Westcourt

Main residence exemption

The really important thing that’s happening now, is that if you’re a foreign tax resident of Australia, the main residence exemption on the side of your house is being taken away.

FBT and other taxes

If we’re looking at fringe benefits tax, where we try and talk about it existing with other taxes is this concept of a reportable fringe benefit

Tax Audit: When is the best time to get ready?

Nobody wants a tax audit. It’s always a little bit disconcerting when they come around. When should you get ready for a tax audit?

Getting tax deductions on travel expenses

One of the biggest concepts in tax law is that you’ve got to have receipts to prove your expenses that you incur. When you’re traveling, that’s really hard because you’re getting out of the taxi, you need a receipt, you’re buying some food at the bar, some chips for dinner.

Claiming tax on business conferences

A lot of people think of a conference as a bit of a business junket, but from a tax point of view, there’s a fine line between what is a conference and what is a bit of a trip with your mates?

How to defend yourself against a preference claim

Basically, you’re in business and someone pays you, they go into liquidation and the liquid they want you to pay your money back. Not a good position to be in, but there’s a couple of ways that you can defend yourself against a preference claim.

Claiming Tax on Staff Christmas Gifts

Coming up to Christmas and a lot of people want to give their staff and their team a little reward as a thank you for doing a good job and if you give your staff a bonus as a cash bonus, they’re going to pay tax on it, which is not such a great idea.

Five ways to make a more sustainable business

The focus on many business operators is to provide a more stable business stream.  In a world of volatility and uncertainty the business that can have an ongoing and stable income stream are highly valued. However the process to creating such a business is long and has many elements.  Some of the major ones to… Continue reading Five ways to make a more sustainable business

Common sense in accounting

The election on Saturday was an incredible response: one that was not anticipated by our practice. It is important to look back on why this was potentially important.  It was important because the opposition government had anticipated a range of significant tax changes that would have made an incredible change to the tax and business… Continue reading Common sense in accounting

Snapshot of the WA State Government stimulus package COVID-19

The WA State Government has released their own $607 million stimulus package in response to Covid-19. This includes payroll relief for small to medium businesses as well as a freeze on household rate increases. Check out our info graphic below for more information. Please contact us if you need advice or help.

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