Westcourt

Structuring property to reduce Western Australian land tax costs

The cost of land tax is a commonly overlooked tax within Perth’s tax advisors. The common focus on the “big” taxes of income tax, main residence exemption, CGT, GST and the 50% CGT discount is a primary driver for many families structuring their investments. However as a family grows their property investment portfolio the land… Continue reading Structuring property to reduce Western Australian land tax costs

An employer’s guide to “stapled super”

The introduction of “stapled super” has been effective from 1 November 2021.  And many employers around the country – from Perth to Melbourne – are not yet fully across their new obligations.   What is stapled super? The government has now introduced “Stapled super” which is an attempt to stop employee’s holding multiple superannuation funds… Continue reading An employer’s guide to “stapled super”

Busting 7 crypto tax myths

With the explosion of interest in Crypto currencies; a lot of tax myths have been popping up around Perth about how crypto currencies are taxed.  So we will go through a few of them to get the tax facts straight. Buying crypto is a hobby The extension of this concept is that if crypto currency… Continue reading Busting 7 crypto tax myths

How a wealthy family can lose it all – 5 ways to mess it up

As advisors to families in business the protection of the family’s wealth is always on our mind.  And our combined experience as a specialist firm has shown us almost all of the ways a families wealth can be eroded quickly. The following are 5 ways your family wealth can be attacked. 1. Litigation Perth now… Continue reading How a wealthy family can lose it all – 5 ways to mess it up

13 bookkeeping mistakes in Xero

As family business accountants we absolutely love Xero.  The ability to automate low value tasks in bookkeeping and create clean data is a godsend to family business owners around Perth. Sadly Xero still requires a smart person to run it.  And we have seen a raft of bookkeeping errors within our client base.  So we… Continue reading 13 bookkeeping mistakes in Xero

What is a sophisticated investor?

As accountants, many successful families in business request us to issue them with a “sophisticated investor certificate”.  In fact it is commonplace for every wealthy (ish) business minded family. So why do you want to become a sophisticated investor? A retail investor has many protections and mandatory disclosure obligations.  These can include a prospectus, investigating… Continue reading What is a sophisticated investor?

10 Tips for entrepreneurs starting a business

When you start a business the initial phase is incredibly exciting. Sadly this excitement can quickly disappear into terror as the reality, loneliness and monotony of running a business really kicks in. As a business that started from nothing we understand how hard it can be – because we have done it as well.  These… Continue reading 10 Tips for entrepreneurs starting a business

Killer apps for managing a remote team

The need to manage a family business remotely has increased significantly with the pressure from Covid and travel limitations.  Thankfully, technology has also moved significantly in recent years to allow employees to work properly in remote settings and these are some of the apps that our own business uses and that of clients. Workflow Max… Continue reading Killer apps for managing a remote team

Structuring your affairs for stock market investing

The stock market is a significant investment source for many business-orientated families.  While the family business could have been a creator of wealth the stock market is seen by many as a great long-term store of wealth. While the decision to invest in the stock market – be it through an online platform, a stockbroker… Continue reading Structuring your affairs for stock market investing

Asset valuation guide for SMSFs

Many families in business use the unique tax benefits of SMSFs.  And this guide is to help SMSF trustees understand their obligations to getting a valuation. Getting a valuation If you are running a SMSF you have obligations as a trustee to do a range of tasks.  And while we effectively manage a lot of… Continue reading Asset valuation guide for SMSFs

Book a free consultation now

Book a free consultation now

Drop us a message and we’ll get back to you soon!

No, thank you. I do not want.
100% secure your website.
Powered by