--- title: WLM Blog | Family Business (3) description: "Family Business | More than a blog, this page is where we release our latest market insights, case studies and other timely content. Check back often.  \n (3)" 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/family-business/page/3#!)** - [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) [![Vehicle FBT Compliance: ATO's Crackdown on Private Use](https://insights.wlm.com.au/hubfs/Vehicle%20FBT.png)](https://insights.wlm.com.au/blog/vehicle-fbt-compliance-atos-crackdown-on-private-use) ![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** 07 April 2025 — 2 min read ### [Vehicle FBT Compliance: ATO's Crackdown on Private Use](https://insights.wlm.com.au/blog/vehicle-fbt-compliance-atos-crackdown-on-private-use) Are you an employer with a fleet of vehicles on your books? If so, the ATO has a targeted crackdown on these vehicles being used for private purposes. [Read more](https://insights.wlm.com.au/blog/vehicle-fbt-compliance-atos-crackdown-on-private-use) [![FBT for employees and contractors - what you need to know](https://insights.wlm.com.au/hubfs/FBT%20for%20employees%20and%20contractors%20-%20what%20you%20need%20to%20know.png)](https://insights.wlm.com.au/blog/fbt-for-employees-and-contractors) ![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** 12 March 2025 — 5 min read ### [FBT for employees and contractors - what you need to know](https://insights.wlm.com.au/blog/fbt-for-employees-and-contractors) **The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and contractors.** [Read more](https://insights.wlm.com.au/blog/fbt-for-employees-and-contractors) [![Why the ATO is targeting babyboomer wealth](https://insights.wlm.com.au/hubfs/Why%20the%20ATO%20is%20targeting%20babyboomer%20wealth.png)](https://insights.wlm.com.au/blog/why-the-ato-is-targeting-babyboomer-wealth) ![Dan McGrath](https://insights.wlm.com.au/hs-fs/hubfs/WLM-ingrid-photography--0039%20-%20Copy.jpg?width=400&height=250&name=WLM-ingrid-photography--0039%20-%20Copy.jpg) **Dan McGrath** 19 February 2025 — 3 min read ### [Why the ATO is targeting babyboomer wealth](https://insights.wlm.com.au/blog/why-the-ato-is-targeting-babyboomer-wealth) The Australian Taxation Office (ATO) thinks that wealthy babyboomer Australians, particularly those with successful family-controlled businesses, are planning and structuring to dispose of assets in a way in which the tax outcomes might not be in.. [Read more](https://insights.wlm.com.au/blog/why-the-ato-is-targeting-babyboomer-wealth) [![what makes or breaks christmas](https://insights.wlm.com.au/hubfs/What%20makes%20or%20breaks%20Christmas%20(1).png)](https://insights.wlm.com.au/blog/what-makes-or-breaks-christmas) ![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg) **Amanda Rogers** 15 November 2024 — 4 min read ### [What makes or breaks Christmas?](https://insights.wlm.com.au/blog/what-makes-or-breaks-christmas) **The cost of living has eased over the past year but consumers are still under pressure. For business, planning is the key to managing Christmas volatility.** [Read more](https://insights.wlm.com.au/blog/what-makes-or-breaks-christmas) [![](https://insights.wlm.com.au/hubfs/Employee%20Shares%20vs.%20Employees%20Purchasing%20Equity%20in%20an%20Insurance%20Underwriting%20Business.png)](https://insights.wlm.com.au/blog/employee-shares-vs.-purchasing-equity-for-australian-businesses) ![Dan McGrath](https://insights.wlm.com.au/hs-fs/hubfs/WLM-ingrid-photography--0039%20-%20Copy.jpg?width=400&height=250&name=WLM-ingrid-photography--0039%20-%20Copy.jpg) **Dan McGrath** 17 October 2024 — 5 min read ### [Employee shares vs. purchasing equity for Australian businesses](https://insights.wlm.com.au/blog/employee-shares-vs.-purchasing-equity-for-australian-businesses) One of the key issues facing Australian businesses is attracting and retaining talented staff. While some businesses offer generous additional superannuation, health insurance, and life insurance benefits, it is becoming increasingly popular to.. [Read more](https://insights.wlm.com.au/blog/employee-shares-vs.-purchasing-equity-for-australian-businesses) [![top 10 tips for business structuring](https://insights.wlm.com.au/hubfs/Top%2010%20tips%20for%20business%20structuring.png)](https://insights.wlm.com.au/blog/top_10_tips_for_business_structuring) ![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 2024 — 2 min read ### [10 key tips for business structuring](https://insights.wlm.com.au/blog/top_10_tips_for_business_structuring) Many professionals and businesses look to save tax and minimise risk by setting up companies and family trusts. Generally, the more complex your structure, the more tax you may save but there are pitfalls in creating overly complex structures. Here.. [Read more](https://insights.wlm.com.au/blog/top_10_tips_for_business_structuring) [![Contracts](https://insights.wlm.com.au/hubfs/Contracts%20payroll%20%20Medical.jpg)](https://insights.wlm.com.au/blog/relevant-contracts-the-payroll-tax-dilemma-and-medical-practices) ![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg) **Amanda Rogers** 26 September 2023 — 3 min read ### [Relevant Contracts, the Payroll Tax Dilemma and Medical Practices](https://insights.wlm.com.au/blog/relevant-contracts-the-payroll-tax-dilemma-and-medical-practices) In August 2023, the NSW State Revenue Office ruled that GPs working under fee-for-service arrangements would be employees for the purposes of payroll tax (i.e. relevant contracts), and the Victorian office issued a near-identical ruling at the same.. [Read more](https://insights.wlm.com.au/blog/relevant-contracts-the-payroll-tax-dilemma-and-medical-practices) [![GP practices under microscope](https://insights.wlm.com.au/hubfs/Medical%20contror%20agreements%20ATO%201200px.jpg)](https://insights.wlm.com.au/blog/contractors-and-payroll-tax-medical-practices-under-the-microscope) ![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg) **Amanda Rogers** 13 February 2023 — 4 min read ### [Contractors and Payroll Tax: Medical Practices under the Microscope](https://insights.wlm.com.au/blog/contractors-and-payroll-tax-medical-practices-under-the-microscope) A recent case, Thomas and Naaz, has brought medical practice service agreements under the microscope.  [Read more](https://insights.wlm.com.au/blog/contractors-and-payroll-tax-medical-practices-under-the-microscope) [![Financial Forecasting](https://insights.wlm.com.au/hubfs/Blog%20Featured%20Image%202000%20x%201046.jpg%20Medical.jpg)](https://insights.wlm.com.au/blog/financial_forecasting) **Financial Planner** 20 August 2019 — 1 min read ### [How a Sydney medical practice flourished after doing the numbers](https://insights.wlm.com.au/blog/financial_forecasting) We have much expertise working with health and medical practitioners, one being a successful physiotherapy practice in Sydney’s eastern suburbs. The owners were keen to expand and had the opportunity to lease a second premises next door. First,.. [Read more](https://insights.wlm.com.au/blog/financial_forecasting) [![family business owner](https://insights.wlm.com.au/hubfs/Blog%20Photo.png)](https://insights.wlm.com.au/blog/best-accounting-software) ![Amanda Rogers](https://insights.wlm.com.au/hs-fs/hubfs/AR%20headshot.jpg?width=400&height=250&name=AR%20headshot.jpg) **Amanda Rogers** 20 August 2019 — 2 min read ### ["First holiday in years” – Digitising a family business delivers lifestyle windfall](https://insights.wlm.com.au/blog/best-accounting-software) In this case study we explore how implementing the right systems to streamline and automate their manual processes created much needed capacity for these family business owners, allowing them to take a well earned holiday! [Read more](https://insights.wlm.com.au/blog/best-accounting-software) [1](https://insights.wlm.com.au/blog/tag/family-business/page/1) [2](https://insights.wlm.com.au/blog/tag/family-business/page/2) [3](https://insights.wlm.com.au/blog/tag/family-business/page/3) ### 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/).