News - Westcourt

Fuel Tax Credits Explained: Part 2

Learn 08.09.2025

Fuel Tax Credits Explained: Part 2

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 guidance, accepted methods, and the governance signals auditors and BAS reviewers look for.

Fuel Tax Credits Explained: Part 1

Learn 27.08.2025

Fuel Tax Credits Explained: Part 1

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 businesses. Done well, it improves margins and boosts cash flow; done poorly, it creates audit risk. This Part 1 overview sets the foundations in clear, practical terms for Perth operators.

Taxes and Cars: Part 4 – The Log Book

Learn 18.08.2025

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 for car expenses – or the reason they are denied altogether.

Tax and cars Part 3: FBT on cars

Learn 12.08.2025

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 an employee access to a car for private use, the ATO may see that as a fringe benefit, and you may have to pay fringe benefits tax (FBT). One of the simplest ways to work out the taxable value is the statutory formula method.

Tax and Cars Part 2: One-Tonne Utes and Commercial Cars

Learn 05.08.2025

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, they can provide significant tax advantages that many Perth tax accountants use for their clients. But not all Utes are created equal, and not all commercial vehicles qualify for tax breaks. Here’s what you need to know.

Taxes and cars: Part 1 – Deductions without receipts

Learn 05.08.2025

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 for work-related vehicle use. For the 2026 financial year, the ATO’s set rate has increased to 88 cents per kilometre, providing even more significant savings for eligible taxpayers.

Part 4: Other Pathways to Wholesale Investor Status

Learn 15.06.2025

Part 4: Other Pathways to Wholesale Investor Status

An SMSF can be a wholesale investor if it satisfies the tests under sections 708 and 761G of the Corporations Act, the accountant must also comply with their continuing professional education and ethical requirements.

Part 3: Superannuation Fund’s Importance on Wholesale Investor Certificates

Learn 15.06.2025

Part 3: Superannuation Fund’s Importance on Wholesale Investor Certificates

An SMSF can be a wholesale investor if it satisfies the tests under sections 708 and 761G of the Corporations Act, the accountant must also comply with their continuing professional education and ethical requirements.

Part 2: How to acquire a Wholesale Investor Certificate

Learn 15.06.2025

Part 2: How to acquire a Wholesale Investor Certificate

An SMSF can be a wholesale investor if it satisfies the tests under sections 708 and 761G of the Corporations Act, the accountant must also comply with their continuing professional education and ethical requirements.

Part 1: Is your SMSF a Wholesale Investor or not, and why it matters.

Learn 15.06.2025

Part 1: Is your SMSF a Wholesale Investor or not, and why it matters.

The wholesale investor rules apply only to financial products and financial services. This includes managed investment schemes, securities, superannuation products, and derivatives. These rules do not apply to direct investments in non-financial assets, such as residential or commercial real estate, collectables, crypto currency (sometimes) or personal business acquisitions.

Super Strategies for Gen X Business Owners: What You Need to Know

Learn 16.05.2025

Super Strategies for Gen X Business Owners: What You Need to Know

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% in retirement.

Structuring a Property Syndicate in Australia

Learn 12.05.2025

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.

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