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More than a blog, this page is where we release our latest market insights, case studies and other timely content. Check back often.

Tips for reducing FBT on meal entertainment

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..

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$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!

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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..

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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.

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The 120% technology and skills ‘boost’ deduction

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.

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Important FBT matters 2023

The Fringe Benefits Tax (FBT) year ends on 31 March. We've outlined the hot spots for employers and employees.

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Can you prevent a hack?

In the wake of the Optus data leak, legislation before Parliament will lift the maximum fine for serious or repeated breaches of the Privacy Act from $2.2m to up to $50m. But there are no guarantees that even the strongest safety measures will..

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How should an accountant help you when buying a business?

Let's say a couple of business opportunities have presented themselves - and it's time to talk to your Accountant. But when is it the right time to engage an Accountant - and what can you expect? 

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FBT-free Electric Cars

New legislation before Parliament, if enacted, will make zero or low emission vehicles FBT-free. We explore who can access the concession and how.

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What changed on 1 July?

A reminder of what changed on 1 July 2022

Several changes to superannuation and taxation came into effect on 1 July. There are implications that every business and individual needs to be aware of. Here's a neat checklist to keep you informed.

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