As we have just finished the last financial year and are now in the 2025 financial year, it is sometimes good to give a snapshot of what we have seen with our clients at WSC Group.

Every year the ATO makes changes to their tax returns and announce the key areas that they will be looking into.

As we approach the end of the financial year, it's essential for you to be aware of the tax matters that could impact your financial decisions. Here are some key tax considerations to keep in mind before 30 June:

Division 293 Tax is an additional tax imposed by the Government on high income earners to the normal taxes they pay.

As the world gears up to celebrate National Bee Day on 20 May 2024, it's the perfect time to shine a spotlight on an industry that is as sweet as the product it produces – beekeeping.  In Australia, this industry is not just about producing honey; it's a buzzing business that plays a crucial role in our agriculture and environment.

I am pleased to present to you an update on the latest Federal Budget, which has been put together to address the interests and concerns of our property investors and small to medium-sized business clients.

Running a business requires making numerous critical decisions, and one of the most significant choices entrepreneurs face is whether to rent or buy the property from which they operate.

Are you one of the savvy investors who has built a new investment property in the last three (3) years? If so, this article is especially relevant to you.

There are two broadly accepted methods for determining when “income” is derived for income tax purposes: the cash basis and the accruals basis.

The February 2024 announcement of the AWOTE numbers (Average Weekly Ordinary Time Earnings) from November 2023 has confirmed that the concessional and non-concessional superannuation contributions caps will rise from 1 July 2024.