What are the opening hours?

Tuesday 9:30am - 1pm Wednesday 9:30am - 5pm Friday 9:30am - 5pm

Wistax, Suite 40, Level 2, 23 Narabang Way Belrose, Belrose (2026)

15/07/2026

How much tax does a family trust actually pay? 🤔

Many business owners assume there's one fixed Trust Tax Rate in Australia. The reality is far more complex. A family trust doesn't have a single tax rate, the outcome depends on how the trust is managed, who receives the income, and whether the correct documentation is completed before 30 June.

Our latest blog explains what every trustee should know to avoid costly mistakes and make informed tax planning decisions.

Key takeaways:
• There is no single trust tax rate for discretionary or family trusts.
• Trust income generally flows through to beneficiaries, who pay tax based on their own tax position.
• Missing trustee resolutions or incorrect documentation can result in the trustee being taxed at the highest marginal tax rate.
• Effective trust planning goes beyond tax savings, it also supports asset protection, succession planning, and long-term wealth creation.
• Annual trust reviews help ensure your trust structure remains compliant and aligned with your family's financial goals.

Good trust planning isn't about chasing the lowest tax bill, it's about making smart decisions that protect your wealth while staying compliant with Australian tax law.

📖 Read the full blog to learn how family trusts are taxed and what you should review before 30 June.

10/07/2026

Don't wait until June to start thinking about tax. The best tax outcomes are planned months before EOFY.

Many business owners focus on finding last-minute deductions, but the biggest tax savings often come from making smarter financial decisions throughout the year, not at tax return time.

In our latest blog, we cover:
✔️ Why proactive tax planning delivers better results than last-minute tax preparation
✔️ Common tax planning mistakes that cost businesses money
✔️ How choosing the right business structure can improve tax efficiency
✔️ Ways to manage cash flow and taxable income before EOFY
✔️ The role of superannuation, Capital Gains Tax planning, and accurate bookkeeping in reducing tax
✔️ Why regular reviews with your accountant can help you stay compliant and prepared

Whether you're a sole trader, company director, investor, or growing family business, having the right tax strategy can help you minimize tax legally, improve cash flow, and build long-term financial security.

📖 Read the full blog to discover practical tax planning strategies you can implement before the next EOFY.

03/07/2026

Many Australian families believe that if a property was purchased before **20 September 1985**, it's permanently exempt from Capital Gains Tax.

Unfortunately, it's not always that simple.

Changes such as inheritance, transferring ownership, or moving the property into a family trust can significantly affect its tax treatment—often in ways many people don't expect.

In our latest blog, we explain:

* How the Pre-1985 Property CGT Exemption works
* What happens when a pre-CGT property is inherited
* Why transferring a property into a family trust may change its tax status
* The stamp duty implications many property owners overlook
* Why professional tax advice is essential before restructuring or selling long-held family assets

Every family's situation is different, and a decision made today could have lasting tax consequences for future generations.

Visit our latest blog to learn how the Pre-1985 Property CGT Exemption works and discover what you should consider before transferring, inheriting, or selling a long-held family property.

01/07/2026

Stop chasing bigger tax refunds. Start building better tax outcomes.

Many Australians wait until the end of the financial year to look for last-minute deductions, hoping to reduce their tax bill. But the reality is, the biggest tax savings rarely come from buying more, they come from planning better.

Our latest blog explains why effective tax minimisation is about making smart financial decisions throughout the year, not scrambling for deductions before 30 June. From choosing the right business structure and timing income strategically to maintaining accurate records and reviewing your tax strategy annually, proactive planning can help you legally minimise tax while supporting your long-term financial goals.

The best tax strategy isn't about paying the least tax possible, it's about paying the right amount while building greater after-tax wealth.

Read the full blog [https://wistax.com.au/tax-minimisation-strategies/]

26/06/2026

Running a small business in NSW means wearing many hats but managing your tax obligations shouldn't have to be one of the hardest.

From choosing the right business structure to staying on top of deductions, BAS, GST, and tax planning, understanding your tax responsibilities can help you avoid costly mistakes and keep your business on the path to growth.

Our latest blog explores what small business owners in NSW need to know about managing tax effectively and why proactive accounting advice can make a real difference beyond tax time.

Read the full blog and discover how the right tax strategy can help your business grow with confidence.

24/06/2026

📊 Busy business, but not sure where the money is going?

As your business grows, so do the invoices, supplier payments, payroll obligations, GST reporting, and cash flow challenges. Yet many small business owners are still relying on spreadsheets, piles of receipts, or last-minute BAS preparation to stay on top of their finances.

The reality is that bookkeeping is no longer just about compliance. Accurate bookkeeping helps you monitor cash flow, track business performance, identify profitable services, manage tax obligations, and make more informed business decisions.

If BAS deadlines create stress, payroll keeps causing issues, or you can't confidently explain your current cash position, it may be time to seek professional bookkeeping support.

In our latest blog, we explore the warning signs of poor bookkeeping, the hidden costs of DIY bookkeeping, and how proper record-keeping can become a competitive advantage for Australian businesses in 2026.

Read the full article today.

19/06/2026

🏢 Becoming a company director is a major milestone.

But many business owners don't realize that being a director involves far more than simply having your name on company paperwork.

In 2026, directors face increasing scrutiny from ASIC, growing ATO debt recovery activity, Director ID requirements, and heightened compliance expectations.

The reality?
You can outsource bookkeeping.
You can hire an accountant.
You can engage advisers.

But you cannot outsource your director responsibilities.

Our latest blog explains the key duties every Australian company director needs to understand. Inside the guide:
✔ The four core director duties under Australian law
✔ Common mistakes new directors make
✔ ASIC compliance requirements every company should know
✔ Why Director ID has changed the compliance landscape
✔ Director responsibilities for BAS, PAYG, and superannuation
✔ Warning signs of insolvent trading
✔ Practical steps to reduce risk and improve governance
✔ A director compliance checklist for 2026

💡 One of the biggest misconceptions? Many directors assume compliance happens automatically because they have an accountant.

In reality, while advisers can assist, directors remain legally responsible for ensuring their company meets its obligations.

The most successful directors aren't necessarily the ones who know every law.

They're the ones who regularly review their financial position, monitor cash flow, stay on top of compliance obligations, and seek advice before small issues become major problems.

Whether you're running a growing trade business, professional practice, family company, or startup, understanding your responsibilities as a director can help protect both your business and your personal position.

👉 Read the full guide and learn what every Australian company director should know in 2026.

17/06/2026

🌏 Has your bank recently asked you about your tax residency, overseas connections, or foreign tax identification numbers?

You're not alone.

Many Australians are surprised when a routine bank update or account application suddenly involves questions about FATCA and the Common Reporting Standard (CRS).

But these aren't just bank procedures.

They're part of global information-sharing frameworks that help tax authorities identify foreign tax residents, overseas assets, and international financial connections.

In our latest blog, we break down Common Reporting Standard (CRS) and FATCA in plain English.

Inside the guide:
✔ The difference between FATCA and CRS
✔ Why banks ask for self-certification forms
✔ How tax residency affects reporting obligations
✔ Common compliance mistakes businesses and trustees make
✔ The risks of outdated records and incorrect entity classifications
✔ Real-world examples involving trusts, companies, and overseas beneficiaries
✔ A practical checklist to help reduce compliance risks

💡 One of the biggest misconceptions?

Many people assume these rules only affect multinational corporations or wealthy investors.

In reality, they can also impact small business owners, trustees, investors, expatriates, and Australians with overseas family connections, assets, or beneficiaries.

As global tax transparency continues to expand, maintaining accurate records and understanding your reporting obligations has never been more important.

Whether you have a family trust, overseas investments, a US-connected director, or changing tax residency circumstances, understanding CRS and FATCA today could save significant compliance headaches tomorrow.

👉 Read the full guide to better understand your international reporting obligations.

12/06/2026

📉 Australia's unemployment rate has risen to 4.5%, but what does that actually mean for business owners and property investors?

While headlines focus on the numbers, many businesses are already feeling the impact through:
⚠️ Slower customer spending
⚠️ Rising operating costs
⚠️ Tighter cash flow
⚠️ Delayed customer payments
⚠️ Increased borrowing pressure

In our latest blog, we explore why a rising unemployment rate can be an early warning sign for businesses and investors and the practical steps you can take now to strengthen your financial position.

Inside the guide:
✔ Why higher unemployment affects consumer spending
✔ The growing importance of cash flow management
✔ How interest rates continue to pressure businesses and households
✔ Why the ATO may increase compliance activity during slower economic periods
✔ Strategies for reducing financial risk
✔ How automation and efficiency improvements can help businesses stay competitive
✔ What property investors should review in today's market

One of the biggest mistakes businesses make during uncertain economic conditions is waiting too long to act.

The businesses that remain proactive, reviewing cash flow, managing tax obligations, improving systems, and planning ahead, are often the ones best positioned for long-term stability and growth.

💡 Economic uncertainty doesn't automatically mean businesses can't grow. In fact, some businesses use slower periods to improve efficiency, strengthen operations, and expand market share while competitors hesitate.

👉 Read the full blog to learn how businesses and property investors can prepare for changing economic conditions and make more informed financial decisions.

10/06/2026

📊 Looking for a Small Business Accountant in the Northern Beaches?

Running a business isn't just about winning customers and delivering great work. Behind every successful business is a solid financial foundation.

Yet many business owners find themselves spending late nights on bookkeeping, worrying about BAS deadlines, managing payroll, or trying to understand their tax obligations.

Sound familiar? 🤔

The reality is that a good accountant does more than lodge tax returns. They help business owners:
✔ Stay compliant with ATO requirements
✔ Improve cash flow management
✔ Understand business performance
✔ Plan for growth
✔ Avoid costly mistakes and penalties
✔ Make more informed financial decisions

In our latest blog, we explore what small business owners should look for in an accountant and how the right accounting support can help your business operate more efficiently and confidently.

Whether you're a sole trader, contractor, startup, or established business, having expert guidance can free up your time to focus on what you do best, running and growing your business.

💡 The right accountant isn't just an expense. They're an investment in the future of your business.

At Wistax, we help Northern Beaches businesses with bookkeeping, BAS lodgements, payroll, tax planning, business advisory, and ongoing financial support tailored to their needs.

👉 Read the full blog to learn how the right accounting partner can support your business success.

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