WLM Financial Services Pty Limited was formed in May 2005 following the amalgamation of three long-term successful businesses, Walker Laanemaa Chartered Accounting (Geoff Walker), Millennium Financial Services (Laura Menschik) and Danebury Financial Service (Matthew Walker). 

The Senate agreed to continue the 50% superannuation co-contribution for low income earners, but only until 30th June 2017. The maximum government contribution will remain at $500 for individuals earning up to $49,488 per annum in the 2014/2015 financial year, based on a contribution of $1,000 for the year.

WLM’s mission is to make your life easier and give you confidence and trust in your finances so you can spend more time growing your business. The very core of what we do is making it easy for you to manage your business efficiently by being efficient ourselves. We specialise in Xero, Australia’s most advanced and easiest to use cloud accounting package.

Many investors would be familiar with the main types of risks involved in investing, and through careful planning can identify and manage these risks. However, one of the lesser known risks is that of sequencing risk – and is of particular interest for those nearing retirement age. Sequencing risk refers to the impact on the value of an investment portfolio from the order (or sequence) in which investment returns occur. 

The informative website, Cuffelinks (www.cuffelinks.com.au), has published their first ebook Cuffelinks Showcase 2014 with highlights from the last two years. Their first article in February 2013 featured former Prime Minister Hon. Paul Keating on superannuation, including some fresh ideas typical of his thinking. Since then, they've published 93 Newsletter editions with over 500 articles from 150 writers.  

The capabilities and scope of the Australian Tax Office (ATO) are at an all-time high. The ATO, along with other Australian government agencies (e.g. Work Cover, State Revenue Office), are utilising the resources at their fingertips, such as data-matching, to rigorously analyse Australian taxpayers. 

Under the current Superannuation guarantee legislation, as an employer you are required to make superannuation contributions on behalf of your employees to their complying superannuation fund every quarter. The due dates for these payments are the 28th day after the end of the quarter. Therefore the relevant deadlines for your payments are:

Statement by Glenn Stevens, Governor: Monetary Policy Decision

January proved to be an eventful month for the global financial markets. In Australia, speculation about a cut in interest rates intensified through the month, especially after a journalist reported what appeared to be a behind-the-scenes message from the Reserve Bank. Factors contributing to the market expectations of a local rate cut included soft headline inflation in the December quarter, further declines in key commodity prices and interest rate cuts overseas. As things turned out, the Reserve Bank did cut the cash rate to a new record low of 2.25% on 3 February.