Administering a deceased estate in Western Australia involves specific procedures and timeframes. Below is a guide tailored to WA’s legal requirements and resources.

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 employer provides a vehicle for personal use.

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 on whether the liquidation is a members (shareholders) voluntary liquidation or a creditors liquidation.

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 multiple income streams who are flexible in how their tax affairs are structured and how they choose to work. For those family owners, the tax benefits of an SMSF, delivered by their Perth tax accountants who are structuring their tax affairs, at a holistic level are more important than identify cash to fund their retirement income.