Category Archives: Latest News

The buzzing, fast-paced lifestyle of Hong Kong is one many Australians have experienced as tourists.

But having the chance to live and work in that environment has been the domain of ex-pats and employees of multinational organisations. Choosing to work for a local firm with all the benefits of easy access to senior management and working directly with clients at an early stage has meant sacrificing the overseas option.

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The Australian Federal government released its mid-year economic fiscal outlook (MYEFO) on 22 October 2012, somewhat earlier that would be expected.

The MYEFO contained a number of key tax-related announcements, including the following:

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Accounting firm sees better service by networking

Kothes Chartered Accountants has moved to bolster services and resources for its clients throughout south-east New South Wales with a tie-in to an international business network.

The network, Walker Wayland Australasia, is a fast-growing community of mid-tier accounting firms across all mainland states of Australia and New Zealand.

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Walker Wayland Australasia provides international boost for Toowoomba businesses

MONDAY, SEPTEMBER 3, 2012 – Many businesses in the Toowoomba region of south-east Queensland are gaining an international boost in their financial support following a move by local accounting firm Power Tynan.

Business owners and managers in the region can now draw on the extensive resources and experience of the expanding Walker Wayland Australasia accounting and business services network following the announcement that Power Tynan is now a part of the group.

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Accountancy group Walker Wayland Australasia has completed a restructure to prepare for an aggressive growth phase in the region.

According to Walker Wayland Australasia chairman Grant Allsopp, “Our focus is to become the pre-eminent mid-tier accountancy network in the region.”

He said the network now includes 11 mid-tier accounting firms across Australia and New Zealand. Three have joined since the restructure.

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The Federal Government is set to introduce the draft legislation in respect of the Living Away From Home Allowance (LAFHA) changes in the upcoming sitting of the Parliament. Advice from Treasury indicates they propose to issue a LAFHA Exposure Draft in May 2012.

The proposed Tax Laws Amendment (2012 Measures No 3) Bill 2012, which includes the provisions first proposed by the Consultative Paper released in November 2011 will be introduced into the Parliament after the 2012 Federal Budget, which is to be handed down on 8 May 2012.

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The Personal Property Securities Register (PPSR) commenced on Monday, 30 January 2012.

If you provide credit terms to your customers or you have other commercial arrangements under which your goods or equipment are in the possession of a third party or related entity (for example consignments, leases) then you will probably need to register your rights on the PPSR, or risk losing any interest in your goods and equipment.

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The Federal Government has recently outlined changes to the taxing arrangements of Living Away From Home Allowances(LAFHA) from 1 July 2012. Under the current…

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In 2010 Walker Wayland NSW participated in its first Sun Herald City to Surf with a small team of willing participants. We have registered…

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Walker Wayland NSW is delighted to announce the appointment of the following new partners effective 1 January 2011: Michael S Walker David M Ross