Most families in business around Perth are aware of the tax benefits of negative gearing in real estate. The tax law surrounding negatively geared share investments is almost the same and differs when looking at the tax effect of capital-protected loans. When Perth family businesses talk to their tax accountants about the tax benefit of… Continue reading What is the Tax Effect of a Capital-Protected Loan?
Small, medium, and large businesses and accountants around Perth often use the humble tax partnership. However, the taxation of partnerships is rarely discussed or explained in detail, even though they are so prevalent. In this blog, we will explain what a partnership is, how it operates, and how it is taxed. What is a partnership?… Continue reading Everything About Partnership Taxation
Every successful family business has an exit point planned well in advance – either selling to an outsider or the next generation. However, getting a successful sales outcome is difficult and takes significant planning. In this blog we focus on 13 key points that family business owners in Perth should consider when they considering Perth… Continue reading 13 Key Points When Selling the Family Business
When considering the purchase of commercial real estate via your Self-Managed Super Fund (SMSF), and potentially leasing it back to your own business, it’s essential to be aware that this process resembles a standard real estate acquisition. However, specific steps with the help and support of your Perth SMSF tax accountant must be adhered to… Continue reading How to Acquire Commercial Real Estate through Your SMSF
Franking credits are essentially refunds given to shareholders of Australian companies. Since these companies have already paid taxes on their earnings, the concept is to prevent double taxation of the same profits for the shareholders. Hence, investors receive a tax credit for these dividends at tax time. Investors typically enjoy franking credits when their Perth… Continue reading What are Franking Credits and How Do they Work?
With Christmas just around the corner, many families in business are talking to their Perth tax accountants about how to give money to their children tax effectively. Is it a gift or a loan? When parents decide to transfer money to their children, it’s crucial to determine if the transfer is a gift or a… Continue reading Tax Effectively Giving to Your Children at Christmas
Many Small and Medium Sized Businesses are being requested to report on their Carbon Accounting Emissions for their group of companies. What is Carbon Accounting for my Group? Carbon accounting involves calculating and accounting for a business’s greenhouse gas (GHG) emissions to assess its carbon footprint within defined emissions boundaries. This process includes measuring emissions… Continue reading Scope 3 Carbon Accounting Emissions for Perth SME’s
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… Continue reading What is a Scrip for Scrip Roll-over?
Rentvesting is a tax strategy many Perth tax accountants use to eliminate private debt on the family home while maintaining the main residence exemption for capital gains tax. While the tax advice on the strategy is complex, it is worthwhile to understand the full range of tax implications and financial implications many Perth tax accountants… Continue reading What is Rentvesting?
The government’s proposal to tax SMSF’s and super fund trustees with a new 30% tax has a range of confusion and angst by many Perth tax accountants and their clients. Here are 10 tax tips about the new 30% SMSF tax that families in business should consider. The new tax is 15% not 30% Contrary to… Continue reading 10 Tax Tips about the New $3m Super Tax
