The Flickr Westcourt Image Generatr

After a failure in the Adelaide Hills at Callington, ALF18 and CLP17 ran LE from the MPC to assist 2182 loaded grain train back to Adelaide resulting in this 7 loco lash up of CM3314,FQ04,CLP8,CLP14,ALF23,ALF18,CLP17 on the morning of 19-7-24. The photo was taken after the train had ran around at Bishops loop as Oyter Harbor could not take the train and the locos had to run around and take it to Dry Creek Nth yard

Traditionally, many family businesses in Perth structured their business through a trust, as tax reasons made trust the “go-to” tax vehicle. However, as tax law has changed and the tax advice given by Perth tax accountants evolves, operating a business through a trust is becoming increasingly difficult.

Know more: westcourt.com.au/tax-restructuring-away-from-a-trust/

Many small to medium-sized businesses across Perth have used bucket companies to save on tax with the help of their Perth tax accountant. However, the tax benefits and structuring of bucket companies require thought and planning, and they also have tax downsides that need thought and preparation.

Know more: westcourt.com.au/how-to-use-a-bucket-company-to-save-on-tax/

Receiving your annual land tax assessment is never welcome. Even with effective land tax planning strategies, the cost of land tax is a significant burden on families in businesses with substantial land holdings. And even if you can pass on land tax to your tenants, your customers and tenants carry the cost, which is reflected in the net rent they can pay to you.

Know more: westcourt.com.au/how-to-object-to-a-revenuewa-land-tax-as...

For most SMEs in Perth, Xero is the dominant cloud accounting package. Xero’s ease of use and functionality help Perth family business owners and their accountants gain control of their business and finances, making it a market leader.

However, Xero is not everything to all business owners. As a Perth SME grows, it has more demanding needs for financial + business accounting data, and Xero cannot cater to every unique need. This is where a great business accountant in Perth can help you.

Know more: westcourt.com.au/have-you-outgrown-xero-10-signs/

Residential property investments are a significant part of every business family’s portfolio in Perth. The recent tax changes in this sector have profoundly impacted how tax accountants structure the taxes for these families and manage their investment portfolios. Understanding these changes is crucial for every residential property investor in Perth.

Of course, many business families own and operate commercial properties in addition to their residential ones, including commercial property held in an SMSF, and some of these changes also apply to them.

Know more: westcourt.com.au/your-complete-list-of-new-tax-changes-fo...

Most property developers around Perth understand how the margin scheme can reduce the Goods and Services Tax liability when they sell a property. But the question many tax accountants around Perth is: “Do I pay GST on the sale of my property, and can the GST margin scheme help me lower the GST cost?”

Know more: westcourt.com.au/gst-and-the-margin-scheme/

Blenheim Palace, Oxfordshire Gate to the West Court

West Court, 28, Church Hill, Walthamstow, Waltham Forest, 1995, 95-02s-52

Many small to medium-sized businesses across Perth have used bucket companies to save on tax with the help of their Perth tax accountant. However, the tax benefits and structuring of bucket companies require thought and planning, and they also have tax downsides that need thought and preparation.

This blog will outline the tax saving strategies with a bucket company and explain how to set up a bucket company for a Perth business family.

Know more: westcourt.com.au/how-to-use-a-bucket-company-to-save-on-tax/

For the last few decades, many tax accountants around Perth have held the mantra that SMSFs are the “go-to” tax vehicle for family business owners. However, with a massive change in technology, taxation, legal and investment changes, the question remains—are SMSFs still worth it for family businesses in Perth, and where are SMSFs ever worth it for families in business?

Know more: westcourt.com.au/are-smsfs-better-for-families-in-business/

Receiving your annual land tax assessment is never welcome. Even with effective land tax planning strategies, the cost of land tax is a significant burden on families in businesses with substantial land holdings. And even if you can pass on land tax to your tenants, your customers and tenants carry the cost, which is reflected in the net rent they can pay to you.

However, you can object to a land tax assessment. RevenueWA can and does get it wrong, and there is a formal process for objecting to your land tax assessment.

Know more: www.westcourt.com.au/how-to-object-to-a-revenuewa-land-ta...

Traditionally, many family businesses in Perth structured their business through a trust, as tax reasons made trust the “go-to” tax vehicle. However, as tax law has changed and the tax advice given by Perth tax accountants evolves, operating a business through a trust is becoming increasingly difficult.

Know more: www.westcourt.com.au/tax-restructuring-away-from-a-trust/

Farming families control a significant asset and managing their tax liability is essential to maximizing the yield and value of the property.

To assist in identifying pertinent opportunities for discussion with your Perth tax consultant, we have compiled a list of tax regulations farmers should consider for tax planning this year.

Although some applicable tax benefits extend to business taxpayers at large, several tax concessions are exclusively accessible to farmers and agribusinesses.

Know more: www.westcourt.com.au/tax-strategies-for-farmers-and-pasto...

Sadly, almost every family business in Perth has asked their tax accountant – how is the tax treatment of my unfair dismissal payment treated?
Know more: www.westcourt.com.au/the-tax-impact-on-unfair-dismissal-c...

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.

Know more: www.westcourt.com.au/what-is-the-tax-effect-of-a-capital-...

View of the West Court from the roof.

View of the West Court from the roof.

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.

Know more: www.westcourt.com.au/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.

Know more: www.westcourt.com.au/13-key-points-when-selling-the-famil...