It is with great pleasure, that we at WMS get to put the spotlight on one of our flamboyant clients, “Max Christmas”. We have had the pleasure of working with Max across the last 14 years and have witnessed his enthusiasm and passion he exerts across all aspects of his “business & personal life”. We have seen him transition from running large corporate empires to...
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The latest Federal Budget was announced last night on Tuesday, 3 May by the Treasurer Mr Scott Morrison. The key message was “jobs and growth” however the Budget contains several new tax measures covering a broad range of areas including...
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Interest rates are at historically low levels in Australia and have been for a prolonged period. Most commentators state the RBA is sitting on the fence with no real pressure to...
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As you may know, new rules with respect to collectables and personal use assets were introduced from 1 July 2011. Whilst those rules only applied to acquisitions of collectables and personal use assets from 1 July 2011, for funds that held those assets as at 30 June 2011 SMSF Trustees were given to...
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When I last wrote about this topic it was a blossoming technology, full of promise and benefits for your business. A year on, it has only grown stronger. At this stage business owners and accountants alike should...
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Excel is capable of being used in just about every business. If you’re not using it for budgeting or data analytics, then you’re probably using it for managing workflow, consolidating multiple data sources, maintaining a database, creating charts or even keeping your Christmas card list. Excel can be used in a plethora of ways and according to...
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In what is hopefully a sign of growing business confidence, we are experiencing an increased level of interest from business owners in relation to capital raising. This spectrum covers seed capital in the start-up space to more mature companies seeking capital to achieve ‘the next level’. The extent of enquiry is supported by...
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In December 2014 the Australian Taxation Office (“ATO”) provided guidance on how they view zero interest rate or low interest rate loans provided under Limited Recourse Borrowing Arrangements (“LRBA”) by related parties. That view, which was subject to some controversy, is essentially...
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