How a Family Trust Can Offer Tax Benefits for Australian Families Ever wanted to know more about family trusts? Family trusts are a versatile financial tool for Australian families looking to manage wealth efficiently, secure assets, and reduce tax liabilities. These...
The Importance of Strategic Tax Planning Now for the Final Six Months of FY2025 Article by David Apps, Director, TSP Accountants & Business Advisors. Connect with David here on Linkedin As we enter the final six months of the 2024–2025 financial year, Australian...
Christmas is fast approaching, as well as the end of the calendar year. For many of us, this means rushing around to various functions and spending quality time with family. However, with all the distractions, it can be a time when we forget our tax obligations...
Meta Description: Discover the benefits of setting up a family trust, including tax advantages, wealth protection, and why consulting an accountant is essential in Australia. Family trusts are a crucial tool for protecting and distributing wealth within families in...
By Peter Woodford, Associate, TSP Accountants & Business Advisors Accountants vs Bookkeepers If you run a business in Newcastle or the surrounding areas, you know how important sound financial management is to your success. One of the cornerstones of financial...
The main residence exemption exempts your family home from capital gains tax (CGT) when you dispose of it. But, like all things involving tax, it’s never that simple. As the character of Darryl Kerrigan in The Castle said, “it’s not a house. It’s a home,” and the...
