--- title: WLM Blog | 23/24 Financial Year description: 23/24 Financial Year | More than a blog, this page is where we release our latest market insights, case studies and other timely content. Check back often.   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/tag/23-24-financial-year/page/1#!)** - [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) [![$20k instant asset write-off passes Parliament](https://insights.wlm.com.au/hubfs/$20k%20instant%20asset%20write-off%20passes%20Parliament-1.png)](https://insights.wlm.com.au/blog/20k_instant_asset_write_off) ![Charley Tarchichi](https://insights.wlm.com.au/hs-fs/hubfs/WLM-ingrid-photography--0107-1.jpg?width=400&height=250&name=WLM-ingrid-photography--0107-1.jpg) **Charley Tarchichi** 15 July 2024 — 1 min read ### [$20k instant asset write-off passes Parliament](https://insights.wlm.com.au/blog/20k_instant_asset_write_off) Legislation increasing the instant asset write-off threshold from $1,000 to $20,000 for the 2024 income year passed Parliament just 5 days prior to the end of the financial year. [Read more](https://insights.wlm.com.au/blog/20k_instant_asset_write_off) [![ATO fires warning shot on trust distributions](https://insights.wlm.com.au/hubfs/ATO%20fires%20warning%20shot%20on%20trust%20distributions.png)](https://insights.wlm.com.au/blog/ato-fires-warning-shot-on-trust-distributions) ![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg) **Amanda Rogers** 11 June 2024 — 3 min read ### [ATO fires warning shot on trust distributions](https://insights.wlm.com.au/blog/ato-fires-warning-shot-on-trust-distributions) The ATO has warned that it is looking closely at how trusts distribute income and to who. [Read more](https://insights.wlm.com.au/blog/ato-fires-warning-shot-on-trust-distributions) [![The essential 30 June 2024 guide - For businesses](https://insights.wlm.com.au/hubfs/The%20essential%2030%20June%202024%20guide%20-%20For%20businesses.png)](https://insights.wlm.com.au/blog/the-essential-30-june-2024-guide-for-businesses) ![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg) **Amanda Rogers** 06 June 2024 — 3 min read ### [The essential 30 June 2024 guide - For businesses](https://insights.wlm.com.au/blog/the-essential-30-june-2024-guide-for-businesses) **The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scrutiny and the opportunities to maximise your deductions.** [Read more](https://insights.wlm.com.au/blog/the-essential-30-june-2024-guide-for-businesses) [![The essential 30 June 2024 guide - For individuals](https://insights.wlm.com.au/hubfs/The%20essential%2030%20June%202024%20guide%20-%20For%20individuals.png)](https://insights.wlm.com.au/blog/the-essential-30-june-2024-guide-for-individuals) ![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg) **Amanda Rogers** 06 June 2024 — 7 min read ### [The essential 30 June 2024 guide - For individuals](https://insights.wlm.com.au/blog/the-essential-30-june-2024-guide-for-individuals) **The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scrutiny and the opportunities to maximise your deductions.** [Read more](https://insights.wlm.com.au/blog/the-essential-30-june-2024-guide-for-individuals) [![2024 Minimise your personal Tax](https://insights.wlm.com.au/hubfs/MINIMISE%20YOUR%20PERSONAL%20TAX.png)](https://insights.wlm.com.au/blog/minimise-your-personal-tax-2024-tax-planning-guide-0) ![Charley Tarchichi](https://insights.wlm.com.au/hs-fs/hubfs/WLM-ingrid-photography--0107-1.jpg?width=400&height=250&name=WLM-ingrid-photography--0107-1.jpg) **Charley Tarchichi** 10 April 2024 — 7 min read ### [Minimise your personal tax: 2024 tax planning guide](https://insights.wlm.com.au/blog/minimise-your-personal-tax-2024-tax-planning-guide-0) Now's the time to review what strategies you can use to minimise your tax before 30 June 2024.  [Read more](https://insights.wlm.com.au/blog/minimise-your-personal-tax-2024-tax-planning-guide-0) [![Guide to Business Tax Planning 2024](https://insights.wlm.com.au/hubfs/2024%20Business%20Tax%20Planning%20Guide.png)](https://insights.wlm.com.au/blog/2024_business_tax_planning_guide) ![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg) **Amanda Rogers** 09 April 2024 — 8 min read ### [Guide to Business Tax Planning 2024](https://insights.wlm.com.au/blog/2024_business_tax_planning_guide) Imagine what you could do with tax saved?  [Read more](https://insights.wlm.com.au/blog/2024_business_tax_planning_guide) [![electric car fbt](https://insights.wlm.com.au/hubfs/Electric%20vehicles%20FBT.png)](https://insights.wlm.com.au/blog/electric_vehicles_fbt) ![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** 19 March 2024 — 3 min read ### [Electric vehicles causing sparks](https://insights.wlm.com.au/blog/electric_vehicles_fbt) The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas regarding electric vehicles that are likely to attract the ATO’s attention.    [Read more](https://insights.wlm.com.au/blog/electric_vehicles_fbt) [![How to take advantage of the 1 July super cap increase](https://insights.wlm.com.au/hubfs/How%20to%20take%20%20advantage%20of%20the%20%201%20July%20super%20cap%20increase-1.png)](https://insights.wlm.com.au/blog/how_to_take_advantage_of_the_super_cap_increase) **Financial Planner** 18 March 2024 — 5 min read ### [How to take advantage of the 1 July super cap increase](https://insights.wlm.com.au/blog/how_to_take_advantage_of_the_super_cap_increase) From 1 July 2024, the amount you can contribute to super will increase. We show you how to take advantage of the change.  [Read more](https://insights.wlm.com.au/blog/how_to_take_advantage_of_the_super_cap_increase) [![Getting back what you put in: Loans to get a business started ](https://insights.wlm.com.au/hubfs/Getting%20back%20what%20you%20put%20in%20%20Loans%20to%20get%20a%20business%20started%20.png)](https://insights.wlm.com.au/blog/loans_to_get_a_business_started) ![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg) **Amanda Rogers** 14 March 2024 — 2 min read ### [Getting back what you put in: Loans to get a business started](https://insights.wlm.com.au/blog/loans_to_get_a_business_started) It’s not uncommon for business owners to pour their money into a business to get it up and running and to sustain it until it can survive on its own. A recent case highlights the dangers of taking money out of a company without carefully considering.. [Read more](https://insights.wlm.com.au/blog/loans_to_get_a_business_started) [![Can my SMSF invest in property development?](https://insights.wlm.com.au/hubfs/Can%20my%20SMSF%20invest%20in%20property%20development.png)](https://insights.wlm.com.au/blog/can-my-smsf-invest-in-property-development) **Financial Planner** 22 February 2024 — 4 min read ### [Can my SMSF invest in property development?](https://insights.wlm.com.au/blog/can-my-smsf-invest-in-property-development) **Australians love property and the lure of a 15% preferential tax rate on income during the accumulation phase, and potentially no tax during retirement, is a strong incentive for many SMSF trustees to dream of large returns from property..** [Read more](https://insights.wlm.com.au/blog/can-my-smsf-invest-in-property-development) [1](https://insights.wlm.com.au/blog/tag/23-24-financial-year/page/1) [2](https://insights.wlm.com.au/blog/tag/23-24-financial-year/page/2) ### 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. 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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/).