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.
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 procedure…
Three 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 downturn as a result of the Coron…
When you first start a business, often the only person prepared to lend to you is yourself. It is, therefore tempting to loan money from the business to fund your personal expenses. Any loan from a private company to a shareholder of …
Business partner conflicts are commonplace. The critical thing is how they are managed to a satisfactory resolution.
The ATO is data matching with information from 30 insurers to support the profiling of selected taxpayers. They are targeting lifestyle assets that have not been disclosed in tax returns over the last five years.
In November 2019, a judgement was made in favour of the ATO by the Administrative Appeals Tribunal of Australia in the case of Reid and the Commissioner of Taxation. It reinforced the importance of ensuring that expense claims are substanti…
On 12 December 2019, a law change means non-residents can no longer claim the CGT main residence exemption unless, when a CGT event happens to their residential property in Australia, you were a foreign residen…
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.
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.