Tax Law Advisory

At some stage in a family business the question will come about: should I give my staff equity? Almost universally the answer should be no.  This will come as a surprise to many but we will give our thoughts below Costly to set up If you give staff shares in the business you will put […]

The unique Australian tax advantages of superannuation are well known.  And a key component of the tax benefits is dependent on the age of the person retiring and the amount of money a person retires on. This focus on the single member of a superannuation fund directly compares to how a family in business will […]

The tax impact of a business sale, merger or acquisition takes on many forms.    The capital gains tax exemption offered by a scrip for scrip rollover is a key mechanism discussed by savvy Perth tax accountants among their clients. A “scrip for scrip rollover” is common when another company acquires a business during a merger […]

By Westcourt Blogger The Australian Tax Office (ATO) is taking a more serious approach to SMSF non-compliance over the coming year. The Tax Office has found that more than an acceptable number of SMSF trustees are lacking transparency and are operating of the system, i.e. not lodging SMSF annual tax returns and/or not undergoing an […]

The level of inventory you hold in your family business is often a great worry to the CEO and the family who own the business. Simply put – stock makes you money and it doesn’t. Often a family business owner will want a high level of stock as it simply means better service. If you […]