The task of choosing a tax accountant for many Perth business owners can be daunting. Trying to sift through the masses of marketing and promotional material and getting a true understanding of the capacity and skills of your tax accountants around Perth is no easy feat. To assist business owners choose their new tax accountant… Continue reading 11 Questions to Ask When Choosing a Tax Accountant
It is often talked about that real estate investments are tax effective. But the question often remains – How is real estate a tax effective investment? And understanding the tax effectiveness of real estate is critical to the overall act of planning your families property portfolio. Understanding what is real estate While it can sound… Continue reading How is Real Estate a Tax Effective Investment?
Everybody loves the idea of getting a tax refund. And looking for ways to get a tax refund, or to reduce your tax paid to the Australian Tax Office is a primary job for your local tax accountant either in Perth or across Australia generally. It is important to remember that the simplest way to… Continue reading 7 Ways to Increase Your Tax Refund
The Australian Tax Office (ATO) have recently revised their approach for the taxation of Personal Services Income. And the change to the rules will affect the ways that Perth tax accountants interact and advise on how contractors in Perth and the rest of Western Australia approach and document their tax affairs. What is Personal Services… Continue reading How are the New PSI Rules Affecting Me?
As tax accountants we are often asked by our clients across Perth – What do I need to do for my business succession plan? Understanding what is a family business It is also fair to say that most family businesses do not consider the business to be a “family business” – either in Perth or… Continue reading An Introductory Guide to Family Business Succession
As an employer you are required to validate the Right to Work for your employees and your contractors. And simplifying your cloud accounting and HR compliance together (including your Right to Work) is at the top priority list for many employers across Perth. Further, there is a series of heavy fines for not considering your… Continue reading Simplifying your Right to Work Checks for your Team
As business accountants across Perth we see a range of mistakes that start-up business operators make. The act of starting up a new business is challenging enough without adding to the headache so we have listed a few accounting business tips for start-ups to help you along the way. Keep a separate business and personal… Continue reading Great Accounting Business Tips for Start-up’s
As Perth and Australia re-opens many families are looking offshore for growth and many families and the businesses they own are looking to relocate to Australia. And the international tax implications of when you change tax residency, generate income offshore (including through a foreign pension) or move capital into Australia from overseas has huge ramifications… Continue reading Dealing with the ATO When You Earn Income from Overseas
Tax law contains penalty taxes if you put more than a set limit into your superannuation. And one of those exceptions to the excess non-concessional contributions tax triggering is if you make a downsizer super contribution. Using the DownSizer Super Contribution tax exemption effectively and strategically will allow somebody to increase their SMSF balance. With… Continue reading Using the Tax System Downsizer Super Contribution to Maximise Your Super Fund
Human resources is a deep and complex area. It ranges from engaging team culture to HR compliance with a range of Fairwork, tax, super and compliance obligations. And while the use of cloud accounting programs like Xero payroll, together with add-on programs like EmploymentHero and KeyPay are spectacular we still see a range of common… Continue reading 5 HR Rules that Might Surprise You
