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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..
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..
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.
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.
The 120% skills and training, and technology costs deduction for small and medium businesses have passed Parliament. We’ll show you how to maximise your deductions.
Employers and business
- Superannuation guarantee increases to 11% from 10.5%
- National and Award minimum wage increases take effect.
- The minimum salary that must be paid to a sponsored employee - the Temporary Skilled Migration Income Threshold -..
As we come to the end of the 2023 financial year, I hope you have all had a successful year. It is never too early to look at the year ahead and set financial goals. When setting your financial goals, it’s important to make them “SMART”: Specific,..
It’s that time of year when we all look at what last minute things we can do to maximise tax savings.
Bring forward the purchase of assets
If there are large assets your business needs to buy (or upgrade), you have until 30 June 2023 to use the temporary full expensing rules. These rules enable businesses with an aggregated turnover of up to $5bn..
This year's budget contained a suite of measures to clamp down on tax minimisation. There were also several other policy initiatives regarding security and immigration.
This article summarises the significant changes.
