Latest News

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.

Tuesday, December 04, 2012

Recently a number of clients have contacted WLM in regards to a tax refund being offered by the ATO. This is a scam and the Tax Office has had a warning about this on the website for over 5 years.

Tuesday, December 04, 2012

Generally, infrastructure assets are natural monopolies that provide an essential service to the community. Infrastructure assets offer investors protection from the impacts of inflation because their earnings generally have some direct linkage to inflation.  Over time the stable, reliable earnings of infrastructure assets are expected to lead to a combination of income and capital growth for investors.

Tuesday, December 04, 2012

Claim deductions on outdoor structures and save tax

Tuesday, October 02, 2012

The RBA announced their fifth rate cut in 12 months. A further official cash rate cut of 0.25% lowers the official rate to 3.25%p.a., the lowest in three years.

Monday, August 27, 2012

The ATO has introduced new measures on 7 August which are part of the suite of measures announced within the Stronger Super legislation.

Friday, August 03, 2012

History tells us that financial recessions take a lot longer to work through than normal recessions as the deleveraging occurring in both the private and public sectors reduces the effectiveness of traditional government stimulatory measures. Furthermore, governments need to re-establish confidence in the financial sector as risk aversion causes the velocity of money (lending) to reduce significantly.

Friday, August 03, 2012

From 1 July 2012, the Government is delivering tax cuts to low and middle-income individuals by increasing the tax-free threshold and adjusting the first two marginal tax rates over two phases.

Friday, August 03, 2012

Did you know that the tax deductible superannuation contributions cap of $50,000, including salary sacrifice amounts, if you are 50 or older have stopped on 30 June 2012?

Friday, August 03, 2012

The Government has deferred the start date from 1 July 2012 to 1 July 2013 for some of it’s Stronger Super reforms for SMSF’s  including the proposal to require related party transactions involving SMSF’s to be conducted through the market where one exists, such as listed securities.

Friday, August 03, 2012

From 1 July 2013 the following changes came into effect: