W & G Taxation & Accounting

Since it's still a hot topic, I thought I'd share my own thoughts on the proposed negative gearing changes based on what I know so far. Hope it's a good short read!

My Personal Take on the Proposed Investment Property Changes The proposed changes to negative gearing are still a hot topic whenever investment properties are mentioned. Rather than commenting on the politics, I thought I'd share what I personally think based on what I know so far.Personally, if the right opportunity came along, I wouldn't hesitate to build a...

Following the announcement of the Federal Budget 2026 last night, this page from ABC News highlights the main changes and what it means to taxpayers.

Disclaimer: This article is shared for general informational purposes only. As we are not the author or publisher of this article, we do not accept responsibility or liability for the accuracy or completeness of its contents. Readers should seek independent advice relevant to their own circumstances before relying on the information provided.

https://www.abc.net.au/news/2026-05-12/federal-budget-2026-winners-and-losers/106639966

Find out if you're among the budget's winners or losers In the first full budget since Labor's landslide election victory last year, the government is putting some money back in workers' pockets and increasing taxes on investors. So who wins and who misses out?

Possible CGT changes. Read the full post: https://wix.to/UPTapTj

Possible CGT Changes and the Impact on Investors With ongoing discussion around potential changes to the Capital Gains Tax (CGT) discount, many property investors are considering whether action is required.The most appropriate response at this stage is to proceed with careful consideration rather than reacting prematurely.The current positionAt pr...

MERRY CHRISTMAS 2025! 🎄

Selling property for a profit? Is it capital gain or business income? While many property sales do qualify for the 50% Capital Gains Tax (CGT) discount, that’s not always the case.

Learn more here: https://wix.to/192XH3a

Selling a Property: Is It a Capital Gain or Business Income? This is something that occasionally catches people off guard when selling a property. While many property sales do qualify for the 50%...

Could you be eligible for a free money in your super? The government could pay you up to $500 in superannuation if you meet certain criteria.

More details here: https://wix.to/K28t9nh

Note: to take advantage of this, you should act by 23rd of June 2025.

Could You Be Eligible for a Free $500 in Super? If you're a low or middle-income earner, the government may pay you some superannuation money for free. It’s called the super co-contribution, and it’s a great little boost that can quietly grow your retirement savings over time.What is the Government Co-Contribution?The government super co-cont...

Finally received our new business cards in the mail!

3 years ago when we first started up our practice, the TPB told us: no logo no go, so I went with the first colour scheme that came to mind, inspired by the CPA.

But blue and yellow never really felt like us. No offence to CPA, it looks cool on them.

So late last year I began redeveloping our logo, and landed on this simple Greyscale design. I LOVE grey! (Just check out both our cars.) Grey may not be loud or flashy, but it’s timeless.

Those old business cards were the last relics of our old blue and yellow era. They got us through the first 3 years of our business.

Now on to the next chapter. In grey!

- Grace

Important Update!
Big Super = Bigger Tax: The New $3Million Rule Effective 1 July 2025

Learn more here: https://wix.to/oJz9JKF

Big Super = Bigger Tax: The New $3Million Rule Effective 1 July 2025 The Australian Government has introduced a new tax measure, known as Division 296, targeting high superannuation balances.Starting 1 July 2025, the government will start charging an extra15% tax on a portion of your superannuation earnings (both realised and unrealised) for individuals whose total s...

If you own a company, have you ever looked at your company's bank account and think, "Technically that's mine"?

Hold that thought, because the ATO sees you and your company as different entities, so they don't let you simply take company's money and use it for personal purposes.

So how do you pay yourself as the business owner?

Read the article here: https://wgtaxation.wixsite.com/wgtaxation/post/how-to-pay-yourself-when-you-are-a-business-owner-salary-vs-dividends

How to Pay Yourself When You Own a Company: Salary vs Dividends If you own a company, you’ve probably had that moment when you look at your company's bank account and think, “Technically that’s mine...”. But as much as it feels like that's your money (and you did work hard for it), the rule says you can’t just take it out and spend it personally withou...

A follow up to our previous article titled: Salary Sacrifice vs Personal Super Contributions. This article dives deeper into the Super Contribution Cap & Division 293 Tax. Not as fun as the previous article, but quite important to help avoid getting stung with extra tax on your super 🐝.

Super Contribution Cap & Division 293 Author's note: this post is a follow up to our previous post titled Salary Sacrifice vs Personal Super Contribution. The post can be accessed through this link: https://wgtaxation.wixsite.com/wgtaxation/post/salary-sacrifice-vs-personal-super-contributions-how-to-save-on-tax-while-growing-your-super...