As we mark Lemon Juice Day on Thursday, 29 August 2024, it's an opportune moment to peel back the layers of the citrus fruit industry's current landscape in Australia.

Reflecting on the month of July, and receiving feedback from many of our businesses, it always impresses upon me how different the real Australian economy is to the GDP numbers supplied.

In today's ever-evolving financial landscape, the risk of being selected for an audit, inquiry, investigation, review, or examination by the Australian Taxation Office (ATO) or other government revenue authorities is higher than ever.

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.