Archive for the "News" Category
Posted on February 10th, 2021 by Douglas Thomson
A reminder about the ability to make further super contributions and claim a tax deduction for them.
Where superannuation is paid on your behalf and claimed as a tax deduction, either by you or your employer, the maximum annual contribution is capped at $25,000.
From 1 July 2018, individuals who have a total super balance of less than $500,000 can carry forward any unused cap to the next financial year on a rolling five-year period.
For example, your employer contributed $5,000 of superannuation guarantee on your behalf in 2019 and you made a personal contribution of a fur…
Posted on January 22nd, 2021 by WLF
Forget what you were told about going out and selling yourself.
In a post-COVID world, where opportunities for people of all ages may be reduced, there is an increased need for all of us to help and support one another to understand our purpose, who we are and how we find our next job.
We also need a different approach to how we find and succeed with new work opportunities and make the best contribution we can to our employer and our community.
To truly understand how we can make a real contribution to the success of our future employer’s business we firstly need to unde…
Posted on January 22nd, 2021 by WLF
The old master-servant style is being replaced
Each year in Tasmania, there are around forty thousand workplace transitions. This includes people moving from secondary and tertiary education into employment, people changing jobs and people coming back into the workforce after an absence.
As we emerge from the COVID-19 pandemic, we are beginning to see a changed workplace which is calling for a new approach to recruiting staff, built on relationships, trust and empathy. We are also seeing the primary workplace needs moving towards creativity and innovation. This poi…
Posted on December 23rd, 2020 by WLF
Lily & Dot in Hobart has just celebrated its fifth birthday, having opened its door and its online store in October 2015. The store started as a labour of love for owner Katinka Dineen and has remained true to her original vision.
“Hand-crafted, small-batch, bespoke – all the hipster buzz words we associate with the ‘shop small’ phenomenon – are at the core of Lily & Dot” Katinka explains. “It was never my intent to scale it up in terms of opening a second store in another city, for example.”
“A large part of our business model is our ‘crafterno…
Posted on December 17th, 2020 by WLF
Employers must lodge intention to participate in the scheme by 6 January 2021 if you want to claim for the period beginning 7 October 2020 and ending 6 January 2021.
To do this you will need the following information:
Headcount at 30 September 2020
Payroll for the 3 months up to and including 6 October 2020
The Federal Government implemented a JobMaker Hiring Credit scheme which will subsidise wages for new employees. The scheme enables eligible employers to claim a payment up to $200 per week, for up to 12 months, for each eligible employee from 7 Octobe…
Posted on December 14th, 2020 by WLF
Pandemic has proven how fast we can change if we have to
At the beginning of the COVID-19 pandemic, when our lives, livelihoods and future were threatened, we made years of progress in a few months.
We moved off-base and online. We redefined our use of time and space as we became more flexible and agile, with new ways of communicating and working together. We saw ourselves – and each other – in different contexts. We thought and acted in ways that we had previously felt were out of our reach.
Social media, news articles and politicians brought almost forgotten maxims l…
Posted on December 10th, 2020 by WLF
The government has announced changes to the JobKeeper payment that will extend the scheme until 28 March 2021.
These changes are summarised for you below along with some other important information.
The extension to the scheme will be in two tranches:
October to December 2020
January to March 2021
What will change
The amount of the payment
Payments to part-time workers
Employees employed on or before 1 July 2020 will now be eligible
What won’t change
Other employee eligibility criteria
Business participant …
Posted on September 30th, 2020 by WLF
As expected, Treasurer Frydenberg delivered an unprecedented budget last night. The coronavirus-centric measures focus on job creation and tax cuts which aim to stimulate our weakening economy.
The government proposes to bring forward cuts to individual tax rates and expand access to small business tax concessions as well as implement a JobMaker hiring credit which will subsidise wages for new employees.
If the measures are passed in the coming weeks, most businesses&nbs…
Posted on August 6th, 2020 by WLF
Run our own race and become a world leader with an island strategy
Tasmania’s tough border stance in response to the COVID pandemic recently lead to the Queensland Deputy Premier Steven Miles questioning, “Why anyone would want to go to Tassie?”
However, the perception of Tasmania depends largely on who is doing the perceiving. It is fair to say that historically there has been at times a lack of optimism, almost negativity, regarding the future of our island State.
‘Backward’, ‘depressed’, ‘losing’, and ‘parochial,’ were often heard perceptions, often reinforced …
Posted on August 5th, 2020 by WLF
While most of our team members were working from home, we said a fond farewell and good luck to Denise Scott, who retired on 14 April after 31 years with WLF Accounting & Advisory.
The celebratory send offs had to wait a while due to the COVID-19 restrictions, but happily we were able to congratulate Denise at our end of year presentations in July. Partner Stuart Clutterbuck shared some fond memories, which also highlighted the many changes Denise has been a part of in her time with the firm.
On 3 July 1989 when Denise walked into the firm for her first day of work, …