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FBT for small business is probably the most cumbersome area of tax law. The reason for this is that it requires record keeping above and beyond the numbers reported in the accounting system and relies on staff keeping detailed records every time..

2022 has been another big year at WLM. It started with Covid still causing concern, resulting in the continuance of remote working and remote meetings. As the year progressed, things returned closer to normal, along with increased face-to-face..

Here is a summary of the key takeaways from a tax perspective of the 2020 Federal Budget announcement and what this means for businesses.

Now, more than ever, business operators should have a plan in place to manage during uncertain times. Even if your business is not directly impacted, it’s likely your customers, your supply chain, and your workforce will be to some extent.

From 28 September 2020, the second tranche of the JobKeeper scheme changes the eligibility tests for employers and employees, and the method and amount paid to eligible employees.

Following on from our JobKeeper 2.0 blog on 30 July 2020, on 7 August 2020, the Treasurer announced further changes to increase access to the scheme during the proposed extension period (i.e. 28 September 2020 to 28 March 2021), driven by the recent..

The second tranche of the JobKeeper scheme changes the eligibility test for employers and the method and amount paid to employees.

In these trying times, the NSW government is supporting small businesses in NSW with a couple of targeted grants, such as:

We always knew that a Government scheme swiftly distributing cash during a crisis was going to come with equally swift compliance and review measures, particularly when eligibility was self-assessed. Two major Australian Taxation Office (ATO)..

“…while it is all very well to talk of 'turning points', one can surely only recognise such moments in retrospect.” Kazuo Ishiguro, The Remains of the Day