Fuel Tax Credits Explained: Part 2
Fuel Tax Credits (Australia) — Part 2 The Technical Framework Auditors Care About Part 1 covered the basics of eligibility and common errors of Fuel Tax Credits we see as tax accountants in Perth. In Part 2, we focus on the technical framework that underpins compliant Fuel Tax Credit (FTC) claims — the legislation, ATO […]
Fuel Tax Credits Explained: Part 1
Fuel Tax Credits Explained: Part 1 The Basics of Fuel Tax Credits A Key Player Fuel is a major line item for many SMEs in Perth and WA—from freight and logistics through to farmers, construction and food distribution. The Fuel Tax Credit (FTC) regime is designed to return part of the fuel excise to eligible […]
Tax and Cars Part 4: The Log Book
Taxes and Cars: Part 4 – The Log Book Cars and taxes are a constant source of confusion for business owners in Perth. One of the most misunderstood areas is the ATO car log book. While it might seem like a small compliance detail, your log book is the key that unlocks higher tax deductions […]
Tax and Cars Part 3: FBT on Cars
Tax and cars Part 3: FBT on cars In this third part of our series we look at salary packaging and how providing a car to a team member can generate a fringe benefits tax liability for employers. For many business owners, it’s also part of a smart salary packaging strategy. But when you give […]
Tax and Cars Part 2: One-Tonne Utes and Commercial Cars
Tax and Cars Part 2: One-Tonne Utes and Commercial Cars In this second part of our Tax and Cars series, we look at a vehicle type that’s central to the way many West Australians work and travel: one-tonne Utes and commercial vehicles. For tradies, business owners and even professionals, these vehicles go beyond just practical, […]
Taxes and cars: Part 1 – Deductions without receipts
Taxes and cars: Part 1 – Deductions without receipts As a taxpayer in Perth, one of the simplest ways to reduce your taxable income is by claiming tax deductions for motor vehicle expenses related to work travel. The Australian Taxation Office (ATO) allows taxpayers to claim a deduction based on a set rate per kilometre […]
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 […]