WLM Accounting

18/10/2026

Solar, battery and hot water installers: GST is worked out on the full price, before the STC discount.

In the ATO's example, a $7,700 system with $1,000 of STCs assigned carries $700 of GST. Calculate it on the $6,700 the customer pays and you are $90.91 short.

The rule, the invoice details and a five-question checklist: https://ap1.hubs.ly/H01rrp60

Why an installer's GST is worked out on the full price before the STC discount, what a correct invoice shows, and the GST when the customer is a business.

16/10/2026

Want an accountant who knows your goals, not just your deadlines? Meet James Coles, Director at WLM.

James joined us in 2017 and became a Director in 2024. His focus: understanding what you want to achieve, solving complex problems early, and building relationships that last.

Get to know James and the team: https://ap1.hubs.ly/H01rHhB0

13/10/2026

Company, trust, partnership or SMSF? Put your business or assets in the wrong structure and you could pay a heavy price.

The right structure starts with your personal needs, borrowing ability, cash flow, goals and risks. Get it right at the start for peace of mind, and you can save plenty of tax.

Talk to our team: https://ap1.hubs.ly/H01r5HR0

08/10/2026

If your business turns over less than $10 million, you can immediately deduct eligible assets costing under $20,000 each. It is a deduction, not cash back, and the asset must be in use or installed ready for use in the income year.

Planning a purchase? Talk to us first:
https://ap1.hubs.ly/H01qzCr0

02/10/2026

Great catch-up this week with Cowell Clarke Commercial Lawyers, one of our trusted network partners.

Golf stories, car talk and a same high school small-world moment, plus the serious bit: the Bendel case, AML and recent and proposed legislative changes.

When your lawyer and accountant already know each other, you get one joined-up answer: https://ap1.hubs.ly/H01pSC70

01/10/2026

Five quick wins for your family business this NSW Small Business Month:

Separate business and personal money. Put family roles and pay in writing. Run a rolling cash flow forecast. Check that your structure still fits. Start the succession conversation now.

Talk to our small business experts:
https://bit.ly/4iYyKB8

30/09/2026

Is your business structure protecting you, or exposing you? Charley Tarchichi explains why structuring is worth talking about early, and why simple now and restructure later is often the smarter move.

Watch our latest Under the Ledger clip. Full episode link in the comments 🎧

23/09/2026

The 2026-27 Budget proposed a 30% minimum tax on discretionary trust income from 1 July 2028. The legislation is not yet final, but if you use a family trust it is worth understanding the proposal - especially the double-taxation risk for groups distributing income to a company. WLM has published a plain-English breakdown. Read it at the link.

https://ap1.hubs.ly/H01nQrh0

22/09/2026

Your claims team makes a GST decision every time they settle. Division 11 or Division 78 - the wrong classification means leaving credits unclaimed or misreporting on your BAS. WLM has published a practical guide covering both divisions, the common mistakes, and what each settlement type means for your BAS reporting. Read it at the link.

https://ap1.hubs.ly/H01nQnY0

18/09/2026

The ATO's reasonable travel and overtime meal rates are updated for 2026-27 - the overtime meal allowance is now $40.00. The most common mistake? Treating the ATO rate as an automatic deduction. You can only claim what you actually spent. WLM has written a practical guide on how the rules work for employers and employees. Read it at the link.

https://ap1.hubs.ly/H01ns8f0