When you operate through a company, paying yourself is not simply a matter of transferring money out. The path you choose can affect your accounting, taxation obligations and overall business strategy. By Symmetry Accounting & Tax Pty Ltd If you run your business through a company, taking money out is not as simple as moving funds from the business account to your personal account. A company is a separate legal and tax entity, so the way you pay yourself matters. Get it right

When a ‘win’ raises questions — are your finances backed by the right records?  🎲 Gambling Winnings Tax Australia: A Practical Guide for Everyday Taxpayers Understanding gambling winnings tax Australia can feel confusing, especially when the rules seem unclear. Many people assume that gambling income is always tax-free—but that’s not always the case. A recent tax decision highlighted just how risky that assumption can be. In this article, Symmetry Accounting & Tax Pty Ltd br

EV or petrol? The right salary packaging strategy could put thousands back in your pocket—smart taxation starts with smarter choices Introduction to Salary Sacrificing in Australia If you’ve ever wondered whether salary sacrificing a car is worth it, you’re not alone. With rising vehicle costs and evolving tax rules, more Australians - especially in Perth, WA - are turning to smarter financial strategies to reduce their tax burden. One of the most common questions we hear at

Smart business growth starts with clarity, not crystal balls — supported by strategic accounting, taxation, SMSF and business advisory services in Perth, WA. For many business owners, growth feels like success on paper but pressure in real life. Revenue increases, opportunities multiply, and the business becomes more dynamic — yet decision-making often becomes harder, not easier. That is where business forecasting becomes invaluable. At Symmetry Accounting & Tax Pty Ltd, we s

Strategic company structuring matters. The right share class arrangement can influence control, flexibility and long-term business outcomes. When people think about company ownership, they often assume every share is identical. In practice, that is rarely the case. A company can issue shares that carry different rights, different priorities, and different commercial outcomes. Those differences form what is known as a share class. For business owners, investors, and advisers,

As global mobility grows, understanding cross-border taxation, residency rules and international financial obligations becomes increasingly important for individuals with overseas income, assets or business interests. Australian Tax for Non-Residents: A Practical Guide to Taxation, CGT and Super Planning By Symmetry Accounting & Tax Pty Ltd When an individual becomes a non-resident for Australian tax purposes, their taxation position can change dramatically. The rules no long

A termination handled poorly can become costly. Learn the difference between unfair dismissal and general protections, and how good record-keeping and accounting controls support smarter decisions across taxation and wider business advisory. You terminate an employee for underperformance. Within weeks, you’re served with an unfair dismissal claim - then a general protections claim relating to the same termination. Suddenly you’re dealing with two processes, two sets of risks,

Perth tradies protecting profit with smarter accounting and taxation planning—plus practical business advisory as jobs scale. Crossing the $200,000 revenue mark is a milestone many tradies aim for—more work, better projects, and stronger cash coming through the door. But here’s what often surprises business owners in the trades: once your income climbs, the financial side of the business becomes more complex, more time-consuming, and more exposed to ATO scrutiny. For many Per

Crossing uncertainty with confidence — strategic accounting, taxation, SMSF planning and business advisory ensure your trust remains secure even during trustee incapacity. Trusts are powerful structures used in accounting and taxation planning, asset protection, estate structuring, SMSF management, and broader business advisory strategies. However, one area that is often overlooked is what happens if a trustee becomes incapacitated. If a trustee loses the ability to make deci

Plan a confident retirement with an SMSF - supported by strategic accounting, taxation and business advisory guidance from Symmetry Accounting & Tax Pty Ltd.  More Australians are choosing to take an active role in their superannuation - and Self-Managed Super Funds (SMSFs) are a major reason why. An SMSF can offer greater transparency and flexibility than many traditional super funds, but it also comes with serious trustee responsibilities and ongoing compliance requirements

A unit trust is built on strong foundations: clear ownership, compliant documentation, and smart taxation planning—Symmetry Accounting & Tax Pty Ltd. A unit trust is one of Australia’s most commonly used structures for property investing, joint ventures, and situations where multiple parties want clear, measurable ownership. Done well, it can be a very effective way to hold assets, manage distributions, and achieve a transparent, tax-aligned outcome. But unit trusts aren’t “s

Shocked by unexpected BAS late lodgment penalties? Symmetry Accounting & Tax Pty Ltd helps businesses manage ATO deadlines, taxation compliance, and cash flow. Falling behind on your Business Activity Statement (BAS) can feel like a small delay that quickly turns into a bigger problem—especially once Australian Taxation Office (ATO) penalties and interest start stacking up. The impact isn’t just administrative: late lodgements can squeeze cash flow, create stress, and distrac

Hidden risks can surface fast—Perth business owners should review asset protection, accounting and taxation strategies with Symmetry Accounting & Tax. When you’re starting a business, one of the first pieces of “good advice” you’ll hear is: set up a proprietary limited company (Pty Ltd) to reduce personal exposure if something goes wrong. That’s often a sensible starting point. But here’s the catch: liability limitation is not the same thing as asset protection. If you’re bui

Sole Trader Business Losses - What You Can Claim and When Business losses are common - especially in the early stages of a venture or when trading conditions tighten. But for Australian sole traders (and partners in a partnership), the tax treatment of those losses isn’t always straightforward. Under the ATO’s non-commercial loss rules, you may not be able to use a business loss to reduce your tax bill straight away - even if the loss is genuine and your accounting records a

Accounting and business advisory experts from Symmetry Accounting & Tax Pty Ltd analysing how strong business fundamentals influence long-term share prices By Symmetry Accounting & Tax Pty Ltd. Understanding the Relationship Between Share Prices and Business Performance Daily fluctuations in share prices can easily grab investors’ attention, but the real story lies in the long-term picture. Over time, share prices tend to mirror the health and performance of the underlying bu

Leasing commercial property comes with key GST and BAS responsibilities. Proper accounting and tax planning help ensure compliance and support better business outcomes By Symmetry Accounting & Tax Pty Ltd Owning and leasing commercial property can be a rewarding investment, but it also comes with important GST and BAS responsibilities. Unlike residential landlords, commercial property owners are often required to manage GST on rent and related outgoings. Staying compliant not

Expert tax and accounting guidance helps Australian property developers turn plans into profitable, compliant projects. Property...

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At Symmetry Accounting & Tax Pty Ltd, we often see well-intentioned estate plans that miss a crucial detail—how superannuation is handled...

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Joining the board of a family-run business might seem like a natural next step—an honourable way to give back, stay connected, or carry...

Running a family business isn’t just about profit—it’s about people. Your business structure shapes everything from day-to-day operations...

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Many business owners are surprised to learn they may be legally required to make superannuation contributions for individuals who aren't...

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A solid tax strategy is vital for businesses of all sizes. Whether you're running a small enterprise or overseeing a larger organisation,...

As more Australians prioritise saving for retirement, superannuation has become an increasingly significant part of family wealth. But...

When starting a business, selecting the most suitable structure isn’t just about following a set of rules - it’s a balance of strategic...

Expanding a business is an exciting journey, but it also comes with its set of challenges. As your company’s revenue grows and your...

Tax planning is a vital aspect of managing any business. By implementing the right strategies, you can lower your tax obligations,...

As individuals approach retirement, they often seek financial guidance to ensure their wealth is optimised for the future. Financial...

When managing your superannuation with a Self-Managed Super Fund (SMSF), you have the flexibility to take charge of your retirement...

The reality that many small businesses fail serves as a clear reminder of the challenges and risks involved in entrepreneurship. While...

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Selling your business is a significant decision that requires careful consideration. Below are nine crucial questions you should ask...

With the increasing popularity of short-term rental platforms such as Airbnb and Stayz, more Australians are using vacation properties as...

For rental property owners in Perth, it is more crucial than ever to ensure that your tax claims are accurate and fully compliant. With...