Posts Tagged "planning"
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Thinking of Selling?
Posted on August 5th, 2025 by Agnes GondekWritten by Agnes Gondek, Manager
You’ve worked hard to create a successful, profitable business and now you’re looking on collecting a return for your years of effort and “drive into the sunset”.
Nothing wrong with that picture, but have you actually wondered how much your business is worth?
Statistically*, 88% of small business owners will be well wide of the mark when placing a value on their business, and, therefore, exposing themselves to the value gap risk. A difference between a value of your business today and the value you need it to be worth… -
Do you have an end game?
Posted on July 23rd, 2025 by WLFWritten by Agnes Gondek, Manager
Many business owners tend to not think about their succession until it is too late. Don’t wait for something to happen – for example, ill health, a partnership dispute, relationship breakdown, major clients or staff leaving the firm. Be proactive and plan your end game.
Whether you’re considering selling your business or passing on the baton to family member / staff, there are multiple factors that you may need to think about, such as:
Your current business structure – not all structures are suitable for a family / staff …
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Audit Survival Guide
Posted on July 21st, 2025 by WLFFacing an audit may feel like a daunting prospect, but with the right preparation, it can be a straightforward and valuable process for your organisation. Our external audit team have put together the following guide that outlines the key steps your organisation can take to effectively prepare for your audit.
Understanding the Audit
Before you begin preparing, it is important to understand why the audit is being conducted and which areas it will cover. Whilst you may be familiar with your obligations and understand the scope of our external audit work, for some… -
Last Minute End of Financial Year Tips
Posted on June 27th, 2016 by WLFAnother financial year is about to finish! As a business owner, there are many obligations that you need to consider and action just before and just after 30 June. Some of these will help to minimise your tax. We know you are busy so here’s some action points below to assist you.
Date
Action RequiredBEFORE 30 June 2016
Ensure your employee superannuation payments are received and allocated by your employees’ super fund prior to 30 June 2016 to ensure a tax deduction for this year. Any payments made between 1 July 2016 and 28 July 2016 will count to…
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2016 Tax Planning for Businesses
Posted on June 2nd, 2016 by WLFThe end of the 2015/16 financial year is almost upon us, can you answer these 20 questions to save you tax?!
1. Are you aware of what impact the federal budget may have on you or your business?
2. Have you maximised your concessional superannuation contributions within the caps?
Concessional Superannuation Cap
The concessional superannuation cap for 2016 is $30,… -
2016 Tax Planning for Personal & Families
Posted on June 1st, 2016 by WLFThe end of the 2015/16 financial year is almost upon us, so here are 13 things to do before 30 June to help you minimise your tax!
1. Superannuation contributions
Individuals might be able to make tax-deductible personal contributions to superannuation to reduce their taxable income. Superannuation contributions are limited to $30,000 per year for persons under 50 as at 30/6/15, and $35,000 for persons’ age 50 to 75. Any contributions in excess of these limits can be taxed at a rate of up to 49%, plus an excess contribution charge.Please contact us to verify that…