Latest News
Stay up to date
Give yourself a super gift this Christmas
Give yourself the ultimate gift this Christmas that doesn’t cost a thing – a super to-do list which is a gift that will benefit you now and in the...
Is that ute really exempt from FBT?
Is that ute really exempt from FBT? Introduction Recent media reports suggest the ATO may have concerns that some tradies could be taking...
Getting the most benefit from fringe benefits
Getting the most benefit from fringe benefits. Introduction The most cost-efficient benefit an employer can give an employee is one that is...
How to reduce your income tax bill using superannuation.
How to reduce your income tax bill using superannuation Introduction Did you know you can reduce your income tax by making a large personal...
Inherited overseas home – and the CGT exemptions
Inherited overseas home – and the CGT exemptions Introduction Young people who immigrated to Australia many decades ago are now, like other...
Discounting your Capital Gain
Discounting your Capital Gain Introduction The capital gains tax (CGT) discount can reduce by 50% a capital gain that you make when you dispose of...
Self-education – when is it deductible?
Self-education – when is it deductible? Introduction There is no specific provision in the income tax legislation that allows a deduction for...
Trusts – are they still worth it?
Trusts – are they still worth it? The recent ATO crackdown on trusts will no doubt have some business owners (and even some advisors) asking...
Tax Time: Unexpected first-time debts
Tax Time: Unexpected first-time debts Introduction For the first time, many Australians are finding themselves in a position where they are being...
Boost Your Business: 120% Deduction for Skills Training & Technology Costs
Boost Your Business with 120% Deduction for Skills Training & Technology Costs Introduction Discover the latest government initiative for...
Work-related car expenses updated
Work-related car expenses updated The ATO has just announced that the cents per kilometre rate has increased to 85 cents per kilometre for 2023/24....
Time for a Restructure?
Time for a Restructure? Introduction The new financial year can be a time when business owners look at their operating structure and consider...
Super pensions and the Commonwealth Seniors Health Card
Super pensions and the Commonwealth Seniors Health Card Are you a self-funded retiree who does not qualify for the Age Pension? If you’ve answered...
Director penalty notices
Director penalty notices If your company is falling behind with payment of certain taxes, directors may be held personally liable. To recap, there...
Federal Budget 2023
Federal Budget 2023 Introduction The 2023/24 Federal Budget was handed down on 9 May. It contains changes to business and personal taxation,...
Financing motor vehicles
Financing motor vehicles One of the most common decisions facing business is how to finance and account for the acquisition of a motor vehicle....
Upcoming trust distribution strategies
Upcoming trust distribution strategies Introduction If you run your business through a family trust, there’s some good news on the distribution...
Employee or contractor? – the Federal Court weighs in
Employee or contractor? – the Federal Court weighs in Introduction A recent Federal Court case has highlighted important superannuation guarantee...
Our Accreditations
When working with WL Advisory, you can guarantee that you’re partnering with professionals who provide the highest calibre of accounting and tax solutions.
