Reducing your Australian tax bill through a fancy offshore tax haven is appealing. And, the idea that up to half of your wealth will be taxed on income to the Australian government is not appealing to many business-minded families in Perth and across Australia. In this blog we will consider how income in tax havens is taxed, what people when they have a tax haven, and alternative options to people who are looking at tax havens.

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.

Many Perth SME’s are being asked about their carbon accounting. The pressure from large corporates to understand the carbon footprint of Perth SMEs is creating a significant amount of work for Perth business accountants and their clients. What is carbon accounting? Carbon accounting is the process of calculating an organisation’s total greenhouse gas (GHG) emissions, expressed in carbon dioxide equivalents (CO2-e), across its operations and supply chain.  This calculation must then be reported and documented so that it is audit-ready for others to review. While it’s a measurement exercise, carbon accounting differs from traditional financial accounting in that it is not about tracking, quantifying, or recording the movement of money. Instead, it focuses on tracking, quantifying, and recording the movement of carbon. The same skillset of a Perth business accountant will be needed as a Perth carbon accountant—and the carbon accounting reports are also

If you are dealing with large amounts of money, taxation will always be on your radar. In Perth, the subdivision of the family home is a large financial transaction, so the tax impact of subdividing the family home will always be front of mind for a successful business-focused family and their tax advisors.