WLM Accounting

The way Australian businesses structure their tax has changed in 2026. A proposed 30% minimum tax on discretionary trust distributions and the High Court's Bendel decision mean it is worth reviewing your setup. WLM's updated guide covers both developments, plus case studies and 10 key tips for getting your structure right. Download it at the link.

https://ap1.hubs.ly/H01lPzF0

How to minimise tax and risk with business structure White paper: how to minimise tax and risk with business structure.

Buying a business? A seller's numbers don't always tell the full story.

Our latest Under the Ledger episode breaks down asset vs share purchases, the cash flow gaps that catch new owners out, and what due diligence should cover before you sign.

Watch now 🎧 https://bit.ly/4y6I8XE

Buying a Business: What the Seller Won't Tell You In this episode, we explore the intricacies of buying a business, i...

Own an SMSF, or thinking about one?

The control is the appeal. The compliance is the catch: financial statements prepared and an annual return lodged with the ATO, every financial year.

We handle both, from set-up to lodgement, and work with your financial adviser on the strategy.

How our SMSF service works: https://ap1.hubs.ly/H01kKfp0

The 2026-27 car limit is $69,883 - the maximum value you can use for depreciation deductions on business vehicles, regardless of what you pay. The GST credit is capped at $6,353. Luxury Car Tax applies above $80,809 (or $91,661 for fuel-efficient vehicles). Before committing to a purchase, model the after-tax cost with your accountant. Details at the link.

https://ap1.hubs.ly/H01j24x0

Navigating the 2026–27 business car tax thresholds Business car tax thresholds: Understand the 2026–27 thresholds, depreciation caps, GST credits, and luxury car tax. for vehicle purchases in your business.

The High Court handed down a significant decision on trust distributions in June. Unpaid distributions to corporate beneficiaries are no longer automatically treated as Division 7A loans - removing compliance burdens for many private business groups. Existing loan agreements still need minimum repayments, and other integrity rules still apply. The Government has also proposed a 30% minimum tax on trusts from 1 July 2028. Full breakdown at the link.

https://ap1.hubs.ly/H01j1ZL0

High Court Brings Greater Clarity on Trust Distributions The High Court's decision clarifies unpaid distributions in discretionary trusts, easing compliance burdens for businesses amidst proposed tax reforms.

Ten years ago Charley Tarchichi joined WLM as a Senior Accountant. Today he is a Director, and still the first call for clients who have been with him since the start.

A decade with the same clients, in the same firm, is not luck. It is the way he works.

Congratulations Charley.

SMSF borrowing rules changed in June - and the "residential property ban" framing misses the nuance. The Business Real Property test is about usage, not zoning. Some residential properties can qualify. Some commercial ones may not. Existing LRBAs continue. If your SMSF is considering a property purchase, get specific advice before assuming anything. Full breakdown at the link.

https://ap1.hubs.ly/H01j1_j0

SMSF borrowing rules have changed: what property your fund can still buy SMSF borrowing rules changed on 26 June 2026. Property bought through an LRBA must now meet the business real property test. Here is what it means for your fund.

Buying a property with a business partner? The 2026 Federal Budget changed the tax rules on property, super and trusts, and the structure you choose affects how much tax you pay, how you borrow and how you exit. Our free guide walks through the options and what the changes mean for you.

Download it here: https://ap1.hubs.ly/H01j0N00

Buying a property with a business partner Buying a property with a business partner: Learn how the 2026 Federal Budget impacts optimal structures, tax implications, and exit strategies.

Not every accountant understands insurance underwriting. Dan McGrath has built his career on it. A Director and CEO at WLM, Dan has acted for the Underwriting Agencies Council, the industry's peak body, since 2013, and he explains it all in plain English.

If you are in insurance underwriting or financial services, meet the team who knows your world: https://ap1.hubs.ly/H019Hx60