W & G Taxation & Accounting

27/03/2026

Possible CGT changes. Read the full post: https://wix.to/UPTapTj

With ongoing discussion around potential changes to the Capital Gains Tax (CGT) discount, many property investors are considering whether action is required.The most appropriate response at this stage is to proceed with careful consideration rather than reacting prematurely.The current positionAt pr...

24/12/2025

MERRY CHRISTMAS 2025! 🎄

23/06/2025

Selling property for a profit? Is it capital gain or business income? While many property sales do qualify for the 50% Capital Gains Tax (CGT) discount, that’s not always the case.

Learn more here: https://wix.to/192XH3a

This is something that occasionally catches people off guard when selling a property. While many property sales do qualify for the 50%...

20/06/2025

Could you be eligible for a free money in your super? The government could pay you up to $500 in superannuation if you meet certain criteria.

More details here: https://wix.to/K28t9nh

Note: to take advantage of this, you should act by 23rd of June 2025.

If you're a low or middle-income earner, the government may pay you some superannuation money for free. It’s called the super co-contribution, and it’s a great little boost that can quietly grow your retirement savings over time.What is the Government Co-Contribution?The government super co-cont...

12/06/2025

Finally received our new business cards in the mail!

3 years ago when we first started up our practice, the TPB told us: no logo no go, so I went with the first colour scheme that came to mind, inspired by the CPA.

But blue and yellow never really felt like us. No offence to CPA, it looks cool on them.

So late last year I began redeveloping our logo, and landed on this simple Greyscale design. I LOVE grey! (Just check out both our cars.) Grey may not be loud or flashy, but it’s timeless.

Those old business cards were the last relics of our old blue and yellow era. They got us through the first 3 years of our business.

Now on to the next chapter. In grey!

- Grace

31/05/2025

Important Update!
Big Super = Bigger Tax: The New $3Million Rule Effective 1 July 2025

Learn more here: https://wix.to/oJz9JKF

The Australian Government has introduced a new tax measure, known as Division 296, targeting high superannuation balances.Starting 1 July 2025, the government will start charging an extra15% tax on a portion of your superannuation earnings (both realised and unrealised) for individuals whose total s...

29/05/2025

If you own a company, have you ever looked at your company's bank account and think, "Technically that's mine"?

Hold that thought, because the ATO sees you and your company as different entities, so they don't let you simply take company's money and use it for personal purposes.

So how do you pay yourself as the business owner?

Read the article here: https://wgtaxation.wixsite.com/wgtaxation/post/how-to-pay-yourself-when-you-are-a-business-owner-salary-vs-dividends

If you own a company, you’ve probably had that moment when you look at your company's bank account and think, “Technically that’s mine...”. But as much as it feels like that's your money (and you did work hard for it), the rule says you can’t just take it out and spend it personally withou...

10/05/2025

A follow up to our previous article titled: Salary Sacrifice vs Personal Super Contributions. This article dives deeper into the Super Contribution Cap & Division 293 Tax. Not as fun as the previous article, but quite important to help avoid getting stung with extra tax on your super 🐝.

Author's note: this post is a follow up to our previous post titled Salary Sacrifice vs Personal Super Contribution. The post can be accessed through this link: https://wgtaxation.wixsite.com/wgtaxation/post/salary-sacrifice-vs-personal-super-contributions-how-to-save-on-tax-while-growing-your-super...

02/05/2025

"Fun read" in case someone is looking for ways to reduce tax. https://wix.to/o4z0nfT

(Information below is accurate as of 2nd May 2025. However, regulations may be subject to change.)As tax season approaches, one of the most common questions I hear as a tax accountant is, “Is there anything I can do to reduce my tax bill?”Potentially, yes there is, and one of the most effective ...

14/04/2025

Our latest blog discusses Negative Gearing and its tax implications. Read more: https://wix.to/6Kn5Pjs

A little perspective from Tax Accountants who are also in the property gameAs tax accountants, we frequently receive questions from our clients about the pros and cons of negative gearing in property investment. While negative gearing is a well-known strategy, many investors are unsure about its lon...

21/02/2025

Scams can be hard to detect, but staying vigilant helps.