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News

Lessons from the ‘rich list’

By WSC Group | Created on September 11, 2018

Most people who are intent on building their personal and business finances know there is no quick road to wealth. While some people dream about their lucky numbers finally being called, others are making every day count. 
**Most people who are intent on building their personal and business finances know there is no quick road to wealth. While some people dream about their lucky numbers finally being called, others are making every day count. 
**

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Young invincibles – the importance of insurance

By WSC Group | Created on September 11, 2018

When you are young, healthy and just starting your working life the last thing on your mind is life insurance. In your 20s and 30s your financial focus is more likely to be on saving for a car, holidays, a home or the birth of a child. But failing to protect the lifestyle you are creating could have a devastating financial effect. When you are young, healthy and just starting your working life the last thing on your mind is life insurance. In your 20s and 30s your financial focus is more likely to be on saving for a car, holidays, a home or the birth of a child. But failing to protect the lifestyle you are creating could have a devastating financial effect. 

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SPRING 2018

By WSC Group | Created on September 11, 2018

September is upon us and spring is in the air. Our farmers and firefighters will be hoping for some soaking rain to ease the drought and ward off bushfires. Meanwhile, AFL and NRL fans will be hoping the sun shines on their team this finals season.September is upon us and spring is in the air. Our farmers and firefighters will be hoping for some soaking rain to ease the drought and ward off bushfires. Meanwhile, AFL and NRL fans will be hoping the sun shines on their team this finals season.

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Plugging in to technology stocks

By WSC Group | Created on September 11, 2018

On August 2, Apple became the world’s first company to reach US$1 trillion in market value. It took 42 years to get there from humble beginnings in an LA garage, but a handful of younger technology companies collectively known as the FANGs – Facebook, Amazon, Netflix and Google - are already nipping at its heels. On August 2, Apple became the world’s first company to reach US$1 trillion in market value. It took 42 years to get there from humble beginnings in an LA garage, but a handful of younger technology companies collectively known as the FANGs – Facebook, Amazon, Netflix and Google - are already nipping at its heels. 

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Cents per Km Deduction Rate for Car Expenses from 1 July 2018

By WSC Group | Created on August 8, 2018

The Commissioner of Taxation has determined that the rate at which work-related car expense deductions may be calculated using the cents per kilometre method is 68 cents per kilometre for the income year commencing 1 July 2018 (up from 66 cents per kilometre).

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Transacting with cryptocurrency

By WSC Group | Created on August 8, 2018

Any capital gains made on the disposal of a cryptocurrency (including using the cryptocurrency or converting it to Australian dollars) may be taxed, although certain capital gains or losses from disposing of a cryptocurrency that is a 'personal use asset' are disregarded.

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Suburban scammers pushing illegal early access to super

By WSC Group | Created on August 8, 2018

The ATO has become aware of people in some suburban areas of major cities attempting to encourage others to illegally access their super early (generally for a fee) to help them to purchase a car,

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Further company tax cuts deferred (for now . . .)

By WSC Group | Created on August 7, 2018

The Government has decided not to put the Treasury Laws Amendment (Enterprise Tax Plan No. 2) Bill 2017 to a vote in the Senate ... for the present point in time (it had already passed the House of Representatives without amendment).

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Will Australians pay more for a good cause?

By WSC Group | Created on August 7, 2018

In the same month that desperate farmers made headlines preparing to destroy starving flocks and pleading with the public to pay a few cents more for their dairy products,

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Are you holding back your business?

By WSC Group | Created on August 7, 2018

Overcoming the biggest problems in business often comes down to the simple things. Here are a few simple things you can do to capitalise on your opportunities and reduce your risks.

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Clothing deductions hung out to dry

By WSC Group | Created on August 7, 2018

The Australian Taxation Office is closely examining work-related clothing and laundry expense claims of taxpayers submitting their 2017-18 tax returns.

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Single Touch Payroll Update

By WSC Group | Created on August 7, 2018

The ATO is writing to employers who started reporting through STP before 1 July 2018, providing them with information about how their employees' payment summary for 2017/18 may change with STP,

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ATO guide to the 5 most common Tax Time mistakes

By WSC Group | Created on August 7, 2018

As Tax Time 2018 has 'kicked off', the ATO has profiled the five most common mistakes they see, including taxpayers who are:

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Helping you find your financial path

By WSC Group | Created on July 19, 2018

When it comes to personal finances and ways to build your wealth it seems that everyone has an opinion - and a preferred pathway for wealth accrual.

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Are you good to go for the new financial year?

By WSC Group | Created on July 19, 2018

The end of the financial year is the cue for most of us to look at our financial position heading into tax time.

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Winter 2018

By WSC Group | Created on July 19, 2018

Australia’s national economic agenda in May was dominated by the Federal Budget and the promise of tax cuts.Australia’s national economic agenda in May was dominated by the Federal Budget and the promise of tax cuts.

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Budget changes support a brighter retirement

By WSC Group | Created on July 19, 2018

With tax cuts grabbing most of the attention in the May 2018 Budget, some quiet tweaks to superannuation and retirement income were drowned out in all the noise.

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It's time to talk about debt

By WSC Group | Created on April 12, 2018

Australia’s household debt is among the highest in the world and rising, thanks largely to worsening housing affordability and plentiful consumer credit. So how do we measure up and should we be worried?

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March 2018

By WSCAdmin | Created on March 14, 2018

Autumn is here, and not a moment too soon after a prolonged heatwave over summer.Autumn is here, and not a moment too soon after a prolonged heatwave over summer.

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Weighing up the value of life insurance

By WSCAdmin | Created on March 14, 2018

It probably comes as no surprise to anyone that there is a significant underinsurance gap between what we would need to maintain our standard of living should the unthinkable happen, and what we are actually covered for in the way of insurance.It probably comes as no surprise to anyone that there is a significant underinsurance gap between what we would need to maintain our standard of living should the unthinkable happen, and what we are actually covered for in the way of insurance.

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How Blockchain is already changing your world

By WSCAdmin | Created on March 14, 2018

Although we are only at the tip of the iceberg of blockchain’s immense potential, industry leaders like Bob Greifeld, CEO of Nasdaq, have already pegged the emerging technology as “the biggest opportunity set we can think of over the next decade”.Although we are only at the tip of the iceberg of blockchain’s immense potential, industry leaders like Bob Greifeld, CEO of Nasdaq, have already pegged the emerging technology as “the biggest opportunity set we can think of over the next decade”.

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Home and away with super

By WSCAdmin | Created on March 14, 2018

Australians buying their first home or downsizing in retirement are about to receive a helping hand thanks to new superannuation rules which come into effect on July 1Australians buying their first home or downsizing in retirement are about to receive a helping hand thanks to new superannuation rules which come into effect on July 1

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