News

  • 5 money mindsets that hold you back

    Posted on January 17th, 2018 by Paul Lyons

    With another year just passed, what’s holding you back from taking control of your financial future? Discover the five mind tricks that can stop you from achieving financial success and what you can do to avoid them.

     

    Fear of Failure

    Earning and saving money from your salary is all very well. But setting up an alternative income stream from an investment portfolio can help you make the most of your personal wealth potential. So, what is it that holds people back from taking their first steps into investing? According to recent surveys, 70% of millennials wo…

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  • Don’t want to breach the new $25,000 concessional superannuation contribution cap?

    Posted on December 19th, 2017 by Douglas Thomson

    Make sure your employer understands the maximum superannuation contribution base rules. For those who are on higher salary levels the concessional cap of $25,000 will be relatively easily breached if not reviewed appropriately.

    The maximum superannuation contribution base is used to determine the maximum Superannuation Guarantee contributions than an employer is required to make under super laws. The maximum superannuation contribution base for the 2017/2018 year is $52,760 per quarter (entitlement is assessed quarterly) or the equivalent of $211,040 annually.

    What th…

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  • Corporate partnerships – an investment in your business

    Posted on December 12th, 2017 by Dominic Mulcahy

    If you’re running a small to medium business, chances are you regularly receive requests for corporate partnerships – and the decision isn’t always an easy one.  At UNICA Wealth we take a strategic approach to these requests, viewing them in two main categories: corporate partnerships and philanthropy.

    Not long after we established UNICA Wealth three years ago, we began a corporate partnership with the Tasmanian Symphony Orchestra (TSO).  Our two organisations share many similar attributes: a quality bespoke product; commitment to excellence for ourselves and our…

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  • Small Business Superannuation Clearing House is Moving

    Posted on December 11th, 2017 by WLF

    From early 2018 the Small Business Superannuation Clearing House (SBSCH), which is currently accessible through the Australian Tax Office website, is moving to join the ATO’s online portal services.

    The SBSCH is a free service that you can use to lodge employees’ superannuation payments if your business has 19 or fewer employees, or an annual aggregated turnover of less than $10 million.

    If you are already using the SBSCH you will find that the information contained on the current site will still be available, however it will have a new look and feel. Integrating …

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  • The Movember challenge

    Posted on December 11th, 2017 by WLF

    Throughout the month of Movember a team of 16 men from WLF took on the sacred ‘mo bro oath’ to grow a mo and raise some funds and awareness for men’s health.

    The team set a bold fundraising target of $5000 at the start of the month, which they surpassed with the final total amount raised reaching $5,182. A number of events were held throughout November to raise funds, including a final celebration morning tea on 30 November catered by the mo bro team. Nick, Max and James also put their fitness on the line for the campaign and took part in the Point to Pinnacle as p…

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  • Auditors: Take another look

    Posted on December 11th, 2017 by WLF

    Auditors. They usually visit you in black suits, ask a few tricky questions, look around the systems and a few weeks later issue you an audit report. Right? Well, not if they are doing their job properly. An audit report is the tip of the iceberg, and if that is all you are seeing you’re bound to go down like the Titanic.

    Auditors are one of the greatest assets to your company. They have insights into the cogs of your business machine. If you have an auditor that asks the right types of questions you can find out which part of the machine is not working on all cylinder…

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  • Raising happy pigs by the coast makes for successful entrepreneurial sea-change

    Posted on December 11th, 2017 by WLF

    “I never thought I’d be a pig farmer” Selina Smith happily confesses as she and her partner Phil Outtram talk about the recent successes of Long Name Farm, the small business they set up three years ago.

    “We were thrilled to be awarded 2017 Small Producer of the Year Award by Sprout Tasmania recently” adds Phil, “and due to achieving our three-year financial goal Selina left her full time corporate job in Hobart and rented her Hobart home out to move full time up here only last week to concentrate on growing the business together.”

    Establishing a small busine…

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  • WLF Accounting & Advisory office hours for Christmas

    Posted on December 6th, 2017 by WLF

    The WLF Accounting & Advisory offices will be closed for the Christmas and New Year break from 12 PM Friday 22 December 2017 and will re-open on Tuesday 2 January 2018.
    The WLF Partners and team wish all our valued clients a Merry Christmas and a wonderful year ahead.  We look forward to working with you in 2018….

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  • 6 pieces of financial advice from my mother

    Posted on November 29th, 2017 by Claire Thornett

    Recently, I was watching a ‘documentary’ about terrible savers receiving financial counselling to mend their ways. One man who was up to his armpits in debt said, “My mum told me, you’re born into this world with nothing, so if you go out owing, you’re ahead!” This amusing but dreadful advice made me grateful for the sound financial advice my own mother has given me over the years.

    My mother has worked her whole life, she’s done everything from working in a pea factory (didn’t last long), to apprenticing as a hair dresser (which meant she cut our hair gro…

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  • Even the internet can’t provide all our solutions – why we still need our accountants (and our mums)

    Posted on November 22nd, 2017 by WLF

    When our daughters were still toddlers, I declared that I would leave home when they became teenagers. I was a bit afraid of parenting teens in the world of devices and social media. Well, it’s happened. Our eldest turned 13 a few weeks ago.

    I haven’t left home, and I guess I probably won’t. For the most part, our teen is a delightful girl. Navigating the challenges of parenting a teenage girl is probably going to stretch me, but I’m up for it. It’s a learning curve, for sure, but what new thing isn’t?

    There are so many things about being a teen that weren…

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