Australians love property and the lure of a 15% preferential tax rate on income during the accumulation phase, and potentially no tax during retirement, is a strong incentive for many SMSF trustees to dream of large returns from property devel…
The personal income tax cuts legislated to commence on 1 July 2024 will be realigned and redistributed under a proposal released by the Federal Government.
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 structure…
Uncertainty has reigned over the last few years, but can we expect more consistency as we head into 2024? We explore some of the key issues and influences.
As we approach the end of another eventful year, I wanted to take a moment on behalf of WLM Financial to express our gratitude for your continued trust and partnership. It has been a year marked by both challenges and opportunities, and we are…
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 ti…
Workers are owed over $3.6 billion in superannuation guarantee according to the latest Australian Taxation Office estimates – a figure the Government and the regulators are looking to dramatically change.
This year’s budget contained a suite of measures to clamp down on tax minimisation. There were also several other policy initiatives regarding security and immigration.
This article summarises the significant changes.
The $4.2bn surplus, the first in 15 years, stole most of the headlines in this year’s Federal Budget. However, there is a range of implications of importance for individuals, families and investors.
This article provides a budget overvi…
The ‘ace in the hole’ of the 2023-24 Federal Budget was the $4.2bn surplus; the first in 15 years. But there’s also a range of changes and implications for business.
This article provides an overview of the budget for business owners and lea…