Archive for the "News" Category
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 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 https://moteam.co/wlf-accounting-advisory…
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 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:
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 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 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 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 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 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 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…