Changes To HECS Debt Indexation
In the May 2024 Federal Budget, the Government proposed a change to the way that indexation is calculated against HECS-HELP and other student loans.…
Understanding Division 293 Tax
Division 293 of the Income Tax Assessment Act 1997 was introduced in Australia on July 1, 2012. It was established to address the perceived…
Walker Wayland NSW Introduces Client Verification Process
Client verification is a critical process in today’s digital and financial landscapes, serving as a fundamental safeguard for businesses and their clients. In essence,…
Integrating ESG into Accounting: Australia’s Evolving Financial Reporting Landscape
In recent years, the global focus on Environmental, Social, and Governance (ESG) factors has intensified, influencing how companies approach transparency and accountability. This shift…
WWNSW “Mandatory Climate Reporting Bill Passes into Senate“
The mandatory climate reporting bill was passed by the Senate on 22 August 2024, with the Bill expected to be passed in the House of Representatives…
Tax Return Lodgements
Avoided lodging your tax returns for years? Stop running and start doing something about it! For most, lodging their tax return is a fact…
2024 Employee Share Scheme (ESS) & Start-Up Concession
2024 Employee Share Scheme (ESS) & Start-Up Concession The deadline for reporting annual Employee Share Scheme (ESS) activities is approaching. Employers providing ESS interests…
2024 Single Touch Payroll (STP)
Employers need to make a Single Touch Payroll (STP) finalisation declaration by 14 July 2024 unless you are a closely held employer. This is…
Navigating Not-For-Profit Self-Review Returns (NFP SRR)
Not-For-Profit organisations in Australia must adhere to tax laws to maintain their tax-exempt status. Starting from 2023-24 income year, Not-For-Profit organisations must lodge a…
2024-25 Federal Budget
The 2024-25 Federal Budget, unveiled by Federal Treasurer Dr. Jim Chalmers on 14 May 2024, forecasts a surplus of $9.3 billion in 2023-24, to…