--- title: WLM Blog (11) description: "More than a blog, this page is where we release our latest market insights, case studies and other timely content. Check back often.  \n (11)" image: https://insights.wlm.com.au/hubfs/WLM%20Accounting%20Blog.jpg --- [![WLM\_Logo\_RGB\_Orn50](https://insights.wlm.com.au/hs-fs/hubfs/WLM_Logo_RGB_Orn50.png?width=521&height=169&name=WLM_Logo_RGB_Orn50.png "WLM_Logo_RGB_Orn50")](http://wlm.com.au/) - [About](https://www.wlm.com.au/about/) - [Services](https://www.wlm.com.au/services/) - [Tax & Compliance](https://www.wlm.com.au/services/tax-and-compliance/) - [Strategy & Advice](https://www.wlm.com.au/services/strategy-and-advice/) - [Clients](https://www.wlm.com.au/clients/) - [Construction & Trades](https://www.wlm.com.au/clients/construction/) - [Family Business](https://www.wlm.com.au/clients/family-business/) - [Insurance & Financial Services](https://www.wlm.com.au/clients/insurance-and-financial-services/) - [Renewable Energy & Environment](https://www.wlm.com.au/clients/renewable-energy-and-environment/) - [Service-based & Other Business](https://www.wlm.com.au/clients/service-based-and-other-business/) - [Insights & Case Studies](https://insights.wlm.com.au/blog) - [Blog](https://insights.wlm.com.au/blog) - [Buying a property with a business partner](https://explore.wlm.com.au/buying_a_property_with_a_business_partner_download) - [How to minimise tax & risk with business structure](https://explore.wlm.com.au/business-structure-whitepaper-download) - [Contact](https://www.wlm.com.au/contact/) [Login](https://clientlogin-us2.karbonhq.com/4Frhz6cPZq6r) - [About](https://www.wlm.com.au/about/) - [Services](https://www.wlm.com.au/services/) - [Tax & Compliance](https://www.wlm.com.au/services/tax-and-compliance/) - [Strategy & Advice](https://www.wlm.com.au/services/strategy-and-advice/) - [Clients](https://www.wlm.com.au/clients/) - [Construction & Trades](https://www.wlm.com.au/clients/construction/) - [Family Business](https://www.wlm.com.au/clients/family-business/) - [Insurance & Financial Services](https://www.wlm.com.au/clients/insurance-and-financial-services/) - [Renewable Energy & Environment](https://www.wlm.com.au/clients/renewable-energy-and-environment/) - [Service-based & Other Business](https://www.wlm.com.au/clients/service-based-and-other-business/) - [Insights & Case Studies](https://insights.wlm.com.au/blog) - [Blog](https://insights.wlm.com.au/blog) - [Buying a property with a business partner](https://explore.wlm.com.au/buying_a_property_with_a_business_partner_download) - [How to minimise tax & risk with business structure](https://explore.wlm.com.au/business-structure-whitepaper-download) - [Contact](https://www.wlm.com.au/contact/) # News, views and more More than a blog, this page is where we release our latest market insights, case studies and other timely content. Check back often. ### Most Recent **[Categories](https://insights.wlm.com.au/blog/page/11#!)** - [Accounting](https://insights.wlm.com.au/blog/tag/accounting) - [Business Owners](https://insights.wlm.com.au/blog/tag/business-owners) - [Australian Taxation Laws](https://insights.wlm.com.au/blog/tag/australian-taxation-laws) - [Financial Planning](https://insights.wlm.com.au/blog/tag/financial-planning) - [Tax Planning](https://insights.wlm.com.au/blog/tag/tax-planning) - [ATO](https://insights.wlm.com.au/blog/tag/ato) - [Superannuation](https://insights.wlm.com.au/blog/tag/superannuation) - [Professionals](https://insights.wlm.com.au/blog/tag/professionals) - [Home Owners & Investors](https://insights.wlm.com.au/blog/tag/home-owners-investors) - [Family Business](https://insights.wlm.com.au/blog/tag/family-business) - [25/26 Financial Year](https://insights.wlm.com.au/blog/tag/25-26-financial-year) - [Self Managed Super Funds](https://insights.wlm.com.au/blog/tag/self-managed-super-funds) - [Renewable Energy & Environment](https://insights.wlm.com.au/blog/tag/renewable-energy-environment) - [23/24 Financial Year](https://insights.wlm.com.au/blog/tag/23-24-financial-year) - [Construction](https://insights.wlm.com.au/blog/tag/construction) - [Trusts](https://insights.wlm.com.au/blog/tag/trusts) - [24/25 Financial Year](https://insights.wlm.com.au/blog/tag/24-25-financial-year) - [Case Studies](https://insights.wlm.com.au/blog/tag/case-studies) - [Insurance Underwriting](https://insights.wlm.com.au/blog/tag/insurance-underwriting) - [Personal Income Tax](https://insights.wlm.com.au/blog/tag/personal-income-tax) - [Payroll Tax](https://insights.wlm.com.au/blog/tag/payroll-tax) - [WLM News](https://insights.wlm.com.au/blog/tag/wlm-news) - [22/23 Financial Year](https://insights.wlm.com.au/blog/tag/22-23-financial-year) - [26/27 Financial Year](https://insights.wlm.com.au/blog/tag/26-27-financial-year) [![](https://insights.wlm.com.au/hubfs/iStock-1164533893-1-1.jpeg)](https://insights.wlm.com.au/blog/20k-deduction-for-electrifying-your-business) ![James Coles](https://insights.wlm.com.au/hs-fs/hubfs/WLM-ingrid-photography--0292-1.jpg?width=400&height=250&name=WLM-ingrid-photography--0292-1.jpg) **James Coles** 30 October 2023 — 3 min read ### [$20k deduction for ‘electrifying’ your business](https://insights.wlm.com.au/blog/20k-deduction-for-electrifying-your-business) Electricity is the new black. Gas and other fossil fuels are out. A new, limited incentive nudges business towards energy efficiency. We show you how to maximise the deduction! [Read more](https://insights.wlm.com.au/blog/20k-deduction-for-electrifying-your-business) [![Airbnb Tax](https://insights.wlm.com.au/hubfs/iStock-1402924724-1.jpg)](https://insights.wlm.com.au/blog/the-airbnb-tax) ![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg) **Amanda Rogers** 29 October 2023 — 3 min read ### [The ‘Airbnb’ Tax](https://insights.wlm.com.au/blog/the-airbnb-tax) Property investors who choose to utilise their property for short-term stays (or leave it vacant) are firmly in the sights of the regulators. [Read more](https://insights.wlm.com.au/blog/the-airbnb-tax) [![](https://insights.wlm.com.au/hubfs/Early%20inheritance%201200px.jpg)](https://insights.wlm.com.au/blog/case-study-an-early-inheritance-strategy) **Financial Planner** 29 October 2023 — 2 min read ### [Case Study: An Early Inheritance Strategy](https://insights.wlm.com.au/blog/case-study-an-early-inheritance-strategy) As part of WLM's financial planning philosophy, we sit with clients and tailor our advice to their individual goals. Part of this process is to work out their cashflow needs to live comfortably in retirement and how much they need as an asset base.. [Read more](https://insights.wlm.com.au/blog/case-study-an-early-inheritance-strategy) [![Billiuon Dollar TikTok tax scandal ](https://insights.wlm.com.au/hubfs/TikTok.jpeg)](https://insights.wlm.com.au/blog/the-billion-dollar-tiktok-scandal) ![James Coles](https://insights.wlm.com.au/hs-fs/hubfs/WLM-ingrid-photography--0292-1.jpg?width=400&height=250&name=WLM-ingrid-photography--0292-1.jpg) **James Coles** 26 September 2023 — 4 min read ### [The Billion Dollar TikTok Tax Scandal](https://insights.wlm.com.au/blog/the-billion-dollar-tiktok-scandal) $1.7 billion paid out in fraudulent refunds, another $2.7bn in fraudulent claims stopped, around 56,000 alleged perpetrators and over 100 arrests to date. How did the TikTok tax scandal get out of control? "Everyone else got refunds, it's OK, it's.. [Read more](https://insights.wlm.com.au/blog/the-billion-dollar-tiktok-scandal) [![Intergenerational wealth transfer](https://insights.wlm.com.au/hubfs/Inetrgenerational%20wealth%201200px.jpg.jpg)](https://insights.wlm.com.au/blog/intergenerational-wealth-transfer-tips-tricks) **Financial Planner** 26 September 2023 — 2 min read ### [Intergenerational Wealth Transfer Tips & Tricks](https://insights.wlm.com.au/blog/intergenerational-wealth-transfer-tips-tricks) Intergenerational wealth transfer is the process of passing assets, wealth, and financial resources from one generation to the next, typically from parents or grandparents to their children or grandchildren. Effective financial planning for.. [Read more](https://insights.wlm.com.au/blog/intergenerational-wealth-transfer-tips-tricks) [![Contracts](https://insights.wlm.com.au/hubfs/Contracts%20payroll%20%20Medical.jpg)](https://insights.wlm.com.au/blog/relevant-contracts-the-payroll-tax-dilemma-and-medical-practices) ![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg) **Amanda Rogers** 26 September 2023 — 3 min read ### [Relevant Contracts, the Payroll Tax Dilemma and Medical Practices](https://insights.wlm.com.au/blog/relevant-contracts-the-payroll-tax-dilemma-and-medical-practices) In August 2023, the NSW State Revenue Office ruled that GPs working under fee-for-service arrangements would be employees for the purposes of payroll tax (i.e. relevant contracts), and the Victorian office issued a near-identical ruling at the same.. [Read more](https://insights.wlm.com.au/blog/relevant-contracts-the-payroll-tax-dilemma-and-medical-practices) [![Estate Planning](https://insights.wlm.com.au/hubfs/Estate%20Planning.jpg)](https://insights.wlm.com.au/blog/make-sure-you-have-your-business-will-in-place) **Financial Planner** 23 August 2023 — 2 min read ### [Make sure you have your business will in place](https://insights.wlm.com.au/blog/make-sure-you-have-your-business-will-in-place) Over the last few months, WLM has held a lot of Annual General Meeting (AGM’s) with our business clients. The purpose of the AGM is to get the client, WLM accountant and financial planner in the same room to review business cashflow and.. [Read more](https://insights.wlm.com.au/blog/make-sure-you-have-your-business-will-in-place) [![Subdivision tax implications](https://insights.wlm.com.au/hubfs/Subdivision.jpg)](https://insights.wlm.com.au/blog/thinking-of-subdividing-the-tax-implications-of-small-scale-subdivisions) ![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg) **Amanda Rogers** 21 August 2023 — 5 min read ### [Thinking of subdividing? The tax implications and pitfalls of small-scale subdivisions](https://insights.wlm.com.au/blog/thinking-of-subdividing-the-tax-implications-of-small-scale-subdivisions) You’ve got a block of land that’s perfect for a subdivision. The details have all been worked out with Council, the builders, and the bank. But, one important aspect has been left out: the tax implications. Many small-scale developers often assume.. [Read more](https://insights.wlm.com.au/blog/thinking-of-subdividing-the-tax-implications-of-small-scale-subdivisions) [![Succession: Who's next?](https://insights.wlm.com.au/hubfs/Succession.jpg)](https://insights.wlm.com.au/blog/succession-what-does-it-take-to-hand-your-business-to-the-next-generation) ![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg) **Amanda Rogers** 21 August 2023 — 4 min read ### [Succession: What does it take to hand your business to the next generation?](https://insights.wlm.com.au/blog/succession-what-does-it-take-to-hand-your-business-to-the-next-generation) What is the end game for your business? Succession is not just a topic for a TV series or billionaire families, it’s about successfully transitioning your business and maximising its capital value for you, the owners. [Read more](https://insights.wlm.com.au/blog/succession-what-does-it-take-to-hand-your-business-to-the-next-generation) [![](https://insights.wlm.com.au/hubfs/A%20super%20way%20to%20save%20tax%201200px%5B2%5D.jpg)](https://insights.wlm.com.au/blog/a-super-way-to-save-tax) **Financial Planner** 27 July 2023 — 2 min read ### [A SUPER way to save tax](https://insights.wlm.com.au/blog/a-super-way-to-save-tax) I hope you all had a prosperous 2023 Financial Year. At WLM, we spent a lot of time with our clients working on strategies to save tax in the lead up to 30th June. [Read more](https://insights.wlm.com.au/blog/a-super-way-to-save-tax) [1](https://insights.wlm.com.au/blog/page/1) [...](https://insights.wlm.com.au/blog/page/6) [9](https://insights.wlm.com.au/blog/page/9) [10](https://insights.wlm.com.au/blog/page/10) [11](https://insights.wlm.com.au/blog/page/11) [12](https://insights.wlm.com.au/blog/page/12) [13](https://insights.wlm.com.au/blog/page/13) [...](https://insights.wlm.com.au/blog/page/16) [29](https://insights.wlm.com.au/blog/page/29) ### Free Resources - [Whitepaper: How to minimise tax & risk with business structure](https://explore.wlm.com.au/business-structure-whitepaper-download) - [Whitepaper: Buying a property with a business partner](https://explore.wlm.com.au/buying_a_property_with_a_business_partner_download) - [E-Guide: 7 financial mistakes of builders and tradies](https://explore.wlm.com.au/financial-mistakes-of-builders-and-tradies) - [E-Guide: Tax and accounting considerations for setting up an insurance underwriting agency in Australia](https://explore.wlm.com.au/tax-and-accounting-considerations-for-setting-up-an-insurance-underwriting-agency-in-australia) - [A guide to the Federal Budget 2025 - 26](https://explore.wlm.com.au/a-guide-to-the-federal-budget-2025-26) - [EOFY Tax Planning Webinar](https://youtu.be/xhf7yafx8YE?si=TuqCM5eEtWPP91lg) - [EOFY business checklist](https://explore.wlm.com.au/your-business-end-of-financial-year-checklist) ### Blog Categories - [Accounting (169)](https://insights.wlm.com.au/blog/tag/accounting) - [Business Owners (143)](https://insights.wlm.com.au/blog/tag/business-owners) - [Australian Taxation Laws (126)](https://insights.wlm.com.au/blog/tag/australian-taxation-laws) - [Financial Planning (88)](https://insights.wlm.com.au/blog/tag/financial-planning) - [Tax Planning (76)](https://insights.wlm.com.au/blog/tag/tax-planning) - [ATO (56)](https://insights.wlm.com.au/blog/tag/ato) - [Superannuation (54)](https://insights.wlm.com.au/blog/tag/superannuation) - [Professionals (40)](https://insights.wlm.com.au/blog/tag/professionals) - [Home Owners & Investors (34)](https://insights.wlm.com.au/blog/tag/home-owners-investors) - [Family Business (30)](https://insights.wlm.com.au/blog/tag/family-business) - [25/26 Financial Year (25)](https://insights.wlm.com.au/blog/tag/25-26-financial-year) - [Self Managed Super Funds (23)](https://insights.wlm.com.au/blog/tag/self-managed-super-funds) - [Renewable Energy & Environment (20)](https://insights.wlm.com.au/blog/tag/renewable-energy-environment) - [23/24 Financial Year (18)](https://insights.wlm.com.au/blog/tag/23-24-financial-year) - [Construction (18)](https://insights.wlm.com.au/blog/tag/construction) - [Trusts (18)](https://insights.wlm.com.au/blog/tag/trusts) - [24/25 Financial Year (17)](https://insights.wlm.com.au/blog/tag/24-25-financial-year) - [Case Studies (17)](https://insights.wlm.com.au/blog/tag/case-studies) - [Insurance Underwriting (16)](https://insights.wlm.com.au/blog/tag/insurance-underwriting) - [Personal Income Tax (13)](https://insights.wlm.com.au/blog/tag/personal-income-tax) - [Payroll Tax (9)](https://insights.wlm.com.au/blog/tag/payroll-tax) - [WLM News (9)](https://insights.wlm.com.au/blog/tag/wlm-news) - [22/23 Financial Year (8)](https://insights.wlm.com.au/blog/tag/22-23-financial-year) - [26/27 Financial Year (8)](https://insights.wlm.com.au/blog/tag/26-27-financial-year) ## Subscribe Stay up to date with tax and accounting news, and subscribe to our newsletter. [![WLM\_Logo\_RGB\_Orn50](https://insights.wlm.com.au/hs-fs/hubfs/WLM_Logo_RGB_Orn50.png?width=195&height=63&name=WLM_Logo_RGB_Orn50.png)](http://wlm.com.au/) ###### Contact WLM Financial Services Pty Limited Level 20, 56 Pitt Street, Sydney NSW 2000 GPO Box 5025, Sydney NSW 2001 **T** [02 9221 7777](tel:292217777) ###### Social - - - - - [TAX & COMPLIANCE](https://www.wlm.com.au/services/tax-and-compliance/) - [Business Tax](https://www.wlm.com.au/services/tax-and-compliance/business-tax/) - [Company Secretarial](https://www.wlm.com.au/services/tax-and-compliance/company-secretarial/) - [Self-managed Super Funds](https://www.wlm.com.au/services/tax-and-compliance/self-managed-super-funds/) - [Personal Taxes](https://www.wlm.com.au/services/tax-and-compliance/personal-taxes/) - [Back-Office services](https://www.wlm.com.au/services/tax-and-compliance/back-office-services/) - [AFSL Accounting](https://www.wlm.com.au/services/tax-and-compliance/afsl-accounting/) - [STRATEGY & ADVICE](https://www.wlm.com.au/services/strategy-and-advice/) - [Business Systems](https://www.wlm.com.au/services/strategy-and-advice/business-systems/) - [Outsourced CFO](https://www.wlm.com.au/services/strategy-and-advice/outsourced-cfo/) - [Business Sales](https://www.wlm.com.au/services/strategy-and-advice/business-sales/) - [International Business](https://www.wlm.com.au/services/strategy-and-advice/international-business/) - [Our Trusted Advisor Network](https://www.wlm.com.au/services/strategy-and-advice/trusted-advisor-network/) - [CLIENTS](https://www.wlm.com.au/clients/) - [Construction & Trades](https://www.wlm.com.au/clients/construction/) - [Family Business](https://www.wlm.com.au/clients/family-business/) - [Insurance Underwriting, Insurance Brokers & Financial Services](https://www.wlm.com.au/clients/insurance-and-financial-services/) - [Renewable Energy Projects & Asset Managers](https://www.wlm.com.au/clients/renewable-energy-and-environment/) - [Service-based and Other Business](https://www.wlm.com.au/clients/service-based-and-other-business/) - [OTHER](http://wlm.com.au/about/) - [Resources](https://insights.wlm.com.au/blog) - [About](http://wlm.com.au/about/) - [Careers](https://explore.wlm.com.au/careers) - [Contact](https://www.wlm.com.au/contact/) - [Login](https://clientlogin-us2.karbonhq.com/4Frhz6cPZq6r/Identity/Account/Login?token=) - [Privacy Policy](http://wlm.com.au/privacy-policy/) ###### [Insights](https://insights.wlm.com.au/blog) ###### Legal Notices The information contained in the WLM website, has been prepared from a wide variety of sources, which WLM, to the best of its knowledge and belief, considers accurate. WLM does not however warrant the accuracy of the information and forecasts possibly contained in the WLM website. No visitor to the site should rely upon the information and/or recommendations contained in the WLM website. WLM strongly recommends that all prospective purchasers of securities should make their own inquiries and seek professional advice before acting on any of the information contained in the WLM website. Should you wish to seek advice, please feel welcome to [contact us](http://wlm.advisclient.com.au/contact/).