WLM Accounting

17/07/2026

The Budget's CGT package has changed substantially since May. The small business active asset threshold is jumping from $2 million to $10 million. Testamentary trusts are now exempt from the new 30% minimum tax rate. SMSF residential borrowing is being removed. There is also a new concession for early-stage business investors. If any of this applies to you, the full breakdown is at the link.

https://ap1.hubs.ly/H01670V0

Explore the latest changes to Australia's tax system, including CGT updates, minimum tax rates for trusts, and SMSF borrowing restrictions. Stay informed.

16/07/2026

Thinking about how a strategic CFO could elevate your business, but not sure where to start? 💼

WLM Accounting offers a comprehensive outsourced CFO service designed to help businesses navigate the complexities of your business’ financial management, without the costs of a full-time chief financial officer.

Let us handle your accounting needs so you can concentrate on achieving your goals. 🚀

https://ap1.hubs.ly/H01606B0

14/07/2026

Paid subbies this year? If you are in building and construction, your Taxable Payments Annual Report (TPAR) is due 28 August 2026.

Start now: get each contractor's ABN, name, address and the total you paid them. Clean records make lodging quick.

Want it off your plate? Call us on (02) 9221 7777.

10/07/2026

If your super is near $3 million, the Division 296 tax starting 1 July 2026 is assessed on you, not your fund. That is the part most people get wrong.

There is planning to do. We have put together a plain-English breakdown of how the tax actually works and what to do about it. Link below.

https://bit.ly/4bj2qEl

08/07/2026

Payday super is live. From 1 July 2026, employers have 7 business days from each payday to pay employee super. Miss the window and the penalty is not deductible.

Five things to do now: check your payroll software, map your pay cycles, brief your team, update new employee onboarding, and set up a process for rejected contributions.

Full breakdown at the link below.

https://bit.ly/3QIJMyV

07/07/2026

This month, four of our team stepped up into new roles - and we could not be prouder.

Congratulations to:
- Daniel - promoted to Senior Manager
- Maureen - promoted to Senior Client Service Administrator
- Caroline - promoted to Senior Client Service Administrator
- Fayqa - promoted to Senior Client Service Administrator

Every one of them plays a real part in the experience our clients have with WLM. Whether it is solving a tricky problem, answering a question before it becomes one, or making sure the details are right, they are the people who turn good advice into results our clients can count on. These promotions reflect the trust our clients place in them and the difference they make every day.

We marked the promotions, and the close of another financial year, over an EOFY lunch together: a chance to pause, celebrate, and go again.

As we head into a new financial year, this team is ready to keep raising the bar - delivering the service and results our clients count on us for.

30/06/2026

Thinking of expanding your business into the Australian market? Our expert accountants are here to guide you every step of the way - from setup to ongoing support.

Let us help you navigate the financial and regulatory landscape with confidence.

29/06/2026

She made it!! 🏔🙌

Our Director Amanda Rogers has just completed the Leadership in Business Retreat 2026 - and what an adventure. Fourteen days trekking through the Peruvian Andes, crossing a 4,630m mountain pass, camping under Andean skies, and finally reaching the breathtaking Machu Picchu.

And she delivered! Along the way, Amanda led a session on Succession Planning and Superannuation for a group of Australian business owners. It's her passion - helping family businesses think clearly about their future, long before they need to. Because the best time to plan your next chapter is always earlier than you think.

We're pretty sure those conversations hit differently at altitude. 🌄

Amanda, you are a legend. Welcome home - we couldn't be prouder! 🎉

25/06/2026

Salary packaging an EV - or thinking about it? The full FBT exemption closes 31 March 2027. After that, the concession narrows in stages before settling at a flat 25% discount from April 2029. Existing leases are grandfathered.

If an EV is on the table for you or your team, the planning window is now.

Here is what changes and when:
https://ap1.hubs.ly/y0-q0h0

The Government will phase out the electric vehicle FBT exemption, saving $1.7 billion over five years while promoting sustainable EV uptake.

23/06/2026

Pay staff? From 1 July 2026, super gets paid on payday, not quarterly.

You will have 7 business days from each pay run to get contributions into your employees' funds. Miss it and penalties apply, and this time the penalty is not deductible.

Most payroll systems are already built for it. Here is what is changing and how to get ready: https://ap1.hubs.ly/y0-qqH0

Prepare for the significant changes to superannuation payments starting 1 July 2026, affecting payday payroll processes and compliance for businesses.