With the property market booming across Perth the tax structuring and asset protection for property investment is becoming a significant focus. And while no “one size fits all” approach ever works with tax advisory, the importance and benefits of a unit trust to acquire and hold residential and commercial property is increasingly important. A unit… Continue reading Why buying property in a unit trust is popular
Purchasing cars for many small and medium businesses can be a significant cost. And as accountants in Perth, we have clients with a single car salary packaged in the business and clients with a fleet of over 50 cars. Regardless of the size of your business the cost of buying, running and maintaining a car… Continue reading How to structure your cars properly for tax
As a business employer you have an obligation to pay superannuation on behalf of your staff. And the tax penalties and tax administration of the superannuation guarantee system is complex and littered with multiple tax penalties ranging from higher superannuation, administration fees, loss of tax deductions and interest costs. The SGL applies to employment Australia… Continue reading Six handy tips on avoiding Superannuation Guarantee Charge Penalties (SGC)
In today’s video, Toni and Storm will be discussing what payroll tax is and if you are liable within your state.
The government has a raft of tax and other incentives for business families who are hiring apprentices. And for Perth and Western Australia – an economy driven by mining and food – this is especially important. The starting point when looking at the incentives is to contact Australian Apprenticeships to see if your business is… Continue reading Tax and government incentives for hiring apprentices
Budget Highlights The Federal Budget contains a raft of tax changes. We have summarised the relevant tax changes for our clients (with the most relevant at the top). Temporary full expensing Business can expense all plant and equipment purchased and installed before June 2023. This is an extension of the previous position of having the… Continue reading 2021 Budget Highlights
Crowdfunding is a new and evolving area for many business owners and their families. So the tax effect of crowdfunding is also developing (a few steps behind the process). So is my crowdfunding project taxable? If you are running a business, and crowdfunding is done in a systematic way, you will pay tax on the… Continue reading Can I crowdfund my business?
Property developers and their extended family will face a significant change in the taxation of their developments. In particular the tax treatment of the goods and services tax remitted by purchasers of new residential premises will mean that Perth tax accountants will be called upon to help families doing the development. The tax changes will… Continue reading GST changes for property developers are coming on 1 July 2018
