Archive for the "News" Category
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Take me to your board – NFP podcast series
Posted on March 21st, 2022 by WLFIf you’re involved with governance for a Not-for-Profit entity, either as a Board Director or an Executive, we highly recommend you listen to the ‘Take Me To Your Board’ podcast series from TasCOSS.
Our team at WLF has had the privilege of working with TasCOSS for many years and are strong supporters of their vision for a Tasmania free of inequality and poverty. As such, we were very proud to have WLF Partner Alicia Leis feature in one of the ‘Take me to your board’ podcasts, where she joins Bridget and Cameron to talk about Risk Management.
Tune into Series 1,… -
Welcome to our newest team members
Posted on February 16th, 2022 by WLFThe new year is always a busy time in the WLF office as we welcome the new starters joining us through our Graduate and Undergraduate Accountant Programs. This year we are delighted to have seven new faces around the office:
Dylan Bassett, Poppy Nicol and Zara Millwood have all joined the Business and Personal Advisory division
James Wright and James Webb are our newest auditors in the Audit, Assurance and Advisory division
Zoe Bloomfield has also joined the Audit, Assurance and Advisory division, taking up the new role of Group Executive Administrator, and
Candace Hu… -
Enhancing superannuation outcomes bill passes
Posted on February 14th, 2022 by Douglas ThomsonAfter a marathon sitting of the House of Representatives on Wednesday 9 February that lasted well into the next morning, at 4:56am on Thursday 10 February the Treasury Laws Amendment (Enhancing Superannuation Outcomes for Australians and Helping Australian Businesses Invest) Bill 2021 passed the House.
The key superannuation measures in this Bill are:removal of the $450 income threshold for superannuation guarantee
increasing the amount eligible for release under the First Home Super Save Scheme from $30,000 to $50,000
reducing the downsizer contribution eligibility age … -
State Government’s COVID-19 Business Impact Support Program grants
Posted on January 27th, 2022 by WLFThe State Government has established a COVID-19 Business Impact Support Program under Business Tasmania to support businesses around the state whose operations have been impacted due to:
critical staff being required to isolate or quarantine due to COVID-19; or
being forced to close due to a Public Health Direction; or
having suffered a significant reduction in demand.Grant funding is available where these impacts have resulted in a reduction of turnover between 15 December 2021 and 14 January 2022, subject to the businesses meeting relevant criteria.
For full details o… -
Your guide to FBT on staff Christmas celebrations
Posted on December 20th, 2021 by WLFHave you had your staff Christmas party already? Or are you looking forward to knocking off early for a festive end of lunch office party on Christmas Eve?
After the celebrations are over and the receipts come in, there are some key tax rules to consider for your financial reporting. Christmas parties and gifts are considered a benefit to employees outside of their salary. As a result, there are Fringe Benefits Tax (FBT) implications that can arise where certain factors or thresholds are met.
There are two key things to consider:The first is called the property benefit…
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WLF Accounting & Advisory office hours for Christmas
Posted on December 20th, 2021 by Jo BaileyThe WLF Accounting & Advisory office will be closed for the Christmas and New Year period from 12 noon on Friday 24 December 2021.
We will re-open at 8.45am on Tuesday 4 January 2022.
The Partners and team at WLF wish all our valued clients a very Merry Christmas and a wonderful, safe year ahead. We look forward to working with you in 2022….
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Farewell and happy retirement Gaylene
Posted on December 17th, 2021 by WLFOn 15 December we said farewell, and happy retirement, to Gaylene Cornelius who has been an integral part of our firm for more than 35 years.
Gaylene started with us in March 1986 and was the first Executive Assistant in Audit. She has played a huge role in the growth and diversification of what is now the Audit, Assurance and Advisory (AAA) division and made up of approximately 30 people, including 6 Partners.
Through her time with us Gaylene has seen incredible change. When she started her role included typing all the firm’s correspondence on a large typewriter, which…
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Counting on U, so you can count on us
Posted on December 17th, 2021 by WLFWhen you think about ‘lifelong learning’ and professional development in the accounting and advisory sector, what springs to mind? For most people their first thought is probably training in new accounting software or financial reporting and taxation legislative requirements.
These are definitely areas where we focus our professional development. But equally, we want our team members to be progressing their knowledge in many other areas too. We’ve recently introduced a management leadership training program, where we are seeing some great results and positive feedbac…
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Moving forward to 2022 and beyond
Posted on December 17th, 2021 by WLFOur Partnership is moving into 2022 with a positive outlook and a continued focus on looking after the needs of our valued clients.
We know how challenging the past two years have been for so many people, and we are cognisant of the fact that there will still be difficulties ahead as we navigate living and working in a world with COVID. It is to be expected that there may be further business disruptions, although we certainly can’t predict what these will look like. However, we can assure you that our commitment to delivering the highest quality of service to all our cli…
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Border Closure Critical Support Grant Program – Round Two
Posted on November 12th, 2021 by WLFThe State Government has announced a second round of the critical support grant for businesses impacted by lockdowns and border restrictions in other states.
Applications opened on 10 November 2021 at 10am and close 25 November 2021 at 2pm.
Please note: If you have received an email to apply for round two due to your successful application for round one, you do not need to submit a fresh application. You should have received a supplementary form to be completed.
Eligibility criteria – applicants who didn’t apply for round one:Be an active Tasmanian business with a…