Tax.
Tax is an ever-present issue in the modern business world and Australia has one of the most complicated tax codes globally.
Making business decisions ignorant of the relevant tax laws is a good way of getting in the bad books of the Australian Tax Office (ATO).
For the most part, tax law is usually seen as the province of your accountant. However, accountants are primarily responsible for preparing your annual tax return and taking care of your regular compliance obligations. Not every accountant specialises in providing tax advise on the numerous grey areas in our tax code which aren’t part of the routine tax reporting process.
Your Legal HQ is one of the few tax law practices in Perth. We regularly provide researched tax opinions on discrete transactions including the small business capital gains tax (CGT) concessions.
Our role is to navigate the grey areas in the tax code and advise you and your accountant on what will need to be reported in your tax return. In more contentious scenarios, this may include applying for a Private Binding Ruling with the ATO so that you have certainty about the tax implications.
Entity Structuring.
We provide strategic advice on business structuring and restructures for asset protection and tax minimisation. Our legal experts assess your unique circumstances, offering tailored solutions for financial optimisation, compliance, and operational efficiency. Trust us to guide you through the complexities, ensuring a seamless and strategic business transformation
Payroll Tax.
Our dedicated team meticulously navigates the ever-changing tax regulations, ensuring your payroll tax obligations are met with precision and efficiency. Trust us to optimise your tax strategies, minimising liabilities and maximising your financial resources for sustainable growth.
Small Business Tax Concessions.
Small business concessions are a set of provisions designed to provide tax relief for small businesses when they dispose of certain assets. These concessions aim to reduce the capital gains tax liability or exempt capital gains entirely for eligible small business owners. Eligibility criteria typically include requirements related to business size, asset ownership, and the duration of ownership, offering financial benefits to qualifying small businesses during asset disposal transactions.
Capital Gains Tax.
Our expert team tailors strategic solutions to minimise CGT liabilities, ensuring you retain more of your investment returns. Trust us to provide comprehensive guidance, optimising your tax position and facilitating informed decisions for capital transactions.
Land Tax.
Our expert team is dedicated to optimising your land holdings, providing strategic advice to minimise tax liabilities and ensure compliance with WA legislation. Trust us to streamline your Land Tax matters, safeguarding your investments and maximising returns in the ever-evolving landscape of state property taxation.
Family Law Settlement Tax.
Our expert team offers comprehensive support, navigating the intricate tax implications of property division to optimise outcomes for all parties involved. Trust us to provide tailored solutions that prioritise your financial well-being and streamline the complexities of property settlements in the context of divorce, seperation and division on business assets.
Superannuation Tax.
Maximize your retirement savings with the expertise of our specialized tax law firm, adept at navigating Superannuation Tax intricacies for both public funds and Self-Managed Superannuation Funds (SMSFs). Our dedicated team ensures compliance with regulations while strategically optimising tax outcomes, safeguarding your financial future.
Div7A Company Loans.
Whether cleaning up existing arrangements or planning a phased exit, our expert team ensures compliance with tax laws, mitigates risks, and designs tailored solutions for a seamless transition. Trust us to navigate the intricacies of Div7A, providing personalised guidance that optimises your financial position while ensuring regulatory compliance.
