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ATO announces Short Cut method to claim working-from-home deductions

This article describes the range of expenses that employees can claim while working from home. The information provided is designed to help you track working-from-home expenses in preparation for your 2019/20 tax return.

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$1,500 JobKeeper subsidy to keep staff employed

The Federal Government has announced a further round of measures to encourage businesses to retain employees throughout the Coronavirus crisis.

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Government announcements regarding superannuation and pensions

On 22 March 2020, the Government announced a further package of relief measures to assist individuals and businesses in mitigating the negative economic impacts of the Coronavirus pandemic.

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The Second $66.1 bn Stimulus Package: What You Need To Know

The Government yesterday released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow support of up to $100,000 for small business..

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Government Assistance Announcement: The implications for your business

Prime Minister Scott Morrison recently announced a suite of measures aimed at stimulating the economy, following the World Health Organisation's declaration of the Coronavirus COVID-19 as a pandemic.

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WLM's Response to Coronavirus COVID 19

The Coronavirus pandemic and the measures to slow its transmission are evolving rapidly. First priority is the safety and wellbeing of our employees, clients and the broader community. The following is a summary of WLM’s operating procedures amidst..

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Coronavirus: State Government Tax Relief for SMEs

The New South Wales, Queensland and Western Australian State Governments have recently introduced a limited range of tax relief measures. The packages are intended to assist small-to-medium-sized businesses during the current period of economic..

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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.

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Thinking of developing a property? Unexpected costs & how to avoid them

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.

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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. 

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