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
Navigating the ever-changing terrain of the Australian tax landscape is daunting, but when it comes to GST or Goods and Services Tax, your expert tax consultants in Perth can make it a breeze. The GST is a significant facet of the Australian taxation system, impacting both domestic and offshore transactions. This blog aims to highlight… Continue reading Navigating GST with Offshore Purchases and Sales
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 with… Continue reading An employer’s guide to “stapled super”
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
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
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
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
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
The unique Australian tax advantages of superannuation are well known. And a key component of the tax benefits is dependent on the age of the person retiring and the amount of money a person retires on. This focus on the single member of a superannuation fund directly compares to how a family in business will… Continue reading The Tax Benefits of Superannuation Splitting
