WBG WCA

The manner in which we manage our superannuation is going to be altered. The change to Payday Super begins 1 July 2026. This is because the old quarterly cycle is […]

ATO Penalties for Late BAS and Tax Return Lodgements Timely lodgement of Business Activity Statements (BAS) and income tax returns is a key compliance obligation for Australian businesses. However, late

Beware the ATO has put individuals and small businesses on notice. If you have an ATO debt not on a payment plan you are at risk.   The ATO has

When you purchase a vehicle for business purposes, it’s important to understand how GST credits apply. The way you claim depends on how the vehicle is used and its cost.

  Entertainment fringe benefits arise when an employer provides food, drink, or recreation to employees. Common FBT Exemptions Exemption Type Condition Minor Benefit Value < $300 and provided infrequently and

As we dive into the 2025–26 financial year, staying informed about the latest tax changes is essential for individuals, property investors, and small businesses. At Wakefield Business Group, we’re here to

      Super Contributions For an employer to be entitled to a deduction for superannuation contributions the contribution must be received by the fund on or before 30 June.

Eligible businesses can claim an instant deduction for the business-use cost of assets in the year they’re first used or installed. Key Info · Applies to new and second-hand assets.