Tax Law Advisory

A lot of people have used their superannuation fund to buy a property.  And on the face of it;  it is a great idea.  The ability to borrow money in a SMSF together with the tax advantages that superannuation funds have on offer make it look like that it is a match made in heaven. […]

When a family business owner looks to sell their business as part of a succession or exit event, the financial reports prepared by your Perth business accountant will become critical. Your accountant’s vocabulary will inevitably move from a discussion of net profit after tax to normalised earnings. What are normalised earnings? Business financial reporting is […]

As a business owner, you probably did not enjoy superannuation guarantee contributions along the way as your employees did.  The act of growing and creating your own business was your superannuation.  The government acknowledges a range of tax-efficient ways to sell the business and either avoid or reduce the tax on the sale of the […]

From July 1st, 2018 any product, such as toys, linen, cosmetics, or clothing will incur GST on the full price of the goods sold on importation into Australia. What are the GST changes for low value imported goods? So from 1 July 2018, GST applies to low-value physical goods that have been imported to Australia […]

By Westcourt Blogger Despite the Australian Tax Office’s education campaign on GST reporting, many small business owners continue to make errors when claiming GST credits in their GST returns or Business Activity Statements. The vast majority of errors are easily unavoidable and relate to the over-claiming of GST credits. Here are the top ten common […]