News

Archive for the "News" Category

  • Don’t let cashflow pressure get the better of you

    Posted on October 18th, 2023 by James Day

    “Never take your eyes off the cash flow because it’s the life blood of business” Richard Branson
    As a business owner you know that cashflow is important, however the current inflationary pressures and higher interest rates are certainly putting some pressure on for many SMEs.

    To help alleviate your cashflow struggle, we’ve provided some useful tips and processes that you can implement in your business:

    Enter supplier invoices into your accounting system upon receipt of the invoice – this will allow you to have a clearer picture of what is owing and when it fal…

    Posted in News
  • TUBES event

    Connecting with our future accountants, auditors and advisors

    Posted on October 5th, 2023 by Jo Bailey

    Last month we had the pleasure of hosting Tasmanian University Business and Economics Society (TUBES) students for a morning of conversation, presentations and an office tour. It was a great opportunity to share a bit about WLF, including our background, range of services and the foundations that launching a career with WLF can provide.

    The morning started with Dean Johnson, a Partner in our Business and Personal Advisory division, and Agnes Gondek, Manager speaking with the group about what their standard work-day entails –highlighting that in fact there isn’t actuall…

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  • Welcome John and Jackie from S2B

    Posted on June 15th, 2023 by Jo Bailey

    The Partnership is excited and proud to welcome our new colleagues John Oliver and Jackie Ikin, who have joined our WLF team through a merger with Solutions to Business.
    John is a well-known Chartered Accountant who established Solutions to Business (S2B) in November 2000 and has continually been working with and supporting clients across all sectors right around Tasmania. Jackie joined S2B in June 2005 as Senior Accountant and has been instrumental in building and maintaining relationships with clients, while also overseeing the administrative functions of S2B. 

    Both Joh…

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  • Vet checking horses teeth

    2023 Tax Planning Guide for Business

    Posted on May 11th, 2023 by Matthew Kiernan

    With the end of the financial year fast approaching, it’s a good time to review the strategies you have in place that can ensure you are responsibly minimising your business tax. 
    We have provided a quick reference guide below to help get you started, and we will be discussing many of these opportunities in further details with our business clients in our end of financial year meetings. 
     
    IS YOUR BUSINESS A “SMALL BUSINESS” ENTITY?
    Small businesses can access a range of tax concessions from the ATO. To qualify as a “Small Business Entity”, the business must h…

    Posted in News
  • 2023 Tax Planning Guide for Individuals and Families

    Posted on May 4th, 2023 by Matthew Kiernan

    As we move closer to 30 June 2023 it’s important to take some time to review what strategies you have in place, or can implement now, to responsibly minimise your tax. 
    Just imagine what you could do with tax savings: reduce your mortgage, upgrade your car, top up your super, pay your children’s education fees, and more. However, it is important to remember that there is no point in spending money on something to get a tax deduction unless the purchase will result in something useful to you!
     
    HOME OFFICE EXPENSES
    If you have been working from home, you may have expens…

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  • What does the 2023/2024 Federal Budget mean for you?

    Posted on May 4th, 2023 by Jo Bailey

    The Federal Treasurer, Dr Jim Chalmers, handed down the 2023–24 Federal Budget at 7:30 pm (AEST) on 9 May 2023.
    As promised, no changes were announced to the Stage 3 personal income tax cuts legislated to commence in 2023–24.  
    As part of the measures introduced for small business, a temporary $20,000 threshold for the small business instant asset write-off will apply for one year, following the end of the temporary full expensing rules.
    The government aims to lower the tax related administrative burden for small and medium businesses by providing additional fun…

    Posted in News
  • ESG reporting – what is it, and what do I need to do?

    Posted on April 6th, 2023 by Jo Bailey

    The scope of good governance is continually evolving, driven by changes and developments in legislation, social norms, the domestic and international economies and more.
    Several years ago, following the Royal Commission into the banking and finance sector, it became apparent that boards across Australia needed to be including a focus on organisational culture on their agenda.  Now, a handful of years later, many directors would tell you that the idea of not thinking strategically about culture is completely ridiculous!

    More recently, ESG is becoming a major focus for many…

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  • Evolving, not changing

    Posted on April 6th, 2023 by Jo Bailey

    Over the past six months we have been undertaking some gradual changes to our internal structure at WLF. We like to think of it as an evolution – we’re adapting things inhouse to make sure we don’t change any of the things that our clients really value and need.

    Our WLF team has been joined by Georgina Gillow, who has taken on the new role of Chief Operating Officer for the firm. Georgina is a Chartered Accountant who has worked in senior management roles across a number of sectors including for a large Tasmanian commercial organisation and a local not-for-profit com…

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  • Danny McCarthy, Marg Marshall and Holly Wiggins recognised at CA ANZ awards

    Posted on March 29th, 2023 by Jo Bailey

    It was a night of celebration for WLF at the recent Chartered Accountants Australia and New Zealand (CA ANZ) dinner in Hobart, with three of our colleagues receiving awards and recognition.

    Partner Marg Marshall was awarded for her 25 years’ service as a Chartered Accountant, recognising the significant contribution she has made, and continues to make, to the profession.

    Holly Wiggins was awarded her Chartered Accountant qualification, having recently completed her CA.

    The highlight of the evening was the conferral of a Meritorious Service Award, received by Danny McCa…

    Posted in News
  • Cyber security – hints and tips to protect yourself and your business

    Posted on March 29th, 2023 by Jo Bailey

    We continue to see reports of national and international cyber-attacks on big businesses, and many of these have impacts on individuals and families around Australia.

    The methods used by scammers to target people are continually evolving, so we want to remind you to remain vigilant in protecting yourself, your family and your business from scams or ‘phishing’.

    Here are a few useful tips:

    Don’t share your password with anyone;
    Turn on two-factor or multi-factor authentication where you can, particularly on your email account – this applies for business and personal …

    Posted in News
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