) exemption allows salaried employees to finance an electric vehicle (EV) through a novated lease, paying for it entirely from their pre-tax income. This arrangement helps employees save significantly by avoiding the fringe benefits tax, which typically applies when an […]
What happens if your company is in liquidation?
If your company is in liquidation and you’re a director, you can’t walk away. You have an obligation to help the liquidator and remain engaged, but you are no longer running the company and you can’t make decisions. This can be a confronting position. If your company is in liquidation the process varies considerably depending […]
When to start an SMSF pension
The primary tax benefit of starting a superannuation pension is that the monies invested in your SMSF will enjoy tax-free investment earnings up to the Transfer Balance Account limit ($2m from 1 July 2025). Lifestyle choices can also affect the decision to start a pension. However, this blog is directed at family business owners with […]