---
title: WLM Blog | Business Owners (9)
description: "Business Owners | More than a blog, this page is where we release our latest market insights, case studies and other timely content. Check back often.  \n (9)"
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/business-owners/page/9#!)**

- [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)
- [Renewable Energy & Environment](https://insights.wlm.com.au/blog/tag/renewable-energy-environment)
- [Self Managed Super Funds](https://insights.wlm.com.au/blog/tag/self-managed-super-funds)
- [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)

[![](https://insights.wlm.com.au/hubfs/Social%20(LkdI%2c%20FB%2c%20Twtr)%201200%20x%20628-11.png)](https://insights.wlm.com.au/blog/tax-planning-checklist-for-businesses-individuals-and-retirees-what-to-watch-out-for-in-21/22)

![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg)

**Amanda Rogers**

 27 April 2022 —  2 min read

### [Tax planning checklist for Businesses, Individuals and Retirees – what to watch out for in 21/22](https://insights.wlm.com.au/blog/tax-planning-checklist-for-businesses-individuals-and-retirees-what-to-watch-out-for-in-21/22)

### **Business Taxpayers**

Business taxpayers will need to prepare for the new year as well as the current year.

Prepare for the following:

[Read more](https://insights.wlm.com.au/blog/tax-planning-checklist-for-businesses-individuals-and-retirees-what-to-watch-out-for-in-21/22)

[![Tax Planning End of Financial Year 2022](https://insights.wlm.com.au/hubfs/Tax%20Planning%202022%201200px.jpg)](https://insights.wlm.com.au/blog/who-needs-tax-planning-in-2022)

![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg)

**Amanda Rogers**

 27 April 2022 —  4 min read

### [Why Family Trusts need tax planning in 2022?](https://insights.wlm.com.au/blog/who-needs-tax-planning-in-2022)

All those with family trusts need to do some tax planning and, at a bare minimum, review the cash distributions and prepare a Resolution before 30 June 2022.

[Read more](https://insights.wlm.com.au/blog/who-needs-tax-planning-in-2022)

[![Xero is retiring fetch from its Hubdoc technology](https://insights.wlm.com.au/hubfs/Xero%20Fetch%20Direct%20Connection%201200px.jpg)](https://insights.wlm.com.au/blog/changes-to-hubdoc-fetch-and-supplier-invoices)

![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg)

**Amanda Rogers**

 26 April 2022 —  1 min read

### [Changes to Hubdoc Fetch and Supplier Invoices](https://insights.wlm.com.au/blog/changes-to-hubdoc-fetch-and-supplier-invoices)

WLM encourages our business clients to use cloud-based tools to automate the capture of supplier invoices and bank transactions. If you are not currently using a tool to do this, please talk to us so we can assist you.

[Read more](https://insights.wlm.com.au/blog/changes-to-hubdoc-fetch-and-supplier-invoices)

[![Budget update and impacts 2022 - 2023](https://insights.wlm.com.au/hubfs/Blog%20Featured%20Image%202000%20x%201046-Mar-30-2022-05-58-50-69-AM.jpg)](https://insights.wlm.com.au/blog/the-digitisation-budget-2022-23)

![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg)

**Amanda Rogers**

 31 March 2022 —  12 min read

### [The Digitisation Budget 2022-23](https://insights.wlm.com.au/blog/the-digitisation-budget-2022-23)

This is a safe, ballot box friendly Budget, as expected, focusing on jobs, cost of living, homeownership, and health.

Key initiatives include:

- A 6 month, 50% reduction in fuel excise with effect from midnight Budget night
- A $420 cost of living tax..

[Read more](https://insights.wlm.com.au/blog/the-digitisation-budget-2022-23)

[![Instant asset write-off tex deductions extended until June 2023](https://insights.wlm.com.au/hubfs/Instant%20Asset%20Write-off%201200px.jpg)](https://insights.wlm.com.au/blog/instant-asset-write-off-extended)

![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg)

**Amanda Rogers**

 11 March 2022 —  1 min read

### [Instant asset write-off extended](https://insights.wlm.com.au/blog/instant-asset-write-off-extended)

Temporary full expensing (in the first year of use) enables your business to fully expense the cost of:

- new depreciable assets
- improvements to existing eligible assets, and
- second-hand assets

[Read more](https://insights.wlm.com.au/blog/instant-asset-write-off-extended)

[![The ATO released new guidance that targets how family trusts distribute income](https://insights.wlm.com.au/hubfs/ATO%20Attack%20on%20trusts%201200px.jpg)](https://insights.wlm.com.au/blog/the-atos-attack-on-trusts-and-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 March 2022 —  6 min read

### [The ATO’s Attack on Trusts and Trust Distributions](https://insights.wlm.com.au/blog/the-atos-attack-on-trusts-and-trust-distributions)

**Late last month, the Australian Taxation Office (ATO) released a package of new guidance material that directly targets how trusts distribute income. Many family groups will pay higher taxes (now and potentially retrospectively) as a result of the..**

[Read more](https://insights.wlm.com.au/blog/the-atos-attack-on-trusts-and-trust-distributions)

[![](https://insights.wlm.com.au/hubfs/Rat%20Test%201200px.png)](https://insights.wlm.com.au/blog/pcr-and-rat-tests-to-be-tax-deductible-fbt-free)

![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg)

**Amanda Rogers**

 22 February 2022 —  1 min read

### [PCR and RAT tests to be tax deductible, FBT free](https://insights.wlm.com.au/blog/pcr-and-rat-tests-to-be-tax-deductible-fbt-free)

The Treasurer has announced that PCR and rapid antigen tests (RAT) will be tax deductible for individuals and exempt from fringe benefits tax (FBT) for employers if purchased for work purposes.

[Read more](https://insights.wlm.com.au/blog/pcr-and-rat-tests-to-be-tax-deductible-fbt-free)

[![New ATO guidance for Professional Firms](https://insights.wlm.com.au/hubfs/UntitleProfessional%20Firms%20Tax%20Guidance%201200px.jpg)](https://insights.wlm.com.au/blog/engineering-medical-legal-and-other-professional-firms-new-ato-guidance-for-allocation-of-profits)

![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg)

**Amanda Rogers**

 28 January 2022 —  6 min read

### [Engineering, Medical, Legal. New ATO guidance for Professional Firms](https://insights.wlm.com.au/blog/engineering-medical-legal-and-other-professional-firms-new-ato-guidance-for-allocation-of-profits)

The ATO has finalised its guidance on the Allocation of Professional Firm Profits (or commonly known as income splitting) that will apply from 1 July 2022.

[Read more](https://insights.wlm.com.au/blog/engineering-medical-legal-and-other-professional-firms-new-ato-guidance-for-allocation-of-profits)

[![Top Christmas Tax Questions](https://insights.wlm.com.au/hubfs/Christmas%20Gestures%201200px.jpg)](https://insights.wlm.com.au/blog/the-top-christmas-tax-questions)

![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg)

**Amanda Rogers**

 20 December 2021 —  4 min read

### [The top Christmas tax questions](https://insights.wlm.com.au/blog/the-top-christmas-tax-questions)

**Every year, we are asked about the tax impact of various Christmas or holiday related gestures. Here are our top tips.**

[Read more](https://insights.wlm.com.au/blog/the-top-christmas-tax-questions)

[![Director ID](https://insights.wlm.com.au/hubfs/Director%20ID%20Blog.jpg)](https://insights.wlm.com.au/blog/how-to-set-up-your-director-id)

![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg)

**Amanda Rogers**

 19 November 2021 —  7 min read

### [How to set up your Director ID](https://insights.wlm.com.au/blog/how-to-set-up-your-director-id)

**Directors are now required to register for a unique identification number that they will keep for life.**

[Read more](https://insights.wlm.com.au/blog/how-to-set-up-your-director-id)

<https://insights.wlm.com.au/blog/tag/business-owners/page/8> [1](https://insights.wlm.com.au/blog/tag/business-owners/page/1) [...](https://insights.wlm.com.au/blog/tag/business-owners/page/4) [7](https://insights.wlm.com.au/blog/tag/business-owners/page/7) [8](https://insights.wlm.com.au/blog/tag/business-owners/page/8) [9](https://insights.wlm.com.au/blog/tag/business-owners/page/9) [10](https://insights.wlm.com.au/blog/tag/business-owners/page/10) [11](https://insights.wlm.com.au/blog/tag/business-owners/page/11) [...](https://insights.wlm.com.au/blog/tag/business-owners/page/14) [15](https://insights.wlm.com.au/blog/tag/business-owners/page/15) <https://insights.wlm.com.au/blog/tag/business-owners/page/10>

### 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 (166)](https://insights.wlm.com.au/blog/tag/accounting)
- [Business Owners (143)](https://insights.wlm.com.au/blog/tag/business-owners)
- [Australian Taxation Laws (123)](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 (53)](https://insights.wlm.com.au/blog/tag/ato)
- [Superannuation (51)](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 (22)](https://insights.wlm.com.au/blog/tag/25-26-financial-year)
- [Renewable Energy & Environment (20)](https://insights.wlm.com.au/blog/tag/renewable-energy-environment)
- [Self Managed Super Funds (20)](https://insights.wlm.com.au/blog/tag/self-managed-super-funds)
- [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 (5)](https://insights.wlm.com.au/blog/tag/26-27-financial-year)

## Subscribe

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###### Contact

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GPO Box 5025, Sydney NSW 2001

**T** [02 9221 7777](tel:292217777)

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- [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/)
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###### [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/).