--- title: WLM Blog (26) 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 (26)" 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/26#!)** - [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) [![How to grow a business](https://insights.wlm.com.au/hubfs/Blog%20Featured%20Image%202000%20x%201046.business%20partners%20jpg.jpg)](https://insights.wlm.com.au/blog/how-to-overcome-business-partner-conflict-over-equitable-profit-sharing) ![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg) **Amanda Rogers** 27 February 2020 — 4 min read ### [How to overcome business partner conflict over equitable profit sharing](https://insights.wlm.com.au/blog/how-to-overcome-business-partner-conflict-over-equitable-profit-sharing) Business partner conflicts are commonplace. The critical thing is how they are managed to a satisfactory resolution. [Read more](https://insights.wlm.com.au/blog/how-to-overcome-business-partner-conflict-over-equitable-profit-sharing) [![ATO data matching on the lookout for lifestyle assets](https://insights.wlm.com.au/hubfs/Blog%20Featured%20Image%202000%20x%201046-4.jpg)](https://insights.wlm.com.au/blog/the-ato-is-on-the-lookout-for-lifestyle-assets) ![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg) **Amanda Rogers** 26 February 2020 — 1 min read ### [The ATO is on the lookout for ‘lifestyle’ assets](https://insights.wlm.com.au/blog/the-ato-is-on-the-lookout-for-lifestyle-assets) The ATO is data matching with information from 30 insurers to support the profiling of selected taxpayers. They are targeting lifestyle assets that have not been disclosed in tax returns over the last five years. [Read more](https://insights.wlm.com.au/blog/the-ato-is-on-the-lookout-for-lifestyle-assets) [![work related expenses](https://insights.wlm.com.au/hubfs/Blog%20Featured%20Image%202000%20x%201046.stressed%20office%20worker%20jpg.jpg)](https://insights.wlm.com.au/blog/increased_scrutiny_by_ato) ![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg) **Amanda Rogers** 31 January 2020 — 2 min read ### [Increased scrutiny by the ATO to substantiate expense claims](https://insights.wlm.com.au/blog/increased_scrutiny_by_ato) In November 2019, a judgement was made in favour of the ATO by the Administrative Appeals Tribunal of Australia in the[case of Reid and the Commissioner of Taxation](http://www.austlii.edu.au/cgi-bin/viewdoc/au/cases/cth/AATA/2019/4624.html). It reinforced the importance of ensuring that expense claims are substantiated and.. [Read more](https://insights.wlm.com.au/blog/increased_scrutiny_by_ato) [![Common investment traps](https://insights.wlm.com.au/hubfs/Blog%20Featured%20Image%202000%20x%201046-2.jpg)](https://insights.wlm.com.au/blog/common_investment_mistakes) **Financial Planner** 30 January 2020 — 2 min read ### [Many investors are guilty of committing these 3 investment mistakes](https://insights.wlm.com.au/blog/common_investment_mistakes) We have been in a bull market since the GFC (2008). Because of this prolonged cycle of bullish prosperity, many investors have become complacent in their investment strategy as they expect the traditional asset market (shares) to continue to go up... [Read more](https://insights.wlm.com.au/blog/common_investment_mistakes) [![CGT main residence exemption abolished](https://insights.wlm.com.au/hubfs/WLM_landtaxsocials.jpg)](https://insights.wlm.com.au/blog/main_residence_exemption_abolished) ![Dan McGrath](https://insights.wlm.com.au/hs-fs/hubfs/WLM-ingrid-photography--0039%20-%20Copy.jpg?width=400&height=250&name=WLM-ingrid-photography--0039%20-%20Copy.jpg) **Dan McGrath** 13 January 2020 — 6 min read ### [Main residence exemption abolished for non-residents and other tax issues to be aware of when moving overseas](https://insights.wlm.com.au/blog/main_residence_exemption_abolished) On 12 December 2019, a law change means non-residents can no longer claim the Capital Gains Tax (CGT) main residence exemption unless, when a CGT event happens to their residential property in Australia, you were a foreign resident for tax purposes.. [Read more](https://insights.wlm.com.au/blog/main_residence_exemption_abolished) [![Employer shortfall exemption certificate](https://insights.wlm.com.au/hubfs/WLM_GP_Blog.jpg)](https://insights.wlm.com.au/blog/employer_shortfall_exemption_certificate) ![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg) **Amanda Rogers** 19 December 2019 — 2 min read ### [Super guarantee opt-out for employees with multiple employers](https://insights.wlm.com.au/blog/employer_shortfall_exemption_certificate) Employees with multiple employers can now opt-out of the superannuation guarantee from all but one employer. Employers are required to pay 9.5% superannuation guarantee for all eligible employees. But what happens if you are an employee with.. [Read more](https://insights.wlm.com.au/blog/employer_shortfall_exemption_certificate) [![WLM Financial client portal](https://insights.wlm.com.au/hubfs/Untitled-1.jpg)](https://insights.wlm.com.au/blog/wlm-launches-new-client-portal) ![Dan McGrath](https://insights.wlm.com.au/hs-fs/hubfs/WLM-ingrid-photography--0039%20-%20Copy.jpg?width=400&height=250&name=WLM-ingrid-photography--0039%20-%20Copy.jpg) **Dan McGrath** 17 December 2019 — 2 min read ### [WLM Launches new client portal](https://insights.wlm.com.au/blog/wlm-launches-new-client-portal) We're delighted to announce WLM Financial have recently introduced a brand new client portal. We're very excited by the functionality our portal will give WLM and our clients to exchange information more safely and securely than via email. The basic.. [Read more](https://insights.wlm.com.au/blog/wlm-launches-new-client-portal) [![Capital gains tax investment property](https://insights.wlm.com.au/hubfs/PropDev_blog_newsletter.jpg)](https://insights.wlm.com.au/blog/capital_gains_tax) ![Dan McGrath](https://insights.wlm.com.au/hs-fs/hubfs/WLM-ingrid-photography--0039%20-%20Copy.jpg?width=400&height=250&name=WLM-ingrid-photography--0039%20-%20Copy.jpg) **Dan McGrath** 17 December 2019 — 3 min read ### [Thinking of developing a property? Unexpected costs & how to avoid them](https://insights.wlm.com.au/blog/capital_gains_tax) If you have a small property development project in mind, there are some essential factors to consider before purchasing that dream block. A range of taxes, duties and other unexpected costs can quickly add up. [Read more](https://insights.wlm.com.au/blog/capital_gains_tax) [![Advice](https://insights.wlm.com.au/hubfs/1.blog-post-LM.jpg%20-%20Paint-2.png)](https://insights.wlm.com.au/blog/part-1-voices-of-experience-advice-legends-tell-their-stories) **Financial Planner** 29 November 2019 — 1 min read ### [\[Part 1\] Voices of experience: Advice legends tell their stories](https://insights.wlm.com.au/blog/part-1-voices-of-experience-advice-legends-tell-their-stories) The voices of individuals who have built businesses, who have lived through market crashes and recoveries, and who have the context of history to guide them into the future have never been as valuable. [Read more](https://insights.wlm.com.au/blog/part-1-voices-of-experience-advice-legends-tell-their-stories) [![Discretionary trust](https://insights.wlm.com.au/hubfs/WLM_Discretionaytrust_blog.jpg)](https://insights.wlm.com.au/blog/important-update-on-discretionary-trusts) ![Dan McGrath](https://insights.wlm.com.au/hs-fs/hubfs/WLM-ingrid-photography--0039%20-%20Copy.jpg?width=400&height=250&name=WLM-ingrid-photography--0039%20-%20Copy.jpg) **Dan McGrath** 28 November 2019 — 1 min read ### [Important update on discretionary trusts](https://insights.wlm.com.au/blog/important-update-on-discretionary-trusts) The NSW government recently introduced a bill whereby **virtually all discretionary trusts** may be deemed to be foreign trusts, regardless of whether they have any foreign connection or not.  [Read more](https://insights.wlm.com.au/blog/important-update-on-discretionary-trusts) [1](https://insights.wlm.com.au/blog/page/1) [...](https://insights.wlm.com.au/blog/page/21) [24](https://insights.wlm.com.au/blog/page/24) [25](https://insights.wlm.com.au/blog/page/25) [26](https://insights.wlm.com.au/blog/page/26) [27](https://insights.wlm.com.au/blog/page/27) [28](https://insights.wlm.com.au/blog/page/28) [...](https://insights.wlm.com.au/blog/page/29) [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/).