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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..
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..
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.
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..
You've been looking for a business to buy for a while now, and you have noticed - since the pandemic - that more business owners are eager to sell. Perhaps you are getting a sense that this economic turmoil is ripe with opportunities for the..
It’s a sad but unavoidable fact: one day we are all going to die. You will most likely have clear ideas about how you would like your hard-earned wealth – your ‘estate’ – to be divided amongst your loved ones or other beneficiaries. However, estate..
In December 2020, Reserve Bank of Australia (RBA) Governor, Philip Lowe, issued a statement that the official cash rate is likely to remain at 0.1% until 2024, the lowest cash rate in Australian history. With a cash rate of almost zero for the next..
Today's unprecedented market conditions have heightened investor uncertainty. Newspapers are reporting on fears of rising inflation, following a downward trend over the last three decades. Furthermore, central banks suggest that record-low interest..
