Archive for the "News" Category

  • Dominic Mulcahy recognised as one of the 50 most influential financial advisors in Australia

    Posted on November 15th, 2017 by WLF

    FS Power 50, a list of the 50 most influential financial advisors in the country, was published by the Financial Standard this week and we are delighted that Dominic Mulcahy has been featured.

    Dominic is Managing Director of UNICA Wealth, WLF’s financial planning partner and is one of only three Tasmanians to make this prestigious list. He is also a WLF alumni, having commenced with us as a Graduate Accountant in the 1990s.

    UNICA Wealth is based in Hobart, with clients around Tasmania and interstate.

    “We deliver crafted solutions with a focus on wealth accumul…

    Posted in News
  • WLF & UNICA take up the Movember challenge

    Posted on November 1st, 2017 by WLF

    WLF Accounting & Advisory staff have put together a Movember team again this year to raise much needed money and awareness for men’s health.

    Led by Partner Nick Carter, the team is made up of representatives from across a number of divisions as well as UNICA Wealth, who have all pledged to ‘grow a mo’ over the coming 30 days. The Movember activities kicked off on day one of the month with a morning tea packed with treats and goodies.

    The team have set a target of $5,000 for their fundraising. Donations can be made at…

    Posted in News
  • WLF team at Xerocon

    WLF team takes on Xerocon

    Posted on September 27th, 2017 by Chase McConnon

    A team from WLF Accounting & Advisory joined over 3,000 people from 19 different countries for professional development, training and a bit of entertainment at the recent Xero Conference in Melbourne. Xerocon is now in its 10th year and one of the largest technology conferences in Australia.

    Xero is a cloud based accounting software product, and is one of the fastest growing providers with over 1 million subscribers across 180 countries. CEO and co-founder Rod Drury was quoted as saying that “just as Uber globalised taxis and Amazon globalised retail, Xero has glob…

    Posted in News
  • Save the date: Xero seminar on Wednesday 15 November

    Posted on August 23rd, 2017 by WLF

    We are delighted to advise that we are partnering with Xero again this year to present a free seminar about cloud accounting software.

    The seminar will be held in Hobart on the afternoon of Wednesday 15 November and will consist of two sessions:

    Session 1 – for those new to Xero, or considering moving to cloud accounting software:

    Improve cashflow
    Save time by automating tasks and reduce data input
    Get better information for decision making

    Session 2 – an update for anyone using Xero:

    Major updates from the past 12 months
    Tips and tricks to ensur…

    Posted in News
  • Taxation of Trusts

    Posted on August 23rd, 2017 by Paul Lyons

    There has been a lot of discussion of late about the tax treatment of trusts. The ATO estimates that there are some 800,000 Trusts in operation in Australia, with total assets around $3 trillion. With that sort of size, it was only a matter of time before one of the parties decided to focus on them. However, ATO statistics also reveal rather moderate growth of less than 2% per year between 2010 to 2015, so maybe the horse has bolted?


    What are Trusts?

    Trusts have been around since the 12th Century when Crusaders transferred ownership of their lands in trust s…

    Posted in News
  • Benefiting the health and wellbeing of Tasmanians

    Posted on August 23rd, 2017 by WLF

    Gaining maximum impact with minimal resourcing is always a challenge in business, and never more so than in the not for profit sector. And yet the achievements of the Royal Hobart Hospital Research Foundation somehow make it look easy, at least from the outside!

    The Foundation was established twenty years ago to raise funds to support local medical research and to date, over $7m has been awarded to research projects and Fellowships aimed at benefitting the health and wellbeing of Tasmanians.

    With this level of success many people would be surprised to learn that the R…

    Posted in News
  • Estate planning, tax myths & martial arts principles in business

    Posted on August 22nd, 2017 by WLF

    Earlier this year we launched a blog section on our website, inviting team members at WLF to share their commentary and expertise on a range of topics.

    Articles to date have included everything from succession planning through to the parallels between business principles and the discipline of practicing martial arts.

    When new articles are available we promote them via the firm’s social media channels, and we invite you to follow us by clicking on the links below.

    If you’re not on social media, or prefer to use it for just close family and friends, you can acces…

    Posted in News
  • What can I claim against my tax?

    Posted on August 22nd, 2017 by Paul Lyons

    It’s tax time again. What can you claim to reduce your tax? In this article, we’ll discuss:

    Deductions you can claim
    The ‘tax trap’ you need to avoid
    Links to more information about specific deductions


    Deductions you can claim

    As a general rule of thumb there are 3 things you need to claim a work-related deduction:

    You must have spent the money yourself and weren’t reimbursed;
    It must be directly related to earning your income; and
    You must have a record to prove it.

    The ATO allows you to claim up to $300 for work r…

    Posted in News
  • Single Touch Payroll – will my business be affected?

    Posted on August 11th, 2017 by Rachel Mendlik

    The Australian Taxation Office (ATO) has introduced a new initiative, Single Touch Payroll (STP), that impacts business payroll reporting from 1 July 2018. This article will provide an overview of the system and help you determine if your business is obliged to comply with these new requirements.


    What is STP?

    STP is a government initiative that will change the way you report your payroll information to the ATO, and is mandatory for employers with 20 or more employees.

    Employers will be required to report gross payments, PAYG Withholding and superannuation…

    Posted in News
  • Federal Budget Update presentations

    Posted on May 17th, 2017 by WLF

    Our Federal Budget Update, presented in collaboration with UNICA Wealth, was held on Wednesday 10 May and it was a great opportunity to catch up with valued clients, share some expert commentary on the budget announcements and finish the day with some refreshments and a chat.

    For those unable to attend, the presentations from WLF Partner Marg Marshall and UNICA Wealth Managing Director Dominic Mulcahy are now available to watch below:

    As we mentioned on the day, the Q&A session was not recorded to ensure clients felt free to ask questions relating to their per…

    Posted in News
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