Walker Wayland Advantage 
Level 7, 114 WIlliam Street, Melbourne Vic 3000

Tel: +61 3 9274 0600

Email: admin@wwadvantage.com.au

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News & Blogs 


October 29, 2019


$30,000 instant asset write-off

The ATO is reminding businesses that are looking to expand or improve their business and thinking of buying new or second-hand assets, that medium sized businesses with a turnover up to $50 million (but at least $10 million) are el...

September 24, 2019


"Outrageous" deductions rejected

The ATO has published some of the most unusual claims that they disallowed last financial year. Nearly 700,000 taxpayers claimed almost $2 billion of ‘other’ expenses, but the ATO's systematic review of claims had found, and disal...

August 26, 2019


Continued tax cuts become law

The Government has announced that more than 10 million Australians will receive immediate tax relief following the passage of legislation through the Parliament, which increases the top threshold for the 19% tax rate from $41,000 to...

May 8, 2019

The development in technology across numerous industries has meant opportunities for advancement in how professionals do business. Accounting is no exception.

What is AI

Artificial intelligence (AI) is the simulation of human intelligence processes by machines, especiall...

April 18, 2019


Continued focus on the cash economy

ATO Assistant Commissioner Peter Holt has announced that, in the 2019/20 financial year, the ATO will be visiting a further 10,000 small businesses across the country, including up to 500 small businesses in Tasmania. He furthe...

April 3, 2019

Personal income tax

Changes to personal income tax rates

The Government has proposed the following changes to the personal income tax rates:

From 1 July 2022, the Government will increase the upper threshold of the 19% personal income tax bracket to $45,000. The rates bel...

March 28, 2019

Understanding Single Touch Payroll obligations

Single Touch Payroll (‘STP’) is a Government initiative aimed at cutting red tape for employers and improving visibility of compliance with business obligations such as:

  • salary and wages and similar payments;

  • Pay As...

March 27, 2019


Changes to the small business instant asset write-off

On 29 January 2019, the Prime Minister announced that legislation will be introduced to:

  • extend the small business instant asset write-off by 12 months to 30 June 2020; and 

  • increase the write-off thr...

February 26, 2019

The Government has recently introduced Treasury Laws amendment (2019 Measures No 1) Bill 2019 into the House of Representatives, which highlights proposed changes to Self-Managed Superannuation Funds (SMSFs), with an emphasis on member limits and necessary sign off req...

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Special Bulletin - Federal Budget 2019-20

April 3, 2019

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