We all get bombarded with information from every source possible and frankly, it's too much. Even if you haven't already flicked it into spam you probably don't have time to read it. We call it Information Overload. So, on this page we've selected big picture news items we think are relevant and of interest to our clients.
WLM is excited to be able to offer clients an innovative bookkeeping service called Xilch.
The Government has released the 2013-14 Mid-year Economic and Fiscal Outlook (MYEFO), which includes, among other changes, clarification on 92 tax and superannuation measures that were announced, but not legislated, by the previous Labor Government.
Objective based investing is an alternative approach to investing other than using Risk Profiling and Strategic Asset Allocation (SAA).
2014 promises to be another year of great change. New Aged Care rules will be coming into force on 1 July, 2014.
Estate Planning is a complex issue. Sometimes individuals/couples want to have the flexibility to enable tax-effective and private inheritances outside normal Will and legal estate procedures. WLM is able to assist with some very meaningful Estate Planning for clients by using Insurance/Investment/Imputation Bonds (Bonds) as tools for specific purposes.
With tax time just around the corner, the ATO have advised that the number of email scams reported to them have tripled to almost 11,000, compared to the same quarter last year.
The directors of WLM would like to thank those who were able to attend our recent New Year cocktail party as well as those who helped make the evening possible.
The US government shutdown has entered its third week. This is not as dire as it sounds. Firstly, only the 36% of Federal spending classified as “discretionary” is affected; Social Security payments, for example, continue to be made. Secondly, while there hasn’t been a shutdown since the halcyon days of Bill Clinton in 1996, before that they were quite a common occurrence.
Getting into the habit of reviewing your financial requirement at the beginning of a new financial year makes sense. This will help to maximise investment returns and financial situations rather than reacting to minimising tax when time is running out. Here are some points to consider for the new financial year to help you along.
The case for broadening the range of investments held to include stocks listed offshore is compelling and prompts action.
WLM Financial Services Pty Limited
ABN 82 079 145 298 AFSL / ACL No 232512
Level 12, 84 Pitt Street, Sydney 2000 | GPO Box 5025, Sydney 2001
T 02 9221 7777 | F 02 9221 7900