Services - Westcourt

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Westcourt Accounting offers comprehensive services including tax planning, bookkeeping, payroll, compliance, advisory, reporting, forecasting, audits, cloud accounting, and strategic support for startups, growing businesses, and established enterprises. The firm partners closely with clients to streamline financial operations, improve decision-making, and maintain confidence in regulatory obligations.

By combining technical expertise with practical insight, Westcourt helps organizations gain clarity over their finances, anticipate challenges, and build sustainable, long-term success at every stage of their journey.

Accounting and Reporting

Monthly and Quarterly Reports
Financial Statements
Cloud Accounting

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Carbon Measurement

Carbon Measurement Reporting
Carbon Offset Strategy
Quantifying and Tracking Carbon

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Forecasting And Planning

3 Way Forecasts
Cashflow Control
Mergers and Acquisitions

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Succession And Estates

Self-managed Super Funds
Family Succession
Estate Planning

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Tax Law Advisory

Income Tax
International Tax Services
Fringe Benefits Tax

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Trusted accounting services spanning compliance, advisory, and peace-of-mind.

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4 Reasons to Use a Company Trustee for your Discretionary Trust

Learn 03.10.2024

4 Reasons to Use a Company Trustee for your Discretionary Trust

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 and ongoing costs.

6 Options to Close an Australian Company

Learn 01.08.2024

6 Options to Close an Australian Company

Closing a company in Australia is a decision that requires thorough planning and strict compliance with legal requirements. Whether driven by part of a succession of the family business, financial difficulties, taxation, strategic realignments, or other factors, understanding the available options that a Perth business accountant can employ will make a more streamlined process for family business owners. This article will examine six company closing methods in Australia, including voluntary administration, liquidation and deregistration, and consider key business and tax considerations associated with each stage. Each method differs slightly and may be more suitable depending on the needs of the family in business and the company.

Are SMSFs Better for Families in Business?

Learn 25.03.2024

Are SMSFs Better for Families in Business?

For the last few decades, many tax accountants around Perth have held the mantra that SMSFs are the “go-to” tax vehicle for family business owners. However, with a massive change in technology, taxation, legal and investment changes, the question remains—are SMSFs still worth it for family businesses in Perth, and where are SMSFs ever worth it for families in business? The question of whether an SMSF is right for you is even more complex for Perth families that own businesses.

EBIT and EBITDA – What’s the Difference?

Learn 21.10.2024

EBIT and EBITDA – What’s the Difference?

If you’re buying a business in Perth, understanding EBITDA and EBIT is essential to both you and your Perth business accountant. Both EBIT and EBITA give insight into a company’s profitability and financial health. This analysis is needed when making decisions about growth, financing, or even a potential sale. This blog explores the difference between EBITDA and EBIT. They are both useful.

Engaging a private CFO for your family

Learn 05.09.2024

Engaging a private CFO for your family

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.

Everything you Need on the 50% Capital Gains Tax Discount

Learn 24.05.2024

Everything you Need on the 50% Capital Gains Tax Discount

When it comes to capital gains tax, the 50% CGT tax discount is a powerful tool. The knowledge that you can potentially enjoy half of your profits tax-free is common among Perth tax accountants and business families, but it’s also a key advantage that can significantly impact your financial decisions and how you go about tax structuring. In this blog, we will discuss how to structure your affairs to enjoy the 50% CGT discount and what actions will prevent you from enjoying access to the capital gains tax discount – whether you are in Perth, Western Australia or Australia.

Family Trust Elections and Family Trust Distribution Tax: What You Need to Know

Learn 05.08.2024

Family Trust Elections and Family Trust Distribution Tax: What You Need to Know

Family Trust Elections (FTEs) and Family Trust Distribution Tax (FTDT) have been integral components of Australia’s income tax framework since 1998. While tax professionals across Perth, such as lawyers and accountants, should be well-versed in these concepts, it’s essential not to let familiarity lead to complacency. As families evolve and children grow, establishing new tax, businesses and financial structures, the definition of the “family group” might not align with the family’s perception. This discrepancy can inadvertently lead to appalling tax outcomes, including the imposition of a family trust distribution tax at a rate of 47%.

GST and the Margin Scheme

Learn 09.04.2024

GST and the Margin Scheme

Most property developers around Perth understand how the margin scheme can reduce the Goods and Services Tax liability when they sell a property. But the question many tax accountants around Perth is: “Do I pay GST on the sale of my property, and can the GST margin scheme help me lower the GST cost?” This blog will outline how Perth property developers should use the margin scheme to reduce their GST impact and trips and traps about using the GST scheme.

Have You Outgrown Xero? (10 Signs)

Learn 22.04.2024

Have You Outgrown Xero? (10 Signs)

For most SMEs in Perth, Xero is the dominant cloud accounting package. Xero’s ease of use and functionality help Perth family business owners and their accountants gain control of their business and finances, making it a market leader. However, Xero is not everything to all business owners. As a Perth SME grows, it has more demanding needs for financial + business accounting data, and Xero cannot cater to every unique need. This is where a great business accountant in Perth can help you.

How GST Affects Offshore SME’s in Australia

Learn 26.08.2024

How GST Affects Offshore SME’s in Australia

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 from top-line revenue could turn a profitable Australian business into a loss.

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