As I reflect upon a career, which now spans over four decades, I have certainly seen a lot of changes to the way that business processes and technology have changed many businesses in the economy.

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.

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.

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:

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.

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.

Addressing the topic of artificial intelligence and its impact on the job market is important. The question of whether AI will take over jobs is a complex one, and there is no simple answer.

As we approach the end of the 2023 calendar year and reflect on the past three years, I am sure that you’d agree that a return to some sort of normality is a welcomed change.

Amidst the current economic challenges, our commitment to you, remains unwavering. Following the release of the September 2023 CPI data, the Annual CPI inflation stood at 5.4% in the September 2023 quarter.

Building upon our previous newsletter on ATO Data Matching programs, this month, we wanted to provide you with more insights into these initiatives and their potential impact on your tax affairs. These programs are pivotal in upholding the integrity of the tax system, and we want to ensure you fully comprehend their implications.

I am sure you have now absorbed all the announcements that the politicians have made this Budget time,..

In this month’s newsletter, we discuss why it is not always ideal to sell investments in share markets, particularly when there is a downturn.

With the latest interest rate decision handed down by the RBA, interest rates are a hot topic of conversation. It is well reported on that interest rate rises in Australia can have a significant impact on the economy.

Business owners in Australia face a range of concerns that have the potential to impact their operations and their profitability. These concerns include:

Over the last 6-months, I have observed a growing concern from our business clients about staffing shortages and how they will get work completed for their customers.

Are we heading for a soft landing?

How interest rates will change our lives in the next 18 months

How will interest rates change our lives in the next 18 months

As we enter a new tax season, I thought I would give you an update of changes in tax law and some areas to look out for when preparing your tax return.

After completing many business tax meetings across Australia, we have found our clients facing new kinds of challenges which has only existed in these recent years.

These two events are significant, and we appear to be entering into a time of increased economic uncertainty. With some analysts predicting both a Labor Government victory and up to eight (8) interest rate rises over the next year, I thought I’d put forward a few scenarios of what we may see in the next 12-months.

I don’t know about you but where has 2022 gone?

I always try to be thankful for whatever situation comes across my path, good or bad, because I believe we are shaped by the challenges we face.

I hope you have been enjoying the ‘Business Start-Up’ theme of our latest newsletters. From analysing small businesses in Australia and writing a business plan, to setting SMART goals for the year ahead, we hope we have provided some insightful tips to launch your business endeavours.

As we peek into the fresh new year ahead, many of us like to set ourselves some form of ‘New Year’s Resolutions’.

As this is our last newsletter for 2021 calendar year, I’d like to reflect and look back on the year that was.

What are the latest trends of small businesses in Australia? Where are they leading us? What industries appear to be thriving?

What happens after Groundhog Day ends?

As an accountant who advises businesses, I have been putting some thought in how you would advise someone who is looking to purchase new business or start a business in today’s climate.

When we lose our sense of freedom that we used to just take for granted, we go through a few stages…kind of like the stages of grief.

During our WSC Group State Special, we discussed the various options available to both employees and businesses via Services Australia and Services NSW and what benefits may be available.

As property prices continue to grow across every capital city in Australia, I think we’re all wondering…when will the growth stop when it comes to capital cities’ house prices?

I’m sure by now you may have had an opportunity to look at some of the headlines in relation to the 2021/22 Budget which was just handed down on Tuesday night.

At WSC Group, we are processing our final JobKeeper payments for clients who are still claiming JobKeeper. There is some apprehension, of course, across our community as to what will happen with the finishing of these JobKeeper payments, which are now mainly confined to affected arears such as tourism and events management.

In this newsletter, we look at the recent strong growth in the Australian economy. The question is: Is this recent strong growth going to be sustainable in the medium term?

Amazing auction results last weekend with National auction clearance rates at 83.8% across the 3-capital cities Amazing auction results last weekend with National auction clearance rates at 83.8% across the 3-capital cities

It is amazing what a pandemic does to a property market! From my readings this weekend, I noticed that Sydney auction clearance rates had risen 67% to 72% in the last week – normally the sign of a fairly strong market.

Normally, it is the domain of the Federal Government to push tax reform but in recent times, the states have been leading the way in suggesting reforms to their very inefficient state-based tax system.