Our blog is created by us. It is our thoughts and ideas on how a family in business can become great.

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Managing long service leave obligations in a family business

As a business owner, especially in Perth, understanding the cost of your employees is important.  And the long service l...

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Why it is dumb to pay down debt

Nobody likes debt.  Most business accountants around Perth will tell you that you need to pay down debt to become financ...

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Tax perks when investing in technology startups

The tax incentives for investing in ESIC (early stage innovative companies) are incredibly generous.  Sadly ESIC tax reb...

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“All good things must come to an end.” – How does the tax system apply then?

The tax effect on liquidating a company was probably not what Geoffrey Chaucer was contemplating when he created his fam...

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Why your family business should offer shares to your staff

So we have given everybody a raft of reasons why issuing shares to staff in your family business is a bad idea.  However...

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A tax deductible mid-life crisis? 7 Options

So.  I am now 45.  You cannot really argue that 45 is “early 40’s”.  Especially as an accountant.  It gets you thinking....

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Giving your staff shares in your family business can be a bad idea

At some stage in a family business the question will come about: should I give my staff equity? Almost universally the a...

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How is a deceased estate taxed?

Sadly death comes to everybody.  It is a natural part of life. When a loved one dies it is a time of reflection, mournin...

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A non-exec director can destroy a family business

The benefits of an independent board of directors are numerous. You enjoy discipline, outside thinking and you enjoy a l...

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