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.

Wednesday, April 06, 2016

 As year end is rapidly approaching, we encourage you to contact our office to arrange a meeting to discuss tax planning matters.   

Sunday, April 03, 2016

Do you need a speaker for your club or group event?

The Directors of WLM are experienced speakers who can provide specialist information on a number of different topics including:

  • The right structures for establishing and growing your business
  • Wealth accumulation and/or wealth preservation – what you need to consider for each strategy
  • It’s never too early to plan for your retirement
  • Personal insurance and risk planning for growing families
  • Cloud accounting for small businesses – what the future holds
  • Business Planning and Balanced Scorecard
  • Self-managed super funds – everything you wanted to know
  • Your journey through an 8-step financial planning program

Please contact Geoff Walker, Laura Menschik, Matthew Walker, Sean McGowan, Dan McGrath or Amanda Rogers on 02 9221 7777 for more information or to book a speaker for your next event or meeting.

Friday, February 26, 2016

The ASX has advised that the settlement period for Australian Share market trades will be shortened by one day. Settlements of trade will be required to occur two business days after the day a trade takes place (currently three days). This settlement period will be called T+2 (trade date plus 2 business days). The change to T+2 settlement is proposed to take place for trades conducted on or after Monday, 7 March 2016.

Friday, February 26, 2016

There is an old Hotel/Pub in Marble Arch, London, which used to have a gallows adjacent to it. Prisoners  were taken to the gallows (after a fair trial of course) to be hanged. 

The horse-drawn dray, carting the prisoner, was accompanied by an armed guard. The guard would stop the dray outside the pub and ask the prisoner if he would like ''ONE LAST DRINK''. 

If the prisoner said YES, it was referred to as ONE FOR THE ROAD.

If the prisoner declined, he/she was ON THE WAGON.

Friday, February 26, 2016

From 1 April 2016 all salary packaged meal entertainment and entertainment facility leasing expenses (EFLE) benefits: 

  • will be reportable and must be included on an employee’s payment summary;
  • cannot have their taxable value calculated using the elective valuation rules such as 50-50 split and 12 week register methods;
  • are subject to a separate single grossed up cap of $5,000;
  • exceeding the $5,000 grossed-up cap will be counted towards an employee’s existing FBT exemption or rebate cap.
Friday, February 26, 2016

From 1 July 2015 methods for calculating motor vehicle expenses have been reduced to 2 methods; Logbook and Cents per KM methods. 

Friday, February 26, 2016

There have been 2 changes in regards to HECS recently.

Friday, February 26, 2016

From 1 July 2016, the process for applying for registration as a company under the Corporations Act and applying to be registered in the Australian Business Register (ABR) under the Australian Business Number (ABN) Act will be linked.

A company registered before 1 July 2016 will be able to continue to use its ACN (Australian Company Number) and will not require to apply for an ABN if it doesn’t need to have one.

Friday, February 26, 2016

Termination and recruitment can be complex and costly for Employers. Employers who employ more than 15 employees can be subject to unfair dismissal claims. Small business employers with less than 15 employees still need to comply with the Fair Dismissal Code. Do seek advice when terminating employees as there are various matters to consider, for example:

Friday, February 26, 2016

 “If it could be shown, without a shadow of a doubt, that financial advice improves happiness, health and even personal relationships, would it change the way we judge the role of financial planning?”

This is the question at the heart of new research released today by IOOF, “The True Value of Advice” (the Research), which takes a deep dive into the emotional benefits of financial advice.